McClarren Financial Advisors Inc. Acquires 310 Shares of Carrier Global Co. (NYSE:CARR)

McClarren Financial Advisors Inc. increased its holdings in Carrier Global Co. (NYSE:CARR) by 246.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 436 shares of the company’s stock after purchasing an additional 310 shares during the quarter. McClarren Financial Advisors Inc.’s holdings in Carrier Global were worth $35,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in CARR. Marathon Capital Management increased its holdings in shares of Carrier Global by 4.1% in the second quarter. Marathon Capital Management now owns 3,923 shares of the company’s stock worth $247,000 after buying an additional 156 shares during the period. Savant Capital LLC grew its position in Carrier Global by 0.5% during the 2nd quarter. Savant Capital LLC now owns 32,408 shares of the company’s stock worth $2,044,000 after acquiring an additional 162 shares during the last quarter. Founders Capital Management LLC increased its stake in shares of Carrier Global by 3.4% in the second quarter. Founders Capital Management LLC now owns 5,250 shares of the company’s stock worth $331,000 after buying an additional 175 shares during the period. Valeo Financial Advisors LLC increased its position in shares of Carrier Global by 1.5% in the third quarter. Valeo Financial Advisors LLC now owns 12,244 shares of the company’s stock valued at $986,000 after acquiring an additional 179 shares during the period. Finally, Manchester Capital Management LLC raised its position in Carrier Global by 4.3% during the 1st quarter. Manchester Capital Management LLC now owns 4,385 shares of the company’s stock valued at $255,000 after purchasing an additional 180 shares during the last quarter. 91.00% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CARR has been the subject of several research analyst reports. Stephens cut shares of Carrier Global from an “overweight” rating to an “equal weight” rating and raised their target price for the stock from $75.00 to $85.00 in a research report on Wednesday, October 16th. JPMorgan Chase & Co. assumed coverage on Carrier Global in a report on Thursday, October 10th. They set a “neutral” rating and a $83.00 price target for the company. Citigroup raised Carrier Global from a “neutral” rating to a “buy” rating and upped their price objective for the company from $65.00 to $74.00 in a research report on Monday, June 24th. Mizuho lifted their price target on shares of Carrier Global from $65.00 to $78.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Wolfe Research upgraded Carrier Global from an “underperform” rating to a “peer perform” rating in a research report on Friday, September 6th. Seven analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $80.67.

Carrier Global Trading Up 0.1 %

Shares of CARR stock opened at $81.55 on Monday. The stock has a fifty day simple moving average of $75.32 and a two-hundred day simple moving average of $67.30. Carrier Global Co. has a 52-week low of $45.68 and a 52-week high of $83.32. The firm has a market capitalization of $73.48 billion, a PE ratio of 57.03, a PEG ratio of 2.94 and a beta of 1.32. 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 posted its quarterly 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 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.79 EPS. On average, analysts predict 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 Monday, November 18th. Shareholders of record on Friday, October 25th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Friday, October 25th. This represents a $0.76 dividend on an annualized basis and a yield of 0.93%. Carrier Global’s dividend payout ratio is currently 53.15%.

Insiders Place Their Bets

In related news, VP Ajay Agrawal sold 62,382 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $64.55, for a total value of $4,026,758.10. Following the sale, the vice president now directly owns 103,066 shares in the company, valued at approximately $6,652,910.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 6.95% of the company’s stock.

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.