Broderick Brian C Takes $1.19 Million Position in Carrier Global Co. (NYSE:CARR)

Broderick Brian C purchased a new stake in shares of Carrier Global Co. (NYSE:CARR) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,398 shares of the company’s stock, valued at approximately $1,186,000.

Several other large investors have also made changes to their positions in the company. McClarren Financial Advisors Inc. increased its holdings in shares of 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 acquiring an additional 202 shares in the last quarter. DiNuzzo Private Wealth Inc. bought a new stake in shares of Carrier Global in the fourth quarter worth about $25,000. EdgeRock Capital LLC bought a new stake in shares of Carrier Global in the fourth quarter worth about $27,000. VisionPoint Advisory Group LLC bought a new stake in shares of Carrier Global in the third quarter worth about $30,000. Finally, Criterion Capital Advisors LLC bought a new stake in shares of Carrier Global in the fourth quarter worth about $32,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on CARR. TD Cowen increased their price objective on Carrier Global from $66.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, April 29th. Robert W. Baird increased their price target on Carrier Global from $60.00 to $64.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Barclays increased their price target on Carrier Global from $79.00 to $81.00 and gave the company an “overweight” rating in a research report on Friday, June 14th. Oppenheimer increased their price target on Carrier Global from $64.00 to $71.00 and gave the company an “outperform” rating in a research report on Thursday, June 27th. Finally, Wells Fargo & Company increased their price target 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. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $64.14.

Carrier Global Price Performance

Shares of CARR traded up $2.81 during midday trading on Thursday, hitting $66.41. The company’s stock had a trading volume of 4,800,204 shares, compared to its average volume of 4,481,384. Carrier Global Co. has a one year low of $45.68 and a one year high of $66.92. The company’s fifty day simple moving average is $63.98 and its two-hundred day simple moving average is $59.10. 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 stock has a market capitalization of $59.84 billion, a price-to-earnings ratio of 46.44, a price-to-earnings-growth ratio of 2.46 and a beta of 1.32.

Carrier Global (NYSE:CARR) last issued its quarterly earnings results on Thursday, April 25th. The company reported $0.62 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $6.27 billion. As a group, equities analysts expect that Carrier Global Co. will post 2.85 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 8th. Investors of record on Friday, June 21st will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, June 21st. This represents a $0.76 dividend on an annualized basis and a yield of 1.14%. Carrier Global’s dividend payout ratio is currently 53.15%.

Insider Buying and Selling

In other Carrier Global news, CAO Kyle Crockett sold 4,611 shares of Carrier Global stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $66.39, for a total transaction of $306,124.29. Following 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Carrier Global news, VP Nadia Villeneuve sold 98,428 shares of Carrier Global stock in a transaction dated Friday, May 10th. The stock was 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 approximately $5,560,831.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Kyle Crockett sold 4,611 shares of Carrier Global stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $66.39, for a total value of $306,124.29. Following the transaction, the chief accounting officer now directly owns 2,042 shares in the company, valued at $135,568.38. The disclosure for this sale can be found here. Insiders have sold 262,954 shares of company stock worth $16,650,050 in the last 90 days. 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.