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

Benjamin Edwards Inc. boosted its stake in Carrier Global Co. (NYSE:CARR) by 2.4% in the fourth quarter, Holdings Channel reports. The fund owned 25,841 shares of the company’s stock after buying an additional 596 shares during the quarter. Benjamin Edwards Inc.’s holdings in Carrier Global were worth $1,485,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Fisher Asset Management LLC boosted its stake in shares of Carrier Global by 2.3% during the 4th quarter. Fisher Asset Management LLC now owns 13,293,503 shares of the company’s stock valued at $763,712,000 after buying an additional 296,725 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Carrier Global by 3.4% during the 3rd quarter. Northern Trust Corp now owns 8,941,301 shares of the company’s stock valued at $493,560,000 after buying an additional 289,973 shares during the last quarter. FMR LLC boosted its stake in shares of Carrier Global by 18.3% during the 3rd quarter. FMR LLC now owns 6,666,775 shares of the company’s stock valued at $368,006,000 after buying an additional 1,033,484 shares during the last quarter. C WorldWide Group Holding A S purchased a new position in shares of Carrier Global during the 3rd quarter valued at approximately $260,761,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Carrier Global by 12.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,681,849 shares of the company’s stock valued at $258,438,000 after buying an additional 521,189 shares during the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Insider Activity

In other news, VP Kevin J. O’connor sold 26,551 shares of the firm’s stock in a transaction 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 transaction, the vice president now directly owns 66,083 shares of the company’s stock, valued at $3,553,282.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Jurgen Timperman sold 159,915 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $61.95, for a total transaction of $9,906,734.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Kevin J. O’connor sold 26,551 shares of the firm’s stock in a transaction dated 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 transaction, 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. Over the last ninety days, insiders have sold 541,005 shares of company stock valued at $30,536,214. Company insiders own 6.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CARR shares. TD Cowen upped their price target on Carrier Global from $66.00 to $70.00 and gave the company a “buy” rating in a research report on Monday. Barclays upped their price target on Carrier Global from $78.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. Royal Bank of Canada dropped their price target on Carrier Global from $63.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 7th. Wells Fargo & Company upped their price target on Carrier Global from $59.00 to $66.00 and gave the company an “equal weight” rating in a research report on Friday, April 26th. Finally, Oppenheimer upped their price target on Carrier Global from $63.00 to $64.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $62.62.

Carrier Global Stock Performance

NYSE CARR traded down $0.22 during trading hours on Thursday, hitting $60.71. The company had a trading volume of 1,278,128 shares, compared to its average volume of 4,857,092. Carrier Global Co. has a fifty-two week low of $40.28 and a fifty-two week high of $63.79. The company has a quick ratio of 0.99, a current ratio of 1.36 and a debt-to-equity ratio of 1.31. The business has a fifty day simple moving average of $57.02 and a 200-day simple moving average of $54.98. The firm has a market cap of $54.70 billion, a P/E ratio of 42.74, a price-to-earnings-growth ratio of 2.59 and a beta of 1.34.

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. The company had revenue of $6.18 billion for the quarter, compared to analyst estimates of $6.27 billion. Carrier Global had a return on equity of 26.01% and a net margin of 5.41%. Equities analysts predict that Carrier Global Co. will post 2.85 EPS for the current year.

Carrier Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders 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 dividend yield of 1.25%. The ex-dividend date of this dividend is Thursday, May 2nd. Carrier Global’s dividend payout ratio (DPR) is 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.