Pathway Financial Advisers LLC Purchases Shares of 726 Carrier Global Co. (NYSE:CARR)

Pathway Financial Advisers LLC acquired a new position in shares of Carrier Global Co. (NYSE:CARR) during the 1st quarter, Holdings Channel reports. The firm acquired 726 shares of the company’s stock, valued at approximately $42,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Nordea Investment Management AB lifted its stake in shares of Carrier Global by 5.5% during the 1st quarter. Nordea Investment Management AB now owns 822,954 shares of the company’s stock worth $47,633,000 after buying an additional 43,002 shares during the last quarter. Pinnacle Financial Partners Inc boosted its stake in Carrier Global by 9.0% in the 4th quarter. Pinnacle Financial Partners Inc now owns 5,781 shares of the company’s stock valued at $332,000 after purchasing an additional 476 shares during the period. Andrew Hill Investment Advisors Inc. acquired a new position in Carrier Global in the 4th quarter valued at $2,081,000. Nomura Holdings Inc. bought a new position in Carrier Global during the 4th quarter worth $973,000. Finally, AIA Group Ltd lifted its holdings in shares of Carrier Global by 16.5% during the fourth quarter. AIA Group Ltd now owns 98,959 shares of the company’s stock worth $5,685,000 after buying an additional 14,003 shares in the last quarter. 91.00% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related 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 value of $6,437,191.20. Following the completion of the transaction, the vice president now owns 85,028 shares in the company, valued at approximately $5,560,831.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 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. Also, VP Nadia Villeneuve sold 98,428 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $65.40, for a total value of $6,437,191.20. Following the transaction, the vice president now owns 85,028 shares of the company’s stock, valued at $5,560,831.20. The disclosure for this sale can be found here. Insiders own 6.95% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Barclays upped their price target on shares of Carrier Global from $79.00 to $81.00 and gave the company an “overweight” rating in a research note on Friday, June 14th. Citigroup raised shares of Carrier Global from a “neutral” rating to a “buy” rating and raised their target price for the stock from $65.00 to $74.00 in a report on Monday, June 24th. Wells Fargo & Company boosted their price target on Carrier Global from $59.00 to $66.00 and gave the company an “equal weight” rating in a research note on Friday, April 26th. Robert W. Baird lowered their price objective on Carrier Global from $75.00 to $74.00 and set an “outperform” rating on the stock in a research note on Friday, July 26th. Finally, Bank of America raised Carrier Global from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $55.00 to $72.00 in a report on Monday, July 29th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Carrier Global presently has a consensus rating of “Hold” and an average price target of $66.77.

Carrier Global Price Performance

NYSE:CARR traded down $2.07 during trading hours on Friday, hitting $63.99. The company’s stock had a trading volume of 3,556,949 shares, compared to its average volume of 3,753,714. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.08 and a quick ratio of 0.80. The company has a market capitalization of $57.77 billion, a P/E ratio of 44.75, a PEG ratio of 2.63 and a beta of 1.32. Carrier Global Co. has a twelve month low of $45.68 and a twelve month high of $70.09. The stock has a fifty day simple moving average of $64.64 and a 200-day simple moving average of $60.27.

Carrier Global (NYSE:CARR) last announced its quarterly earnings results on Thursday, July 25th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.02. Carrier Global had a net margin of 14.27% and a return on equity of 23.68%. The company had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.05 billion. During the same period in the previous year, the firm posted $0.79 EPS. The firm’s revenue was up 11.7% on a year-over-year basis. On average, analysts anticipate that Carrier Global Co. will post 2.84 EPS 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 is Friday, June 21st. This represents a $0.76 dividend on an annualized basis and a yield of 1.19%. Carrier Global’s dividend payout ratio is currently 53.15%.

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.