Avantax Planning Partners Inc. Has $379,000 Holdings in Carrier Global Co. (NYSE:CARR)

Avantax Planning Partners Inc. increased its holdings in shares of Carrier Global Co. (NYSE:CARR) by 10.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,595 shares of the company’s stock after purchasing an additional 614 shares during the quarter. Avantax Planning Partners Inc.’s holdings in Carrier Global were worth $379,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in CARR. TCW Group Inc. bought a new stake in shares of Carrier Global in the 4th quarter valued at about $775,000. AXS Investments LLC lifted its position in shares of Carrier Global by 10.9% in the fourth quarter. AXS Investments LLC now owns 24,041 shares of the company’s stock valued at $1,381,000 after buying an additional 2,354 shares during the last quarter. Ontario Teachers Pension Plan Board boosted its stake in shares of Carrier Global by 339.2% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 41,976 shares of the company’s stock worth $2,412,000 after acquiring an additional 32,418 shares during the period. Dai ichi Life Insurance Company Ltd raised its stake in Carrier Global by 74.2% in the 4th quarter. Dai ichi Life Insurance Company Ltd now owns 57,824 shares of the company’s stock valued at $3,322,000 after acquiring an additional 24,625 shares during the period. Finally, Aigen Investment Management LP acquired a new stake in Carrier Global during the 4th quarter valued at $1,391,000. Institutional investors own 91.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on CARR shares. Royal Bank of Canada decreased their price target on shares of Carrier Global from $63.00 to $60.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 7th. TD Cowen lifted their price target on Carrier Global from $66.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, April 29th. Barclays upped their price objective on Carrier Global from $78.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Citigroup boosted their target price on shares of Carrier Global from $60.00 to $63.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Finally, Wells Fargo & Company raised their price target on shares of Carrier Global from $59.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Friday, April 26th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Carrier Global currently has an average rating of “Hold” and an average target price of $62.71.

Carrier Global Price Performance

Shares of Carrier Global stock traded up $1.30 during midday trading on Friday, hitting $65.65. 2,161,625 shares of the company traded hands, compared to its average volume of 4,239,807. The firm’s fifty day moving average price is $59.81 and its 200-day moving average price is $56.78. The stock has a market cap of $59.15 billion, a price-to-earnings ratio of 45.91, a PEG ratio of 2.60 and a beta of 1.34. Carrier Global Co. has a 12 month low of $40.49 and a 12 month high of $66.50. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.99 and a current ratio of 1.36.

Carrier Global (NYSE:CARR) last announced 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 during the quarter, compared to analysts’ expectations of $6.27 billion. Carrier Global had a return on equity of 26.01% and a net margin of 5.41%. As a group, sell-side analysts forecast that Carrier Global Co. will post 2.85 earnings per share for the current year.

Carrier Global Dividend Announcement

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

Insider Buying and Selling

In related news, CAO Kyle Crockett sold 4,611 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $66.39, for a total transaction of $306,124.29. Following the completion of the transaction, the chief accounting officer now directly owns 2,042 shares of the company’s stock, valued at approximately $135,568.38. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Carrier Global news, CAO Kyle Crockett sold 4,611 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $66.39, for a total transaction of $306,124.29. Following the completion of the transaction, the chief accounting officer now owns 2,042 shares in the company, valued at approximately $135,568.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jurgen Timperman sold 159,915 shares of the company’s stock in a transaction on Monday, April 29th. The shares were 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 262,954 shares of company stock worth $16,650,050 in the last ninety days. Company insiders own 6.95% of the company’s stock.

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.