Carrier Global Co. (NYSE:CARR) Shares Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lifted its holdings in shares of Carrier Global Co. (NYSE:CARR) by 0.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 238,013 shares of the company’s stock after purchasing an additional 200 shares during the period. Nisa Investment Advisors LLC’s holdings in Carrier Global were worth $15,059,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Avior Wealth Management LLC boosted its position in shares of Carrier Global by 30.0% in the fourth quarter. Avior Wealth Management LLC now owns 1,278 shares of the company’s stock worth $73,000 after acquiring an additional 295 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in Carrier Global by 6.4% during the 4th quarter. Daiwa Securities Group Inc. now owns 75,197 shares of the company’s stock worth $4,320,000 after buying an additional 4,512 shares during the period. Federated Hermes Inc. lifted its holdings in Carrier Global by 16.4% in the 4th quarter. Federated Hermes Inc. now owns 4,537 shares of the company’s stock worth $261,000 after buying an additional 638 shares in the last quarter. J.W. Cole Advisors Inc. boosted its position in Carrier Global by 19.0% in the 4th quarter. J.W. Cole Advisors Inc. now owns 11,862 shares of the company’s stock valued at $681,000 after buying an additional 1,897 shares during the last quarter. Finally, abrdn plc boosted its position in Carrier Global by 40.6% in the 4th quarter. abrdn plc now owns 751,661 shares of the company’s stock valued at $43,183,000 after buying an additional 217,144 shares during the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Analyst Upgrades and Downgrades

CARR has been the subject of a number of recent analyst reports. Oppenheimer raised their price target on shares of Carrier Global from $70.00 to $74.00 and gave the stock an “outperform” rating in a research report on Friday. Baird R W upgraded shares of Carrier Global from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 15th. Robert W. Baird lowered 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 report on Friday, July 26th. 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 research note on Friday, April 26th. Finally, Barclays boosted their price objective on Carrier Global from $79.00 to $81.00 and gave the company an “overweight” rating in a research report on Friday, June 14th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Carrier Global currently has a consensus rating of “Hold” and a consensus target price of $67.08.

Carrier Global Trading Up 1.9 %

Carrier Global stock 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 stock has a market capitalization of $61.85 billion, a PE ratio of 48.00, a price-to-earnings-growth ratio of 2.63 and a beta of 1.32. The firm has a 50 day simple moving average of $65.14 and a 200-day simple moving average of $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 issued its quarterly earnings results on Thursday, July 25th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02. Carrier Global had a return on equity of 23.68% and a net margin of 14.27%. The firm had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.05 billion. During the same period last year, the company posted $0.79 EPS. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. As a group, equities research analysts expect that Carrier Global Co. will post 2.84 EPS for the current fiscal year.

Carrier Global Dividend Announcement

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

Insider Buying and Selling at Carrier Global

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 owns 103,066 shares of the company’s stock, valued at approximately $6,652,910.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.95% of the stock is owned by corporate insiders.

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.