Kestra Private Wealth Services LLC Raises Holdings in Carrier Global Co. (NYSE:CARR)

Kestra Private Wealth Services LLC lifted its holdings in shares of Carrier Global Co. (NYSE:CARR) by 8.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,391 shares of the company’s stock after purchasing an additional 1,469 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Carrier Global were worth $1,114,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Choreo LLC lifted its holdings in shares of Carrier Global by 21.4% in the 4th quarter. Choreo LLC now owns 21,314 shares of the company’s stock worth $1,224,000 after acquiring an additional 3,758 shares during the last quarter. Mather Group LLC. grew its position in Carrier Global by 4.0% in the 4th quarter. Mather Group LLC. now owns 7,660 shares of the company’s stock valued at $440,000 after acquiring an additional 297 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Carrier Global by 1.2% during the fourth quarter. Russell Investments Group Ltd. now owns 1,489,686 shares of the company’s stock worth $85,624,000 after purchasing an additional 16,950 shares during the period. Addison Advisors LLC lifted its position in shares of Carrier Global by 60.1% during the fourth quarter. Addison Advisors LLC now owns 3,299 shares of the company’s stock worth $190,000 after purchasing an additional 1,238 shares in the last quarter. Finally, Citizens Financial Group Inc. RI boosted its stake in shares of Carrier Global by 53.9% in the fourth quarter. Citizens Financial Group Inc. RI now owns 8,931 shares of the company’s stock valued at $513,000 after purchasing an additional 3,126 shares during the period. 91.00% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CARR. Barclays upped their target price on shares of Carrier Global from $78.00 to $79.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. TD Cowen lifted their target price on Carrier Global from $66.00 to $70.00 and gave the company a “buy” rating in a report on Monday, April 29th. Robert W. Baird upped their price target on Carrier Global from $60.00 to $64.00 and gave the stock a “neutral” rating in a report on Friday. Royal Bank of Canada decreased 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, Oppenheimer raised their target price 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. Three research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $62.71.

Insider Activity at Carrier Global

In other news, VP Kevin J. O’connor sold 26,551 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $53.77, for a total transaction of $1,427,647.27. Following the completion of the sale, the vice president now 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 available through the SEC website. In other Carrier Global news, CEO David L. Gitlin sold 354,539 shares of the stock in a transaction on 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 transaction, the chief executive officer now owns 422,808 shares in the company, valued at $22,899,281.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Kevin J. O’connor sold 26,551 shares of the firm’s stock in a transaction 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 completion of the sale, the vice president now directly owns 66,083 shares of the company’s stock, valued at approximately $3,553,282.91. The disclosure for this sale can be found here. Insiders have sold 541,005 shares of company stock worth $30,536,214 in the last quarter. Company insiders own 6.95% of the company’s stock.

Carrier Global Stock Up 1.9 %

CARR opened at $62.09 on Friday. The stock has a market capitalization of $55.94 billion, a P/E ratio of 43.42, a price-to-earnings-growth ratio of 2.57 and a beta of 1.34. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.99 and a current ratio of 1.36. Carrier Global Co. has a one year low of $40.28 and a one year high of $63.79. The business’s 50-day simple moving average is $57.17 and its 200-day simple moving average is $55.02.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data on Thursday, April 25th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.12. The business had revenue of $6.18 billion during the quarter, compared to the consensus estimate of $6.27 billion. Carrier Global had a return on equity of 26.01% and a net margin of 5.41%. Analysts anticipate that Carrier Global Co. will post 2.85 EPS for the current year.

Carrier Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Friday, May 3rd will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $0.76 annualized dividend and a dividend yield of 1.22%. Carrier Global’s dividend payout ratio (DPR) is 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.