1,200 Shares in Carrier Global Co. (NYSE:CARR) Purchased by Advantage Trust Co

Advantage Trust Co bought a new stake in shares of Carrier Global Co. (NYSE:CARR) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,200 shares of the company’s stock, valued at approximately $69,000.

Other large investors have also recently made changes to their positions in the company. McClarren Financial Advisors Inc. raised its holdings in Carrier Global by 86.7% in the fourth quarter. McClarren Financial Advisors Inc. now owns 435 shares of the company’s stock worth $25,000 after buying an additional 202 shares during the last quarter. DiNuzzo Private Wealth Inc. purchased a new position in Carrier Global in the 4th quarter worth approximately $25,000. EdgeRock Capital LLC purchased a new stake in Carrier Global during the 4th quarter valued at $27,000. OFI Invest Asset Management bought a new stake in shares of Carrier Global in the 3rd quarter worth $28,000. Finally, Larson Financial Group LLC raised its stake in shares of Carrier Global by 76.2% in the third quarter. Larson Financial Group LLC now owns 511 shares of the company’s stock worth $28,000 after purchasing an additional 221 shares during the last quarter. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Jurgen Timperman sold 159,915 shares of the business’s stock in a transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.95% of the stock is owned by insiders.

Carrier Global Trading Up 1.4 %

Shares of NYSE:CARR traded up $0.92 during trading on Thursday, reaching $65.23. The company’s stock had a trading volume of 2,662,797 shares, compared to its average volume of 4,811,897. The firm’s 50 day simple moving average is $57.90 and its two-hundred day simple moving average is $55.42. The company has a current ratio of 1.36, a quick ratio of 0.99 and a debt-to-equity ratio of 1.31. Carrier Global Co. has a 12 month low of $40.49 and a 12 month high of $65.34. The stock has a market capitalization of $58.77 billion, a PE ratio of 45.62, a price-to-earnings-growth ratio of 2.61 and a beta of 1.34.

Carrier Global (NYSE:CARR) last announced its earnings results on Thursday, April 25th. The company reported $0.62 EPS for the quarter, topping 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 analysts’ expectations of $6.27 billion. On average, research analysts predict that Carrier Global Co. will post 2.85 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Friday, May 3rd will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Thursday, May 2nd. Carrier Global’s dividend payout ratio (DPR) is currently 53.15%.

Analysts Set New Price Targets

CARR has been the topic of several recent analyst reports. Wells Fargo & Company increased their price objective 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. Oppenheimer increased their price objective on shares of Carrier Global from $63.00 to $64.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Royal Bank of Canada cut their target price on shares of Carrier Global from $63.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, February 7th. Citigroup raised their price target on Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Finally, Robert W. Baird upped their price objective on Carrier Global from $60.00 to $64.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Three 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.com, the stock has an average rating of “Hold” and a consensus target price 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.