NorthCrest Asset Manangement LLC Purchases 2,199 Shares of Carrier Global Co. (NYSE:CARR)

NorthCrest Asset Manangement LLC boosted its position in Carrier Global Co. (NYSE:CARR) by 2.0% during the 1st quarter, Holdings Channel.com reports. The fund owned 113,642 shares of the company’s stock after buying an additional 2,199 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in Carrier Global were worth $7,205,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CARR. Syon Capital LLC boosted its holdings in Carrier Global by 2.2% during the fourth quarter. Syon Capital LLC now owns 7,089 shares of the company’s stock worth $484,000 after buying an additional 155 shares during the last quarter. BOK Financial Private Wealth Inc. boosted its holdings in Carrier Global by 80.0% during the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock worth $25,000 after buying an additional 160 shares during the last quarter. Wealthspire Advisors LLC boosted its holdings in Carrier Global by 3.7% during the fourth quarter. Wealthspire Advisors LLC now owns 4,473 shares of the company’s stock worth $305,000 after buying an additional 161 shares during the last quarter. Lake Street Advisors Group LLC boosted its holdings in Carrier Global by 0.8% during the fourth quarter. Lake Street Advisors Group LLC now owns 20,128 shares of the company’s stock worth $1,378,000 after buying an additional 169 shares during the last quarter. Finally, Beck Mack & Oliver LLC boosted its holdings in Carrier Global by 1.9% during the fourth quarter. Beck Mack & Oliver LLC now owns 9,124 shares of the company’s stock worth $623,000 after buying an additional 174 shares during the last quarter. Institutional investors own 91.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CARR shares. Wells Fargo & Company raised their target price on Carrier Global from $65.00 to $75.00 and gave the stock an “equal weight” rating in a report on Monday, May 5th. Citigroup dropped their price target on Carrier Global from $89.00 to $72.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Robert W. Baird raised their price target on Carrier Global from $80.00 to $88.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 20th. Wolfe Research raised Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research report on Monday, February 24th. Finally, Mizuho set a $72.00 price target on Carrier Global in a research report on Tuesday, April 22nd. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $83.00.

Insiders Place Their Bets

In other Carrier Global news, Director Maximilian Viessmann sold 4,267,425 shares of the business’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $70.30, for a total transaction of $299,999,977.50. Following the transaction, the director now owns 54,341,534 shares of the company’s stock, valued at $3,820,209,840.20. The trade was a 7.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 7.20% of the company’s stock.

Carrier Global Trading Down 1.8%

NYSE CARR opened at $71.17 on Friday. The stock has a market capitalization of $61.01 billion, a price-to-earnings ratio of 11.33, a PEG ratio of 2.01 and a beta of 1.33. The stock’s 50 day moving average price is $67.57 and its two-hundred day moving average price is $67.54. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25. Carrier Global Co. has a 52 week low of $54.22 and a 52 week high of $83.32.

Carrier Global (NYSE:CARR) last released its earnings results on Thursday, May 1st. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.58 by $0.07. The firm had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $5.17 billion. Carrier Global had a return on equity of 18.82% and a net margin of 23.83%. The business’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.51 EPS. As a group, analysts anticipate that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Monday, July 21st will be given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Monday, July 21st. Carrier Global’s dividend payout ratio (DPR) is 13.93%.

Carrier Global Company Profile

Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies in the United States, Europe, the Asia Pacific, and internationally. It operates through three segments: HVAC, Refrigeration, and Fire & Security.