Peddock Capital Advisors LLC Buys 376 Shares of Carrier Global Co. (NYSE:CARR)

Peddock Capital Advisors LLC increased its stake in shares of Carrier Global Co. (NYSE:CARR) by 7.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 5,506 shares of the company’s stock after buying an additional 376 shares during the period. Peddock Capital Advisors LLC’s holdings in Carrier Global were worth $316,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Raymond James Financial Services Advisors Inc. raised its stake in Carrier Global by 4.2% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 163,655 shares of the company’s stock worth $9,034,000 after purchasing an additional 6,600 shares in the last quarter. Verdence Capital Advisors LLC boosted its stake in shares of Carrier Global by 5.8% in the third quarter. Verdence Capital Advisors LLC now owns 10,401 shares of the company’s stock valued at $574,000 after buying an additional 569 shares during the period. BluePath Capital Management LLC acquired a new stake in Carrier Global during the third quarter worth approximately $35,000. Brighton Jones LLC increased its stake in Carrier Global by 9.1% during the 3rd quarter. Brighton Jones LLC now owns 4,830 shares of the company’s stock worth $267,000 after acquiring an additional 402 shares during the period. Finally, Baystate Wealth Management LLC increased its stake in Carrier Global by 24.6% during the 3rd quarter. Baystate Wealth Management LLC now owns 1,509 shares of the company’s stock worth $83,000 after acquiring an additional 298 shares during the period. Institutional investors and hedge funds own 91.00% of the company’s stock.

Insider Activity at Carrier Global

In related news, CEO David L. Gitlin sold 354,539 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now owns 422,808 shares of the company’s stock, valued at $22,899,281.28. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, VP Kevin J. O’connor sold 26,551 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $53.77, for a total value of $1,427,647.27. Following the transaction, the vice president now owns 66,083 shares of the company’s stock, valued at $3,553,282.91. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 value of $19,201,832.24. Following the transaction, the chief executive officer now owns 422,808 shares in the company, valued at $22,899,281.28. The disclosure for this sale can be found here. In the last three months, insiders have sold 541,005 shares of company stock worth $30,536,214. 6.95% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on CARR shares. TD Cowen raised their target price on shares of Carrier Global from $66.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, April 29th. Citigroup upped their target price on Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Oppenheimer lifted their price target on Carrier Global from $63.00 to $64.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Royal Bank of Canada lowered their price objective on Carrier Global from $63.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, February 7th. Finally, Robert W. Baird raised their price objective on shares of Carrier Global from $60.00 to $64.00 and gave the company a “neutral” rating in a report on Friday. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $62.71.

Carrier Global Stock Performance

NYSE CARR traded up $0.20 during trading hours on Tuesday, reaching $64.26. 4,667,451 shares of the company were exchanged, compared to its average volume of 4,864,900. The stock has a market capitalization of $57.90 billion, a P/E ratio of 44.94, a P/E/G ratio of 2.61 and a beta of 1.34. The company has a quick ratio of 0.99, a current ratio of 1.36 and a debt-to-equity ratio of 1.31. Carrier Global Co. has a 1 year low of $40.49 and a 1 year high of $64.69. The business’s 50 day simple moving average is $57.53 and its 200-day simple moving average is $55.24.

Carrier Global (NYSE:CARR) last issued 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. Carrier Global had a return on equity of 26.01% and a net margin of 5.41%. The firm had revenue of $6.18 billion for the quarter, compared to analysts’ expectations of $6.27 billion. On average, equities research analysts expect that Carrier Global Co. will post 2.85 earnings per share for the current year.

Carrier Global Dividend Announcement

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 given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.18%. The ex-dividend date is Thursday, May 2nd. Carrier Global’s dividend payout ratio (DPR) is presently 53.15%.

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.