Foster Victor Wealth Advisors LLC Boosts Position in Carrier Global Co. (NYSE:CARR)

Foster Victor Wealth Advisors LLC lifted its stake in shares of Carrier Global Co. (NYSE:CARR) by 14.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 169,263 shares of the company’s stock after acquiring an additional 21,146 shares during the period. Foster Victor Wealth Advisors LLC’s holdings in Carrier Global were worth $10,031,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Ritholtz Wealth Management raised its holdings in shares of Carrier Global by 34.0% during the 1st quarter. Ritholtz Wealth Management now owns 3,968 shares of the company’s stock worth $252,000 after acquiring an additional 1,007 shares during the period. Massachusetts Wealth Management increased its position in shares of Carrier Global by 9.4% during the 1st quarter. Massachusetts Wealth Management now owns 20,600 shares of the company’s stock worth $1,306,000 after purchasing an additional 1,775 shares during the last quarter. Dover Advisors LLC increased its position in shares of Carrier Global by 5.1% during the 1st quarter. Dover Advisors LLC now owns 11,312 shares of the company’s stock worth $717,000 after purchasing an additional 550 shares during the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of Carrier Global during the 1st quarter worth about $127,000. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of Carrier Global by 15.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 552,713 shares of the company’s stock worth $35,042,000 after purchasing an additional 75,555 shares during the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Insider Transactions at Carrier Global

In other news, Director Maximilian Viessmann sold 4,267,425 shares of the business’s stock in a transaction dated 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 completion of the transaction, the director now directly owns 54,341,534 shares of the company’s stock, valued at approximately $3,820,209,840.20. The trade was a 7.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 7.20% of the company’s stock.

Carrier Global Stock Performance

NYSE CARR opened at $71.17 on Friday. The company has a market cap of $61.01 billion, a P/E ratio of 11.33, a P/E/G ratio of 2.01 and a beta of 1.33. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96. The stock has a 50-day moving average of $67.57 and a two-hundred day moving average of $67.47. Carrier Global Co. has a 1-year low of $54.22 and a 1-year high of $83.32.

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

Carrier Global Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Royal Bank of Canada raised their price objective on Carrier Global from $86.00 to $87.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 20th. Robert W. Baird raised their price objective on Carrier Global from $80.00 to $88.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 20th. Wells Fargo & Company raised their price objective on Carrier Global from $65.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Monday, May 5th. Mizuho set a $72.00 price objective on Carrier Global in a research report on Tuesday, April 22nd. Finally, Wolfe Research raised Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research report on Monday, February 24th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.00.

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.