Manchester Capital Management LLC Acquires 180 Shares of Carrier Global Co. (NYSE:CARR)

Manchester Capital Management LLC grew its holdings in Carrier Global Co. (NYSE:CARR) by 4.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,385 shares of the company’s stock after acquiring an additional 180 shares during the period. Manchester Capital Management LLC’s holdings in Carrier Global were worth $255,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of CARR. Norges Bank acquired a new position in Carrier Global during the fourth quarter valued at approximately $444,487,000. Capital Research Global Investors raised its holdings in Carrier Global by 3.3% in the 4th quarter. Capital Research Global Investors now owns 92,829,907 shares of the company’s stock worth $5,333,084,000 after acquiring an additional 2,961,923 shares during the period. Bristol Gate Capital Partners Inc. acquired a new position in Carrier Global during the 4th quarter worth $92,651,000. Impax Asset Management Group plc lifted its position in Carrier Global by 47.8% during the 4th quarter. Impax Asset Management Group plc now owns 3,306,877 shares of the company’s stock worth $189,980,000 after acquiring an additional 1,070,036 shares during the last quarter. Finally, PineStone Asset Management Inc. grew its position in shares of Carrier Global by 21.6% in the fourth quarter. PineStone Asset Management Inc. now owns 4,752,550 shares of the company’s stock valued at $273,034,000 after purchasing an additional 845,622 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Wells Fargo & Company increased their target price 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. Citigroup raised shares of Carrier Global from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $65.00 to $74.00 in a research report on Monday, June 24th. Oppenheimer increased their price target on shares of Carrier Global from $64.00 to $71.00 and gave the company an “outperform” rating in a report on Thursday, June 27th. Barclays boosted their price objective on shares of Carrier Global from $79.00 to $81.00 and gave the stock an “overweight” rating in a report on Friday, June 14th. Finally, 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 research note on Monday, April 29th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $64.14.

Carrier Global Price Performance

CARR stock traded up $0.34 during trading on Friday, hitting $66.75. The company had a trading volume of 748,664 shares, compared to its average volume of 4,452,364. The company has a fifty day moving average price of $63.98 and a two-hundred day moving average price of $59.10. Carrier Global Co. has a fifty-two week low of $45.68 and a fifty-two week high of $66.99. The company has a market cap of $60.14 billion, a P/E ratio of 46.44, a P/E/G ratio of 2.48 and a beta of 1.32. The company has a current ratio of 1.36, a quick ratio of 0.99 and a debt-to-equity ratio of 1.31.

Carrier Global (NYSE:CARR) last issued its earnings results on Thursday, April 25th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.50 by $0.12. The company had revenue of $6.18 billion for the quarter, compared to the consensus estimate of $6.27 billion. Carrier Global had a net margin of 5.41% and a return on equity of 26.01%. Equities research analysts expect that Carrier Global Co. will post 2.85 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

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

Insider Activity at Carrier Global

In related news, 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 transaction of $9,906,734.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Jurgen Timperman sold 159,915 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $61.95, for a total transaction of $9,906,734.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Nadia Villeneuve sold 98,428 shares of Carrier Global 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 completion of the transaction, the vice president now directly owns 85,028 shares in the company, valued at approximately $5,560,831.20. The disclosure for this sale can be found here. Insiders sold a total of 262,954 shares of company stock valued at $16,650,050 over the last quarter. Corporate 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.