Level Four Advisory Services LLC Increases Position in Carrier Global Co. (NYSE:CARR)

Level Four Advisory Services LLC raised its holdings in shares of Carrier Global Co. (NYSE:CARR) by 6.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,061 shares of the company’s stock after purchasing an additional 312 shares during the period. Level Four Advisory Services LLC’s holdings in Carrier Global were worth $291,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in CARR. Fisher Asset Management LLC boosted its holdings in Carrier Global by 2.3% in the fourth quarter. Fisher Asset Management LLC now owns 13,293,503 shares of the company’s stock worth $763,712,000 after acquiring an additional 296,725 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Carrier Global by 3.4% during the third 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 grew its holdings in shares of Carrier Global by 18.3% during the third 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. JPMorgan Chase & Co. raised its holdings in Carrier Global by 12.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,681,849 shares of the company’s stock worth $258,438,000 after acquiring an additional 521,189 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Carrier Global by 1.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,628,389 shares of the company’s stock valued at $265,901,000 after acquiring an additional 52,212 shares in the last quarter. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Wells Fargo & Company lifted their price objective on Carrier Global from $59.00 to $66.00 and gave the stock an “equal weight” rating in a report on Friday, April 26th. Robert W. Baird raised their target price on shares of Carrier Global from $60.00 to $64.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. TD Cowen boosted their target price on shares of Carrier Global from $66.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, April 29th. Citigroup lifted their price objective on Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Finally, Barclays increased their target price on Carrier Global from $78.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $62.71.

Carrier Global Price Performance

Carrier Global stock opened at $65.36 on Thursday. Carrier Global Co. has a 52-week low of $40.49 and a 52-week high of $66.50. The company has a market cap of $58.89 billion, a price-to-earnings ratio of 45.71, a PEG ratio of 2.78 and a beta of 1.34. The firm’s fifty day moving average is $59.49 and its 200 day moving average is $56.62. The company has a quick ratio of 0.99, a current ratio of 1.36 and a debt-to-equity ratio of 1.31.

Carrier Global (NYSE:CARR) last released its quarterly earnings results on Thursday, April 25th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.50 by $0.12. Carrier Global had a return on equity of 26.01% and a net margin of 5.41%. The company had revenue of $6.18 billion during the quarter, compared to analyst estimates of $6.27 billion. Sell-side analysts forecast that Carrier Global Co. will post 2.84 EPS for the current fiscal year.

Carrier Global Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Friday, May 3rd were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Thursday, May 2nd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.16%. Carrier Global’s dividend payout ratio is 53.15%.

Insider Transactions at Carrier Global

In other Carrier Global news, insider Jurgen Timperman sold 159,915 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $61.95, for a total value of $9,906,734.25. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, VP Nadia Villeneuve sold 98,428 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $65.40, for a total transaction of $6,437,191.20. Following the transaction, the vice president now directly owns 85,028 shares of the company’s stock, valued at $5,560,831.20. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jurgen Timperman sold 159,915 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $61.95, for a total value of $9,906,734.25. The disclosure for this sale can be found here. Company insiders own 6.95% of the company’s stock.

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.