Gilman Hill Asset Management LLC Has $4.11 Million Stake in Carrier Global Co. (NYSE:CARR)

Gilman Hill Asset Management LLC reduced its stake in shares of Carrier Global Co. (NYSE:CARR) by 34.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,998 shares of the company’s stock after selling 27,129 shares during the quarter. Gilman Hill Asset Management LLC’s holdings in Carrier Global were worth $4,105,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Olistico Wealth LLC acquired a new position in Carrier Global in the second quarter valued at about $25,000. Meeder Asset Management Inc. boosted its holdings in shares of Carrier Global by 675.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 465 shares of the company’s stock worth $29,000 after acquiring an additional 405 shares in the last quarter. EdgeRock Capital LLC acquired a new position in shares of Carrier Global in the 2nd quarter worth approximately $32,000. Register Financial Advisors LLC bought a new stake in Carrier Global during the 1st quarter worth approximately $34,000. Finally, Rise Advisors LLC increased its holdings in Carrier Global by 3,668.8% during the 1st quarter. Rise Advisors LLC now owns 603 shares of the company’s stock valued at $35,000 after purchasing an additional 587 shares in the last quarter. 91.00% of the stock is owned by institutional investors.

Insider Buying and Selling at Carrier Global

In other Carrier Global news, VP Ajay Agrawal sold 62,382 shares of the stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $64.55, for a total transaction of $4,026,758.10. Following the completion of the transaction, the vice president now owns 103,066 shares in the company, valued at approximately $6,652,910.30. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 6.95% of the company’s stock.

Carrier Global Trading Up 1.5 %

Carrier Global stock traded up $1.18 during midday trading on Friday, hitting $81.61. 3,324,528 shares of the stock were exchanged, compared to its average volume of 4,165,614. The stock has a market capitalization of $73.67 billion, a PE ratio of 21.76, a P/E/G ratio of 2.94 and a beta of 1.32. The company has a fifty day simple moving average of $73.54 and a two-hundred day simple moving average of $66.38. 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 Co. has a 52 week low of $45.68 and a 52 week high of $82.16.

Carrier Global (NYSE:CARR) last announced its quarterly earnings results on Thursday, July 25th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $7.05 billion. During the same period last 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. Equities research analysts anticipate that Carrier Global Co. will post 2.85 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Friday, October 25th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date is Friday, October 25th. Carrier Global’s payout ratio is currently 20.27%.

Analyst Ratings Changes

Several analysts have recently commented on CARR shares. Wolfe Research upgraded Carrier Global from an “underperform” rating to a “peer perform” rating in a report on Friday, September 6th. JPMorgan Chase & Co. started coverage on shares of Carrier Global in a report on Thursday. They set a “neutral” rating and a $83.00 price objective on the stock. Oppenheimer boosted their target price on shares of Carrier Global from $74.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. Morgan Stanley assumed coverage on shares of Carrier Global in a research note on Friday, September 6th. They set an “equal weight” rating and a $75.00 price target on the stock. Finally, Royal Bank of Canada boosted their price objective on shares of Carrier Global from $72.00 to $79.00 and gave the stock an “outperform” rating in a research report on Thursday, September 5th. Five research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Carrier Global presently has a consensus rating of “Moderate Buy” and an average target price of $79.50.

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.