Carrier Global Co. (NYSE:CARR) Shares Acquired by Wedmont Private Capital

Wedmont Private Capital raised its position in shares of Carrier Global Co. (NYSE:CARR) by 19.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,264 shares of the company’s stock after buying an additional 3,274 shares during the quarter. Wedmont Private Capital’s holdings in Carrier Global were worth $1,178,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. McClarren Financial Advisors Inc. lifted its position in shares of Carrier Global by 86.7% in the 4th quarter. McClarren Financial Advisors Inc. now owns 435 shares of the company’s stock worth $25,000 after buying an additional 202 shares during the last quarter. DiNuzzo Private Wealth Inc. bought a new position in Carrier Global in the fourth quarter worth about $25,000. EdgeRock Capital LLC acquired a new position in Carrier Global in the fourth quarter valued at approximately $27,000. VisionPoint Advisory Group LLC bought a new position in shares of Carrier Global during the third quarter valued at approximately $30,000. Finally, Criterion Capital Advisors LLC acquired a new stake in shares of Carrier Global during the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Insider Activity

In related news, VP Nadia Villeneuve sold 98,428 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $65.40, for a total value of $6,437,191.20. Following the sale, the vice president now directly owns 85,028 shares in the company, valued at approximately $5,560,831.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO Kyle Crockett sold 4,611 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $66.39, for a total transaction of $306,124.29. Following the completion of the sale, the chief accounting officer now directly owns 2,042 shares of the company’s stock, valued at $135,568.38. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Nadia Villeneuve sold 98,428 shares of Carrier Global stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $65.40, for a total value of $6,437,191.20. Following the completion of the transaction, the vice president now directly owns 85,028 shares in the company, valued at approximately $5,560,831.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 262,954 shares of company stock worth $16,650,050. Corporate insiders own 6.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CARR shares. Robert W. Baird boosted their price objective on Carrier Global from $60.00 to $64.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Barclays boosted their price target on shares of Carrier Global from $79.00 to $81.00 and gave the company an “overweight” rating in a report on Friday, June 14th. Wells Fargo & Company increased their price objective on shares of Carrier Global from $59.00 to $66.00 and gave the stock an “equal weight” rating in a report on Friday, April 26th. TD Cowen boosted their target price on shares of Carrier Global from $66.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, April 29th. Finally, Oppenheimer raised their price target on shares of Carrier Global from $63.00 to $64.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $62.86.

Carrier Global Stock Performance

CARR opened at $62.86 on Friday. The business has a 50 day moving average price of $62.25 and a two-hundred day moving average price of $58.36. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.36 and a quick ratio of 0.99. The company has a market capitalization of $56.64 billion, a price-to-earnings ratio of 43.96, a price-to-earnings-growth ratio of 2.65 and a beta of 1.33. Carrier Global Co. has a 1-year low of $45.68 and a 1-year high of $66.50.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data on Thursday, April 25th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.12. Carrier Global had a return on equity of 26.01% and a net margin of 5.41%. The company had revenue of $6.18 billion for the quarter, compared to the consensus estimate of $6.27 billion. Research analysts predict that Carrier Global Co. will post 2.85 EPS for the current fiscal year.

Carrier Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 8th. Shareholders of record on Friday, June 21st will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend is Friday, June 21st. 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.