CVA Family Office LLC Purchases 754 Shares of Carrier Global Co. (NYSE:CARR)

CVA Family Office LLC grew its holdings in shares of Carrier Global Co. (NYSE:CARR) by 44.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,450 shares of the company’s stock after purchasing an additional 754 shares during the quarter. CVA Family Office LLC’s holdings in Carrier Global were worth $155,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Olistico Wealth LLC bought a new position in shares of Carrier Global in the second quarter worth $25,000. McClarren Financial Advisors Inc. grew its stake in shares of Carrier Global by 86.7% during the fourth quarter. McClarren Financial Advisors Inc. now owns 435 shares of the company’s stock valued at $25,000 after buying an additional 202 shares during the last quarter. DiNuzzo Private Wealth Inc. purchased a new position in Carrier Global in the 4th quarter worth approximately $25,000. EdgeRock Capital LLC bought a new stake in Carrier Global in the fourth quarter valued at approximately $27,000. Finally, Criterion Capital Advisors LLC purchased a new stake in Carrier Global during the 4th quarter valued at $32,000. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Barclays raised their target price on shares of Carrier Global from $79.00 to $81.00 and gave the stock an “overweight” rating in a research report on Friday, June 14th. Wells Fargo & Company upped 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 note on Friday, April 26th. Oppenheimer decreased their price objective on shares of Carrier Global from $71.00 to $70.00 and set an “outperform” rating for the company in a report on Friday, July 26th. Baird R W upgraded shares of Carrier Global from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 15th. Finally, TD Cowen raised their target price on Carrier Global from $66.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. Two research 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $66.77.

Insider Activity

In related news, 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 transaction of $6,437,191.20. Following the sale, the vice president now 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 available through the SEC website. 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 completion of the sale, the chief accounting officer now owns 2,042 shares of the company’s stock, valued at approximately $135,568.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Nadia Villeneuve sold 98,428 shares of the stock in a transaction that occurred on 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 completion of the transaction, the vice president now owns 85,028 shares in the company, valued at approximately $5,560,831.20. The disclosure for this sale can be found here. Insiders own 6.95% of the company’s stock.

Carrier Global Trading Down 1.6 %

Shares of CARR traded down $1.03 during midday trading on Wednesday, hitting $63.11. The stock had a trading volume of 3,026,270 shares, compared to its average volume of 4,422,978. The stock’s 50 day moving average is $64.59 and its 200 day moving average is $60.43. The firm has a market cap of $56.97 billion, a PE ratio of 45.46, a price-to-earnings-growth ratio of 2.63 and a beta of 1.32. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.08 and a quick ratio of 0.80. Carrier Global Co. has a 1 year low of $45.68 and a 1 year high of $70.09.

Carrier Global (NYSE:CARR) last issued its quarterly earnings results on Thursday, July 25th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.02. Carrier Global had a return on equity of 23.68% and a net margin of 14.27%. The firm had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.05 billion. During the same period in the prior year, the business posted $0.79 earnings per share. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. As a group, analysts forecast 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 paid a $0.19 dividend. The ex-dividend date is Friday, June 21st. This represents a $0.76 annualized dividend and a yield of 1.20%. Carrier Global’s dividend payout ratio (DPR) 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.