Everett Harris & Co. CA Grows Stock Holdings in Carrier Global Co. (NYSE:CARR)

Everett Harris & Co. CA boosted its stake in Carrier Global Co. (NYSE:CARR) by 25.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,538 shares of the company’s stock after purchasing an additional 2,583 shares during the period. Everett Harris & Co. CA’s holdings in Carrier Global were worth $729,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Beese Fulmer Investment Management Inc. boosted its holdings in shares of Carrier Global by 0.9% in the fourth quarter. Beese Fulmer Investment Management Inc. now owns 19,474 shares of the company’s stock worth $1,119,000 after buying an additional 181 shares during the last quarter. Sunbelt Securities Inc. boosted its stake in shares of Carrier Global by 2.3% during the 1st quarter. Sunbelt Securities Inc. now owns 8,033 shares of the company’s stock worth $467,000 after acquiring an additional 182 shares during the last quarter. Graypoint LLC grew its position in shares of Carrier Global by 1.9% during the 4th quarter. Graypoint LLC now owns 9,752 shares of the company’s stock valued at $560,000 after acquiring an additional 184 shares during the period. Sovereign Financial Group Inc. increased its stake in shares of Carrier Global by 4.7% in the 4th quarter. Sovereign Financial Group Inc. now owns 4,224 shares of the company’s stock worth $243,000 after purchasing an additional 188 shares in the last quarter. Finally, McClarren Financial Advisors Inc. raised its holdings in Carrier Global by 86.7% in the 4th quarter. McClarren Financial Advisors Inc. now owns 435 shares of the company’s stock worth $25,000 after purchasing an additional 202 shares during the period. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Carrier Global Trading Up 0.1 %

Shares of CARR opened at $63.52 on Friday. The stock has a market capitalization of $57.23 billion, a PE ratio of 44.38, a P/E/G ratio of 2.47 and a beta of 1.32. The company’s fifty day moving average is $63.74 and its 200 day moving average is $58.86. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.99 and a current ratio of 1.36. Carrier Global Co. has a fifty-two week low of $45.68 and a fifty-two week high of $66.50.

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

Carrier Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 8th. Stockholders of record on Friday, June 21st will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Friday, June 21st. Carrier Global’s payout ratio is 53.15%.

Insider Transactions at Carrier Global

In other Carrier Global news, insider Jurgen Timperman sold 159,915 shares of Carrier Global stock in a transaction on Monday, April 29th. The shares were sold at an average price of $61.95, for a total transaction of $9,906,734.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CAO Kyle Crockett sold 4,611 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $66.39, for a total value of $306,124.29. Following the sale, the chief accounting officer now directly owns 2,042 shares in the company, valued at $135,568.38. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Jurgen Timperman sold 159,915 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $61.95, for a total value of $9,906,734.25. The disclosure for this sale can be found here. In the last 90 days, insiders sold 262,954 shares of company stock worth $16,650,050. 6.95% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

CARR has been the subject of a number of recent research reports. Oppenheimer boosted their price objective on Carrier Global from $64.00 to $71.00 and gave the company an “outperform” rating in a research note on Thursday, June 27th. Citigroup raised Carrier Global from a “neutral” rating to a “buy” rating and raised their price target for the company from $65.00 to $74.00 in a report on Monday, June 24th. TD Cowen upped their price objective on Carrier Global from $66.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, April 29th. Barclays lifted their target price on Carrier Global from $79.00 to $81.00 and gave the company an “overweight” rating in a research note on Friday, June 14th. Finally, Wells Fargo & Company boosted their price target on Carrier Global from $59.00 to $66.00 and gave the stock an “equal weight” rating in a report on Friday, April 26th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Carrier Global currently has an average rating of “Hold” and an average price target of $64.14.

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.