Wealthcare Advisory Partners LLC Boosts Holdings in Carrier Global Co. (NYSE:CARR)

Wealthcare Advisory Partners LLC grew its position in Carrier Global Co. (NYSE:CARR) by 18.9% during the 1st quarter, Holdings Channel.com reports. The firm owned 6,847 shares of the company’s stock after purchasing an additional 1,088 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Carrier Global were worth $398,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the business. Modera Wealth Management LLC grew its position in Carrier Global by 19.4% during the 3rd quarter. Modera Wealth Management LLC now owns 21,099 shares of the company’s stock worth $1,165,000 after purchasing an additional 3,430 shares during the last quarter. Pinnacle Financial Partners Inc lifted its stake in shares of Carrier Global by 9.0% during the fourth quarter. Pinnacle Financial Partners Inc now owns 5,781 shares of the company’s stock worth $332,000 after buying an additional 476 shares during the period. Andrew Hill Investment Advisors Inc. purchased a new stake in shares of Carrier Global during the fourth quarter valued at $2,081,000. Nomura Holdings Inc. acquired a new position in shares of Carrier Global in the 4th quarter valued at $973,000. Finally, AIA Group Ltd raised its stake in Carrier Global by 16.5% in the 4th quarter. AIA Group Ltd now owns 98,959 shares of the company’s stock worth $5,685,000 after acquiring an additional 14,003 shares during the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global Stock Down 0.2 %

Carrier Global stock opened at $63.08 on Monday. Carrier Global Co. has a 12 month low of $45.68 and a 12 month high of $66.50. The stock has a market capitalization of $56.84 billion, a PE ratio of 44.11, a price-to-earnings-growth ratio of 2.55 and a beta of 1.33. 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 business has a 50 day simple moving average of $63.18 and a 200-day simple moving average of $58.73.

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

Carrier Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 8th. Investors of record on Friday, June 21st will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date is Friday, June 21st. Carrier Global’s dividend payout ratio is presently 53.15%.

Insider Buying and Selling

In other news, insider Jurgen Timperman sold 159,915 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $61.95, for a total value of $9,906,734.25. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, VP Nadia Villeneuve sold 98,428 shares of the stock in a transaction dated 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 completion of the sale, the vice president now directly owns 85,028 shares in the company, valued at $5,560,831.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jurgen Timperman sold 159,915 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $61.95, for a total transaction of $9,906,734.25. The disclosure for this sale can be found here. In the last three months, insiders have sold 262,954 shares of company stock worth $16,650,050. Insiders own 6.95% of the company’s stock.

Wall Street Analysts Forecast Growth

CARR has been the topic of a number of research reports. TD Cowen increased their price objective on Carrier Global from $66.00 to $70.00 and gave the company a “buy” rating in a report on Monday, April 29th. Robert W. Baird raised their price target on shares of Carrier Global from $60.00 to $64.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. Barclays upped their price objective 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. Citigroup raised shares of Carrier Global from a “neutral” rating to a “buy” rating and raised their target price for the stock from $65.00 to $74.00 in a report on Monday, June 24th. Finally, Oppenheimer upped their price target on shares of Carrier Global from $64.00 to $71.00 and gave the company an “outperform” rating in a report on Thursday. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $64.14.

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.