Carrier Global Co. (NYSE:CARR) Stock Position Lifted by Blue Trust Inc.

Blue Trust Inc. grew its position in Carrier Global Co. (NYSE:CARR) by 100.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,453 shares of the company’s stock after acquiring an additional 1,232 shares during the quarter. Blue Trust Inc.’s holdings in Carrier Global were worth $143,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. McClarren Financial Advisors Inc. boosted its stake in Carrier Global by 86.7% in the fourth quarter. McClarren Financial Advisors Inc. now owns 435 shares of the company’s stock valued at $25,000 after acquiring an additional 202 shares during the period. DiNuzzo Private Wealth Inc. bought a new stake in shares of Carrier Global in the 4th quarter worth approximately $25,000. Olistico Wealth LLC acquired a new position in Carrier Global during the 2nd quarter valued at approximately $25,000. EdgeRock Capital LLC bought a new position in Carrier Global during the 4th quarter worth $27,000. Finally, Criterion Capital Advisors LLC acquired a new stake in Carrier Global in the fourth quarter worth $32,000. 91.00% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other 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 value 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. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 6.95% of the company’s stock.

Carrier Global Stock Up 1.9 %

NYSE CARR opened at $68.64 on Tuesday. Carrier Global Co. has a 12 month low of $45.68 and a 12 month high of $70.09. The company has a market capitalization of $61.85 billion, a P/E ratio of 48.00, a PEG ratio of 2.63 and a beta of 1.32. The company’s 50 day simple moving average is $65.14 and its 200 day simple moving average is $61.06. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.08 and a quick ratio of 0.80.

Carrier Global (NYSE:CARR) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.02. The company had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.05 billion. Carrier Global had a return on equity of 23.68% and a net margin of 14.27%. The firm’s revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.79 earnings per share. Equities research analysts expect that Carrier Global Co. will post 2.84 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 8th. Investors of record on Friday, June 21st were paid a $0.19 dividend. The ex-dividend date was Friday, June 21st. This represents a $0.76 dividend on an annualized basis and a yield of 1.11%. Carrier Global’s dividend payout ratio is currently 53.15%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CARR. Wells Fargo & Company upped their price target on shares of Carrier Global from $59.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Friday, April 26th. Oppenheimer upped their target price on shares of Carrier Global from $70.00 to $74.00 and gave the stock an “outperform” rating in a research report on Friday. Citigroup raised Carrier Global from a “neutral” rating to a “buy” rating and lifted their price target for the company from $65.00 to $74.00 in a report on Monday, June 24th. Robert W. Baird decreased their price objective on Carrier Global from $75.00 to $74.00 and set an “outperform” rating for the company in a report on Friday, July 26th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $72.00 target price on shares of Carrier Global in a research note on Friday, July 26th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Carrier Global currently has an average rating of “Hold” and an average target price of $67.08.

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.