FORVIS Wealth Advisors LLC Purchases 18,548 Shares of Carrier Global Co. (NYSE:CARR)

FORVIS Wealth Advisors LLC grew its stake in shares of Carrier Global Co. (NYSE:CARR) by 105.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 36,124 shares of the company’s stock after purchasing an additional 18,548 shares during the period. FORVIS Wealth Advisors LLC’s holdings in Carrier Global were worth $2,100,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Beese Fulmer Investment Management Inc. raised its holdings in shares of Carrier Global by 0.9% during the fourth quarter. Beese Fulmer Investment Management Inc. now owns 19,474 shares of the company’s stock valued at $1,119,000 after purchasing an additional 181 shares during the period. Sunbelt Securities Inc. raised its holdings in shares of Carrier Global by 2.3% in 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 raised its holdings in shares of Carrier Global by 1.9% in the 4th quarter. Graypoint LLC now owns 9,752 shares of the company’s stock worth $560,000 after acquiring an additional 184 shares during the last quarter. Sovereign Financial Group Inc. raised its holdings 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 acquiring an additional 188 shares during the last quarter. Finally, McClarren Financial Advisors Inc. raised its holdings in shares of 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 acquiring an additional 202 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Stock Performance

Carrier Global stock traded down $0.33 during mid-day trading on Friday, reaching $63.13. The company’s stock had a trading volume of 70,722 shares, compared to its average volume of 4,511,523. The firm’s fifty day moving average price is $63.74 and its two-hundred day moving average price is $58.86. The company has a market capitalization of $56.88 billion, a P/E ratio of 44.38, a PEG ratio of 2.47 and a beta of 1.32. 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 12-month low of $45.68 and a 12-month high of $66.50.

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

Carrier Global Dividend Announcement

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 issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date is Friday, June 21st. Carrier Global’s dividend payout ratio is currently 53.15%.

Wall Street Analysts Forecast Growth

CARR has been the subject of several analyst reports. TD Cowen increased their price objective on shares of Carrier Global from $66.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, April 29th. Oppenheimer lifted their price target on shares of Carrier Global from $64.00 to $71.00 and gave the stock an “outperform” rating in a report on Thursday, June 27th. Barclays lifted 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. Robert W. Baird lifted 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. Finally, Wells Fargo & Company lifted 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. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $64.14.

Insider Transactions at Carrier Global

In other 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 filing with the Securities & Exchange Commission, which can be accessed through this link. In other 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Nadia Villeneuve sold 98,428 shares of the business’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $65.40, for a total transaction of $6,437,191.20. Following the completion of the sale, the vice president now directly owns 85,028 shares of the company’s stock, valued at $5,560,831.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 262,954 shares of company stock valued at $16,650,050. 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.