Means Investment CO. Inc. Buys 323 Shares of Carrier Global Co. (NYSE:CARR)

Means Investment CO. Inc. raised its stake in shares of Carrier Global Co. (NYSE:CARR) by 2.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,907 shares of the company’s stock after purchasing an additional 323 shares during the period. Means Investment CO. Inc.’s holdings in Carrier Global were worth $1,039,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Resonant Capital Advisors LLC boosted its holdings in shares of Carrier Global by 2.1% during the 3rd quarter. Resonant Capital Advisors LLC now owns 10,035 shares of the company’s stock valued at $808,000 after purchasing an additional 206 shares during the last quarter. AA Financial Advisors LLC lifted its holdings in shares of Carrier Global by 22.2% in the 3rd quarter. AA Financial Advisors LLC now owns 6,200 shares of the company’s stock valued at $499,000 after acquiring an additional 1,128 shares during the last quarter. Chicago Capital LLC lifted its holdings in shares of Carrier Global by 1.9% in the 3rd quarter. Chicago Capital LLC now owns 13,153 shares of the company’s stock valued at $1,059,000 after acquiring an additional 248 shares during the last quarter. Embree Financial Group bought a new position in shares of Carrier Global in the 3rd quarter valued at about $239,000. Finally, Blue Trust Inc. lifted its holdings in shares of Carrier Global by 142.9% in the 3rd quarter. Blue Trust Inc. now owns 5,958 shares of the company’s stock valued at $480,000 after acquiring an additional 3,505 shares during the last quarter. Institutional investors own 91.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CARR shares. Oppenheimer increased their price target on shares of Carrier Global from $74.00 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. started coverage on shares of Carrier Global in a report on Thursday, October 10th. They issued a “neutral” rating and a $83.00 price target for the company. Morgan Stanley initiated coverage on shares of Carrier Global in a report on Friday, September 6th. They issued an “equal weight” rating and a $75.00 price target for the company. Barclays raised their price objective on shares of Carrier Global from $81.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Finally, Robert W. Baird decreased their price objective on shares of Carrier Global from $75.00 to $74.00 and set an “outperform” rating for the company in a research note on Friday, July 26th. Seven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $80.67.

Insider Activity at Carrier Global

In related news, VP Ajay Agrawal sold 62,382 shares of Carrier Global stock in a transaction that occurred 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 transaction, the vice president now directly owns 103,066 shares of the company’s stock, valued at $6,652,910.30. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 6.95% of the stock is currently owned by corporate insiders.

Carrier Global Stock Performance

Shares of NYSE:CARR opened at $81.55 on Friday. The firm has a market cap of $73.48 billion, a PE ratio of 57.03, a price-to-earnings-growth ratio of 2.94 and a beta of 1.32. The firm’s 50 day simple moving average is $75.32 and its 200-day simple moving average is $67.22. Carrier Global Co. has a one year low of $45.68 and a one year high of $83.32. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.80 and a current ratio of 1.08.

Carrier Global (NYSE:CARR) last issued its earnings results on Thursday, July 25th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.02. The business had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.05 billion. Carrier Global had a net margin of 14.27% and a return on equity of 23.68%. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period last year, the company posted $0.79 earnings per share. As a group, equities analysts predict that Carrier Global Co. will post 2.85 EPS for the current year.

Carrier Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Friday, October 25th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.93%. The ex-dividend date is Friday, October 25th. Carrier Global’s payout ratio is 53.15%.

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.