Brighton Jones LLC Has $295,000 Stock Holdings in Carrier Global Co. (NYSE:CARR)

Brighton Jones LLC grew its stake in shares of Carrier Global Co. (NYSE:CARR) by 6.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,135 shares of the company’s stock after purchasing an additional 305 shares during the period. Brighton Jones LLC’s holdings in Carrier Global were worth $295,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in CARR. Modera Wealth Management LLC grew its position in Carrier Global by 19.4% in the 3rd quarter. Modera Wealth Management LLC now owns 21,099 shares of the company’s stock valued at $1,165,000 after purchasing an additional 3,430 shares during the period. Pinnacle Financial Partners Inc increased its position in shares of Carrier Global by 9.0% during the fourth quarter. Pinnacle Financial Partners Inc now owns 5,781 shares of the company’s stock worth $332,000 after acquiring an additional 476 shares in the last quarter. Andrew Hill Investment Advisors Inc. bought a new stake in shares of Carrier Global during the fourth quarter worth about $2,081,000. abrdn plc lifted its position in Carrier Global by 40.6% in the 4th quarter. abrdn plc now owns 751,661 shares of the company’s stock valued at $43,183,000 after acquiring an additional 217,144 shares in the last quarter. Finally, AIA Group Ltd lifted its position in Carrier Global by 16.5% in the 4th quarter. AIA Group Ltd now owns 98,959 shares of the company’s stock valued at $5,685,000 after acquiring an additional 14,003 shares in the last quarter. Institutional investors own 91.00% of the company’s stock.

Analyst Ratings Changes

CARR has been the subject of several analyst reports. Royal Bank of Canada lowered 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. Oppenheimer raised their price objective on Carrier Global from $63.00 to $64.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Robert W. Baird lifted their price objective on shares of Carrier Global from $60.00 to $64.00 and gave the stock a “neutral” rating in a report on Friday. TD Cowen increased their target price on shares of Carrier Global from $66.00 to $70.00 and gave the company a “buy” rating in a report on Monday, April 29th. Finally, Citigroup boosted their price target on shares of Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Three analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $62.71.

Insider Buying and Selling at Carrier Global

In related news, CEO David L. Gitlin sold 354,539 shares of the company’s 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 sale, the chief executive officer now directly owns 422,808 shares in the company, valued at approximately $22,899,281.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO David L. Gitlin sold 354,539 shares of Carrier Global 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 directly owns 422,808 shares in the company, valued at $22,899,281.28. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Kevin J. O’connor sold 26,551 shares of the stock in a transaction dated Thursday, February 8th. The stock was 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 approximately $3,553,282.91. 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 three months. 6.95% of the stock is currently owned by insiders.

Carrier Global Stock Up 1.9 %

Carrier Global stock opened at $62.09 on Friday. 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 company has a market capitalization of $55.94 billion, a P/E ratio of 43.42, a P/E/G ratio of 2.57 and a beta of 1.34. The firm has a 50 day moving average price of $57.17 and a 200-day moving average price of $55.02. Carrier Global Co. has a twelve month low of $40.28 and a twelve month high of $63.79.

Carrier Global (NYSE:CARR) last announced 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 analyst estimates of $6.27 billion. Carrier Global had a return on equity of 26.01% and a net margin of 5.41%. As a group, equities analysts predict that Carrier Global Co. will post 2.85 EPS for the current 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 paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Thursday, May 2nd. Carrier Global’s dividend payout ratio is currently 53.15%.

Carrier Global Company 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.