Hall Laurie J Trustee Acquires 275 Shares of Carrier Global Co. (NYSE:CARR)

Hall Laurie J Trustee increased its holdings in shares of Carrier Global Co. (NYSE:CARR) by 0.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 99,740 shares of the company’s stock after acquiring an additional 275 shares during the quarter. Carrier Global makes up about 2.2% of Hall Laurie J Trustee’s holdings, making the stock its 11th largest position. Hall Laurie J Trustee’s holdings in Carrier Global were worth $6,292,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Avior Wealth Management LLC grew its holdings in Carrier Global by 30.0% during the fourth quarter. Avior Wealth Management LLC now owns 1,278 shares of the company’s stock valued at $73,000 after purchasing an additional 295 shares during the period. Daiwa Securities Group Inc. increased its holdings in Carrier Global by 6.4% in the 4th quarter. Daiwa Securities Group Inc. now owns 75,197 shares of the company’s stock worth $4,320,000 after acquiring an additional 4,512 shares during the last quarter. Federated Hermes Inc. raised its stake in Carrier Global by 16.4% in the 4th quarter. Federated Hermes Inc. now owns 4,537 shares of the company’s stock valued at $261,000 after acquiring an additional 638 shares during the period. J.W. Cole Advisors Inc. lifted its holdings in Carrier Global by 19.0% during the fourth quarter. J.W. Cole Advisors Inc. now owns 11,862 shares of the company’s stock valued at $681,000 after purchasing an additional 1,897 shares during the last quarter. Finally, abrdn plc boosted its position in Carrier Global by 40.6% during the fourth quarter. abrdn plc now owns 751,661 shares of the company’s stock worth $43,183,000 after purchasing an additional 217,144 shares during the period. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CARR shares. Wells Fargo & Company boosted their target price on shares of Carrier Global from $59.00 to $66.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. TD Cowen boosted their price target on shares of Carrier Global from $66.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, April 29th. 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 research note on Monday, July 29th. Oppenheimer lifted their price target on Carrier Global from $70.00 to $74.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Robert W. Baird decreased their price objective on shares of Carrier Global from $75.00 to $74.00 and set an “outperform” rating on the stock in a research report on Friday, July 26th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $67.08.

Insiders Place Their Bets

In other news, VP Ajay Agrawal sold 62,382 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $64.55, for a total value of $4,026,758.10. Following the sale, the vice president now directly owns 103,066 shares of the company’s stock, valued at approximately $6,652,910.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 6.95% of the company’s stock.

Carrier Global Trading Down 0.1 %

Shares of NYSE CARR traded down $0.07 during midday trading on Tuesday, reaching $68.57. The company had a trading volume of 2,136,487 shares, compared to its average volume of 4,340,493. The stock has a market cap of $61.78 billion, a PE ratio of 47.95, a price-to-earnings-growth ratio of 2.63 and a beta of 1.32. Carrier Global Co. has a one year low of $45.68 and a one year high of $70.09. The firm’s fifty day moving average price is $65.28 and its 200-day moving average price is $61.14. The company has a quick ratio of 0.80, a current ratio of 1.08 and a debt-to-equity ratio of 0.80.

Carrier Global (NYSE:CARR) last released its quarterly earnings data on Thursday, July 25th. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $7.05 billion. During the same quarter in the prior year, the firm posted $0.79 earnings per share. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. On average, equities research analysts anticipate that Carrier Global Co. will post 2.84 earnings per share for the current year.

Carrier Global Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 8th. Investors of record on Friday, June 21st were issued a dividend of $0.19 per share. The ex-dividend date was Friday, June 21st. This represents a $0.76 dividend on an annualized basis and a yield of 1.11%. Carrier Global’s dividend payout ratio is presently 53.15%.

About Carrier Global

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.