Carrier Global Co. (NYSE:CARR) Shares Acquired by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. grew its holdings in shares of Carrier Global Co. (NYSE:CARR) by 794.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 517,860 shares of the company’s stock after buying an additional 459,933 shares during the quarter. Benjamin F. Edwards & Company Inc. owned 0.06% of Carrier Global worth $29,751,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Mission Wealth Management LP bought a new position in shares of Carrier Global during the third quarter worth about $326,000. Raymond James & Associates lifted its stake in Carrier Global by 13.5% during the third quarter. Raymond James & Associates now owns 1,887,818 shares of the company’s stock valued at $104,207,000 after buying an additional 224,788 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in Carrier Global by 4.2% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 163,655 shares of the company’s stock valued at $9,034,000 after buying an additional 6,600 shares in the last quarter. Stratos Wealth Partners LTD. lifted its position in shares of Carrier Global by 8.4% in the third quarter. Stratos Wealth Partners LTD. now owns 66,227 shares of the company’s stock worth $3,656,000 after purchasing an additional 5,119 shares in the last quarter. Finally, Eudaimonia Partners LLC acquired a new position in Carrier Global in the third quarter worth approximately $212,000. 91.00% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO David L. Gitlin sold 354,539 shares of the company’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $54.16, for a total value of $19,201,832.24. Following the completion of the sale, the chief executive officer now directly owns 422,808 shares of the company’s stock, valued at approximately $22,899,281.28. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO David L. Gitlin sold 354,539 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $54.16, for a total transaction of $19,201,832.24. Following the completion of the sale, the chief executive officer now directly owns 422,808 shares of the company’s stock, valued at approximately $22,899,281.28. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jurgen Timperman sold 159,915 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was 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. Insiders sold a total of 541,005 shares of company stock valued at $30,536,214 in the last ninety days. 6.95% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on CARR. Royal Bank of Canada lowered their price target on Carrier Global from $63.00 to $60.00 and set an “outperform” rating on the stock in a report on Wednesday, February 7th. Barclays raised their target price on Carrier Global from $78.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Oppenheimer raised their target price on Carrier Global from $63.00 to $64.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Citigroup raised their target price on Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Finally, TD Cowen raised their target price on Carrier Global from $66.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $62.62.

Carrier Global Price Performance

NYSE CARR traded down $0.18 on Thursday, hitting $60.94. 3,608,161 shares of the company were exchanged, compared to its average volume of 4,885,140. 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 1-year low of $40.28 and a 1-year high of $63.79. The company has a market cap of $54.91 billion, a P/E ratio of 42.74, a P/E/G ratio of 2.59 and a beta of 1.34. The firm has a 50 day moving average of $57.02 and a two-hundred day moving average of $54.98.

Carrier Global (NYSE:CARR) last released its earnings results on Thursday, April 25th. The company reported $0.62 earnings per share (EPS) for the quarter, beating 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 company had revenue of $6.18 billion for the quarter, compared to the consensus estimate of $6.27 billion. On average, equities analysts predict that Carrier Global Co. will post 2.85 EPS for the current year.

Carrier Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Friday, May 3rd will be paid a $0.19 dividend. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.25%. 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.