Atlas Capital Advisors LLC Grows Position in Carrier Global Co. (NYSE:CARR)

Atlas Capital Advisors LLC grew its position in shares of Carrier Global Co. (NYSE:CARR) by 9,642.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 2,728 shares of the company’s stock after buying an additional 2,700 shares during the period. Atlas Capital Advisors LLC’s holdings in Carrier Global were worth $172,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in CARR. Nordea Investment Management AB boosted its position in Carrier Global by 5.5% during the first quarter. Nordea Investment Management AB now owns 822,954 shares of the company’s stock worth $47,633,000 after purchasing an additional 43,002 shares in the last quarter. Nomura Holdings Inc. purchased a new stake in Carrier Global in the 4th quarter worth $973,000. Versor Investments LP acquired a new position in Carrier Global during the fourth quarter worth $1,132,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in Carrier Global by 50.1% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 390,272 shares of the company’s stock valued at $22,687,000 after purchasing an additional 130,192 shares in the last quarter. Finally, GLOBALT Investments LLC GA acquired a new stake in shares of Carrier Global in the fourth quarter valued at about $859,000. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Carrier Global

In related news, VP Ajay Agrawal sold 62,382 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $64.55, for a total transaction of $4,026,758.10. Following the completion of the transaction, the vice president now owns 103,066 shares in the company, valued at $6,652,910.30. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 6.95% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Citigroup raised shares of Carrier Global from a “neutral” rating to a “buy” rating and raised their price target for the company from $65.00 to $74.00 in a research note on Monday, June 24th. Barclays increased their target price on Carrier Global from $79.00 to $81.00 and gave the company an “overweight” rating in a report on Friday, June 14th. Oppenheimer lifted their price target on Carrier Global from $70.00 to $74.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. Royal Bank of Canada reissued an “outperform” rating and issued a $72.00 price objective on shares of Carrier Global in a research note on Friday, July 26th. Finally, Baird R W raised shares of Carrier Global from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 15th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $67.08.

Carrier Global Trading Up 2.4 %

NYSE:CARR traded up $1.69 during trading hours on Friday, reaching $72.78. 3,204,686 shares of the stock were exchanged, compared to its average volume of 4,259,421. The business has a 50-day moving average of $66.13 and a two-hundred day moving average of $61.83. Carrier Global Co. has a twelve month low of $45.68 and a twelve month high of $73.04. The company has a quick ratio of 0.80, a current ratio of 1.08 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $65.58 billion, a price-to-earnings ratio of 50.90, a PEG ratio of 2.63 and a beta of 1.32.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Thursday, July 25th. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02. Carrier Global had a net margin of 14.27% and a return on equity of 23.68%. The firm had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $7.05 billion. During the same quarter in the previous year, the business posted $0.79 earnings per share. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. On average, equities analysts predict that Carrier Global Co. will post 2.84 EPS for the current year.

Carrier Global Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 8th. Investors of record on Friday, June 21st were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Friday, June 21st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.04%. Carrier Global’s payout ratio is 53.15%.

Carrier Global 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.