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

LVW Advisors LLC raised its holdings in Carrier Global Co. (NYSE:CARR) by 10.4% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,362 shares of the company’s stock after buying an additional 694 shares during the period. LVW Advisors LLC’s holdings in Carrier Global were worth $428,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Federated Hermes Inc. grew its holdings in Carrier Global by 72.1% during the 3rd quarter. Federated Hermes Inc. now owns 3,899 shares of the company’s stock worth $215,000 after acquiring an additional 1,634 shares in the last quarter. O Shaughnessy Asset Management LLC raised its position in shares of Carrier Global by 46.5% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 30,639 shares of the company’s stock worth $1,691,000 after acquiring an additional 9,719 shares in the last quarter. Bank of Nova Scotia lifted its stake in Carrier Global by 12.8% during the third quarter. Bank of Nova Scotia now owns 89,007 shares of the company’s stock worth $4,913,000 after purchasing an additional 10,114 shares during the last quarter. Teza Capital Management LLC purchased a new position in Carrier Global in the third quarter valued at approximately $462,000. Finally, Gotham Asset Management LLC raised its holdings in Carrier Global by 872.7% during the third quarter. Gotham Asset Management LLC now owns 92,778 shares of the company’s stock worth $5,121,000 after purchasing an additional 83,240 shares in the last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, VP Nadia Villeneuve sold 98,428 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $65.40, for a total value of $6,437,191.20. Following the completion of the transaction, the vice president now directly owns 85,028 shares of the company’s stock, valued at approximately $5,560,831.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related 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 sale, the vice president now directly owns 85,028 shares of the company’s stock, valued at approximately $5,560,831.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Kyle Crockett sold 4,611 shares of Carrier Global stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $66.39, for a total transaction of $306,124.29. Following the transaction, the chief accounting officer now owns 2,042 shares of the company’s stock, valued at approximately $135,568.38. The disclosure for this sale can be found here. In the last three months, insiders sold 262,954 shares of company stock worth $16,650,050. Company insiders own 6.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CARR shares. Robert W. Baird increased their target price on shares of Carrier Global from $60.00 to $64.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Citigroup raised Carrier Global from a “neutral” rating to a “buy” rating and boosted their target price for the company from $65.00 to $74.00 in a report on Monday, June 24th. Barclays raised their price target on Carrier Global from $79.00 to $81.00 and gave the stock an “overweight” rating in a research note on Friday, June 14th. TD Cowen boosted their price objective on Carrier Global from $66.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, April 29th. Finally, Wells Fargo & Company raised their target price 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. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $64.14.

Carrier Global Stock Performance

NYSE CARR opened at $61.90 on Tuesday. The stock has a market capitalization of $55.77 billion, a price-to-earnings ratio of 43.29, a PEG ratio of 2.46 and a beta of 1.33. The business’s 50 day moving average is $63.34 and its two-hundred day moving average is $58.76. Carrier Global Co. has a 12-month low of $45.68 and a 12-month high of $66.50. The company has a current ratio of 1.36, a quick ratio of 0.99 and a debt-to-equity ratio of 1.31.

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

Carrier Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 8th. Shareholders of record on Friday, June 21st will be issued a $0.19 dividend. The ex-dividend date of this dividend is Friday, June 21st. This represents a $0.76 dividend on an annualized basis and a yield of 1.23%. Carrier Global’s dividend payout ratio (DPR) is presently 53.15%.

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.