Carrier Global Co. (NYSE:CARR) Shares Bought by Peddock Capital Advisors LLC

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

Other institutional investors and hedge funds have also modified their holdings of the company. Modera Wealth Management LLC grew its holdings in shares of Carrier Global by 19.4% during the third quarter. Modera Wealth Management LLC now owns 21,099 shares of the company’s stock worth $1,165,000 after buying an additional 3,430 shares in the last quarter. Pinnacle Financial Partners Inc boosted its holdings in shares of Carrier Global by 9.0% during the 4th quarter. Pinnacle Financial Partners Inc now owns 5,781 shares of the company’s stock worth $332,000 after purchasing an additional 476 shares during the last quarter. Andrew Hill Investment Advisors Inc. purchased a new stake in shares of Carrier Global in the fourth quarter valued at approximately $2,081,000. abrdn plc increased its holdings in shares of Carrier Global by 40.6% in the fourth quarter. abrdn plc now owns 751,661 shares of the company’s stock valued at $43,183,000 after purchasing an additional 217,144 shares during the last quarter. Finally, AIA Group Ltd lifted its position in Carrier Global by 16.5% during the fourth quarter. AIA Group Ltd now owns 98,959 shares of the company’s stock worth $5,685,000 after buying an additional 14,003 shares in the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Up 0.3 %

CARR stock traded up $0.20 during midday trading on Tuesday, hitting $64.26. The company’s stock had a trading volume of 4,667,451 shares, compared to its average volume of 4,864,900. Carrier Global Co. has a 52-week low of $40.49 and a 52-week high of $64.69. The firm has a 50-day simple moving average of $57.53 and a 200-day simple moving average of $55.24. 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 firm has a market capitalization of $57.90 billion, a P/E ratio of 44.94, a PEG ratio of 2.61 and a beta of 1.34.

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

Carrier Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors 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 dividend on an annualized basis and a dividend yield of 1.18%. Carrier Global’s payout ratio is 53.15%.

Insider Activity at Carrier Global

In related 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 transaction, the chief executive officer now owns 422,808 shares of the company’s stock, valued at $22,899,281.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Carrier Global news, CEO David L. Gitlin sold 354,539 shares of the 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 transaction, the chief executive officer now directly owns 422,808 shares in the company, valued at $22,899,281.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jurgen Timperman sold 159,915 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $61.95, for a total transaction of $9,906,734.25. The disclosure for this sale can be found here. Insiders have sold a total of 541,005 shares of company stock valued at $30,536,214 over the last 90 days. 6.95% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

CARR has been the subject of a number of recent research reports. Royal Bank of Canada cut their target price 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. Wells Fargo & Company lifted their target price on shares of Carrier Global from $59.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Friday, April 26th. Robert W. Baird increased their price target on shares of Carrier Global from $60.00 to $64.00 and gave the company a “neutral” rating in a research note on Friday. TD Cowen lifted their price target 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. Finally, Barclays upped their price target on Carrier Global from $78.00 to $79.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus 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.