Benjamin Edwards Inc. Raises Stock Position in Carrier Global Co. (NYSE:CARR)

Benjamin Edwards Inc. grew its holdings in Carrier Global Co. (NYSE:CARR) by 2.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,841 shares of the company’s stock after buying an additional 596 shares during the period. Benjamin Edwards Inc.’s holdings in Carrier Global were worth $1,485,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Modera Wealth Management LLC grew its stake in shares of Carrier Global by 19.4% in the 3rd quarter. Modera Wealth Management LLC now owns 21,099 shares of the company’s stock worth $1,165,000 after buying an additional 3,430 shares in the last quarter. Pinnacle Financial Partners Inc boosted its stake in shares of Carrier Global by 9.0% during the 4th quarter. Pinnacle Financial Partners Inc now owns 5,781 shares of the company’s stock worth $332,000 after purchasing an additional 476 shares during the period. Andrew Hill Investment Advisors Inc. purchased a new position in shares of Carrier Global during the 4th quarter worth about $2,081,000. abrdn plc boosted its stake in shares of Carrier Global by 40.6% during the 4th quarter. abrdn plc now owns 751,661 shares of the company’s stock worth $43,183,000 after purchasing an additional 217,144 shares during the period. Finally, AIA Group Ltd boosted its stake in shares of Carrier Global by 16.5% during the 4th quarter. AIA Group Ltd now owns 98,959 shares of the company’s stock worth $5,685,000 after purchasing an additional 14,003 shares during the period. 91.00% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CARR. Barclays lifted their price objective on shares of Carrier Global from $78.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Oppenheimer lifted their price objective on shares of Carrier Global from $63.00 to $64.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Royal Bank of Canada decreased their price objective on shares of Carrier Global from $63.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, February 7th. TD Cowen boosted their price target on shares of Carrier Global from $66.00 to $70.00 and gave the company a “buy” rating in a report on Monday. Finally, Citigroup boosted their price target on shares of Carrier Global from $60.00 to $63.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $62.62.

Carrier Global Stock Performance

Shares of CARR stock traded down $0.22 during trading hours on Thursday, hitting $60.71. The company’s stock had a trading volume of 1,278,128 shares, compared to its average volume of 4,857,092. The company has a 50 day moving average of $57.02 and a 200 day moving average of $54.98. The stock has a market cap of $54.70 billion, a PE ratio of 42.74, a price-to-earnings-growth ratio of 2.59 and a beta of 1.34. 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 Co. has a 12-month low of $40.28 and a 12-month high of $63.79.

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

Carrier Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Friday, May 3rd will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Thursday, May 2nd. Carrier Global’s dividend payout ratio (DPR) is presently 53.15%.

Insiders Place Their Bets

In other Carrier Global news, VP Kevin J. O’connor sold 26,551 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $53.77, for a total transaction of $1,427,647.27. Following the completion of the transaction, the vice president now directly owns 66,083 shares in the company, valued at $3,553,282.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Carrier Global news, VP Kevin J. O’connor sold 26,551 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $53.77, for a total transaction of $1,427,647.27. Following the completion of the transaction, the vice president now directly owns 66,083 shares in the company, valued at $3,553,282.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jurgen Timperman sold 159,915 shares of the company’s stock in a transaction on Monday, April 29th. The stock was 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. Over the last ninety days, insiders sold 541,005 shares of company stock worth $30,536,214. Company insiders own 6.95% of the company’s stock.

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.