476 Shares in Carrier Global Co. (NYSE:CARR) Purchased by EdgeRock Capital LLC

EdgeRock Capital LLC bought a new position in shares of Carrier Global Co. (NYSE:CARR) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 476 shares of the company’s stock, valued at approximately $27,000.

Other hedge funds have also recently added to or reduced their stakes in the company. McClarren Financial Advisors Inc. grew its holdings in Carrier Global by 86.7% during 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. DiNuzzo Private Wealth Inc. bought a new stake in Carrier Global during the 4th quarter worth about $25,000. OFI Invest Asset Management bought a new stake in Carrier Global during the 3rd quarter worth about $28,000. Larson Financial Group LLC grew its holdings in Carrier Global by 76.2% during the 3rd quarter. Larson Financial Group LLC now owns 511 shares of the company’s stock worth $28,000 after acquiring an additional 221 shares during the last quarter. Finally, VisionPoint Advisory Group LLC bought a new stake in Carrier Global during the 3rd quarter worth about $30,000. Institutional investors own 91.00% of the company’s stock.

Carrier Global Trading Up 0.1 %

Carrier Global stock traded up $0.06 during midday trading on Wednesday, hitting $64.32. 2,296,825 shares of the stock were exchanged, compared to its average volume of 4,836,045. The company has a fifty day simple moving average of $57.71 and a two-hundred day simple moving average of $55.36. Carrier Global Co. has a 52 week low of $40.49 and a 52 week high of $64.69. The stock has a market capitalization of $57.95 billion, a PE ratio of 44.97, 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 (NYSE:CARR) last announced its earnings results on Thursday, April 25th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.50 by $0.12. The firm had revenue of $6.18 billion for the quarter, compared to the consensus estimate of $6.27 billion. Carrier Global had a net margin of 5.41% and a return on equity of 26.01%. Equities research analysts anticipate that Carrier Global Co. will post 2.85 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Friday, May 3rd will be issued a dividend of $0.19 per share. The ex-dividend date is Thursday, May 2nd. This represents a $0.76 annualized dividend and a yield of 1.18%. Carrier Global’s dividend payout ratio (DPR) is currently 53.15%.

Insiders Place Their Bets

In other news, CEO David L. Gitlin sold 354,539 shares of Carrier Global stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 422,808 shares in the company, valued at $22,899,281.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP Kevin J. O’connor sold 26,551 shares of Carrier Global stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $53.77, for a total value of $1,427,647.27. Following the sale, the vice president now directly owns 66,083 shares in the company, valued at $3,553,282.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David L. Gitlin sold 354,539 shares of Carrier Global 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 sale, 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. Company insiders own 6.95% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on CARR. Royal Bank of Canada decreased their price objective 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. Citigroup raised their target price on shares of Carrier Global from $60.00 to $63.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Barclays raised their target price on shares of Carrier Global from $78.00 to $79.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. 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 note on Monday, April 29th. Finally, Wells Fargo & Company raised their target price on shares of Carrier Global from $59.00 to $66.00 and gave the company an “equal weight” rating in a research note on Friday, April 26th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $62.71.

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.