EP Wealth Advisors LLC Acquires 407 Shares of Carrier Global Co. (NYSE:CARR)

EP Wealth Advisors LLC increased its holdings in Carrier Global Co. (NYSE:CARR) by 4.1% during the 4th quarter, HoldingsChannel reports. The firm owned 10,422 shares of the company’s stock after buying an additional 407 shares during the period. EP Wealth Advisors LLC’s holdings in Carrier Global were worth $599,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. McClarren Financial Advisors Inc. increased its position in Carrier Global by 86.7% during 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 last quarter. DiNuzzo Private Wealth Inc. bought a new position in Carrier Global during the fourth quarter valued at $25,000. EdgeRock Capital LLC bought a new position in Carrier Global during the fourth quarter valued at $27,000. VisionPoint Advisory Group LLC bought a new position in Carrier Global during the third quarter valued at $30,000. Finally, Criterion Capital Advisors LLC bought a new position in Carrier Global during the fourth quarter valued at $32,000. Institutional investors own 91.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. TD Cowen boosted their price objective on shares of Carrier Global from $66.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, April 29th. Oppenheimer upped their price target on shares of Carrier Global from $63.00 to $64.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Robert W. Baird upped their price target on shares of Carrier Global from $60.00 to $64.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. 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 report on Friday, April 26th. Finally, Barclays upped their price target on shares of Carrier Global from $79.00 to $81.00 and gave the stock an “overweight” rating in a report on Friday, June 14th. Three investment 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 data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $62.86.

Carrier Global Stock Up 0.9 %

Shares of Carrier Global stock opened at $65.73 on Wednesday. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.36 and a quick ratio of 0.99. Carrier Global Co. has a 1 year low of $45.68 and a 1 year high of $66.50. The firm’s 50-day moving average is $61.80 and its two-hundred day moving average is $58.20. The stock has a market cap of $59.22 billion, a price-to-earnings ratio of 45.97, a PEG ratio of 2.60 and a beta of 1.33.

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

Carrier Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 8th. Stockholders 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 dividend yield of 1.16%. The ex-dividend date of this dividend is Friday, June 21st. Carrier Global’s dividend payout ratio is currently 53.15%.

Insider Activity

In other news, VP Nadia Villeneuve sold 98,428 shares of the firm’s 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 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP Nadia Villeneuve sold 98,428 shares of the firm’s 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 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jurgen Timperman sold 159,915 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were 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 ninety days, insiders have sold 262,954 shares of company stock worth $16,650,050. Corporate insiders own 6.95% of the company’s stock.

About Carrier Global

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.