Richard Bernstein Advisors LLC Invests $3.64 Million in Carrier Global Co. (NYSE:CARR)

Richard Bernstein Advisors LLC acquired a new position in Carrier Global Co. (NYSE:CARRFree Report) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 65,977 shares of the company’s stock, valued at approximately $3,642,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Knuff & Co LLC bought a new position in Carrier Global in the 2nd quarter valued at about $25,000. Larson Financial Group LLC grew its holdings in shares of Carrier Global by 76.2% during the 3rd quarter. Larson Financial Group LLC now owns 511 shares of the company’s stock valued at $28,000 after purchasing an additional 221 shares during the last quarter. OFI Invest Asset Management bought a new stake in shares of Carrier Global during the 3rd quarter valued at approximately $28,000. Avalon Trust Co bought a new stake in shares of Carrier Global during the 2nd quarter valued at approximately $27,000. Finally, Covestor Ltd grew its holdings in shares of Carrier Global by 121.2% during the 1st quarter. Covestor Ltd now owns 553 shares of the company’s stock valued at $25,000 after purchasing an additional 303 shares during the last quarter. Institutional investors and hedge funds own 91.47% of the company’s stock.

Insider Buying and Selling at Carrier Global

In other news, VP Ajay Agrawal sold 16,500 shares of the company’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $57.99, for a total value of $956,835.00. Following the completion of the sale, the vice president now owns 89,920 shares in the company, valued at approximately $5,214,460.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, VP Ajay Agrawal sold 16,500 shares of the stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $57.99, for a total transaction of $956,835.00. Following the completion of the transaction, the vice president now owns 89,920 shares in the company, valued at $5,214,460.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO David L. Gitlin sold 354,539 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $54.16, for a total transaction of $19,201,832.24. Following the transaction, the chief executive officer now owns 422,808 shares of the company’s stock, valued at approximately $22,899,281.28. The disclosure for this sale can be found here. In the last 90 days, insiders sold 397,590 shares of company stock worth $21,586,315. 0.38% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on CARR shares. Citigroup lifted their price target on shares of Carrier Global from $52.00 to $56.00 and gave the company a “neutral” rating in a report on Monday, December 11th. Wells Fargo & Company reduced their target price on shares of Carrier Global from $63.00 to $57.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 7th. Finally, Royal Bank of Canada reduced their target price on shares of Carrier Global from $63.00 to $60.00 and set an “outperform” rating on the stock in a report on Wednesday, February 7th. Three analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Carrier Global has an average rating of “Hold” and a consensus target price of $58.29.

Get Our Latest Stock Report on CARR

Carrier Global Stock Up 1.1 %

Shares of Carrier Global stock traded up $0.62 during trading on Thursday, reaching $55.38. 1,330,677 shares of the company traded hands, compared to its average volume of 4,161,204. The company has a debt-to-equity ratio of 1.58, a current ratio of 2.73 and a quick ratio of 2.40. Carrier Global Co. has a 1-year low of $40.28 and a 1-year high of $60.04. The company has a 50 day moving average price of $55.70 and a 200-day moving average price of $54.28. The firm has a market capitalization of $49.75 billion, a PE ratio of 34.66, a P/E/G ratio of 2.31 and a beta of 1.42.

Carrier Global (NYSE:CARRGet Free Report) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.02. The business had revenue of $5.10 billion during the quarter, compared to analyst estimates of $5.22 billion. Carrier Global had a net margin of 6.10% and a return on equity of 27.19%. Carrier Global’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.40 EPS. As a group, equities research analysts expect that Carrier Global Co. will post 2.81 earnings per share for the current fiscal year.

Carrier Global Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 9th. Shareholders of record on Thursday, December 21st were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date was Wednesday, December 20th. This is a positive change from Carrier Global’s previous quarterly dividend of $0.19. Carrier Global’s payout ratio is 48.10%.

Carrier Global Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Carrier Global (NYSE:CARR)

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