AA Financial Advisors LLC Acquires 1,128 Shares of Carrier Global Co. (NYSE:CARR)

AA Financial Advisors LLC raised its stake in shares of Carrier Global Co. (NYSE:CARR) by 22.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,200 shares of the company’s stock after purchasing an additional 1,128 shares during the period. AA Financial Advisors LLC’s holdings in Carrier Global were worth $499,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CARR. Olistico Wealth LLC acquired a new stake in shares of Carrier Global during the second quarter worth $25,000. Meeder Asset Management Inc. grew its holdings in Carrier Global by 675.0% during 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 during the period. EdgeRock Capital LLC bought a new position in shares of Carrier Global in the 2nd quarter worth about $32,000. Register Financial Advisors LLC acquired a new position in shares of Carrier Global in the 1st quarter valued at about $34,000. Finally, Hantz Financial Services Inc. bought a new stake in shares of Carrier Global during the 2nd quarter valued at about $35,000. 91.00% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CARR has been the subject of a number of research analyst reports. Royal Bank of Canada lifted their target price on Carrier Global from $72.00 to $79.00 and gave the stock an “outperform” rating in a report on Thursday, September 5th. Stephens downgraded shares of Carrier Global from an “overweight” rating to an “equal weight” rating and boosted their target price for the company from $75.00 to $85.00 in a research report on Wednesday. Citigroup upgraded shares of Carrier Global from a “neutral” rating to a “buy” rating and raised their price target for the stock from $65.00 to $74.00 in a report on Monday, June 24th. JPMorgan Chase & Co. initiated coverage on shares of Carrier Global in a report on Thursday, October 10th. They set a “neutral” rating and a $83.00 price objective on the stock. Finally, Robert W. Baird decreased their target price on Carrier Global from $75.00 to $74.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. Seven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Carrier Global presently has an average rating of “Moderate Buy” and a consensus target price of $80.67.

Carrier Global Stock Up 0.1 %

CARR stock opened at $81.55 on Friday. The firm has a market capitalization of $73.48 billion, a PE ratio of 57.03, a P/E/G ratio of 2.94 and a beta of 1.32. 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 twelve month low of $45.68 and a twelve month high of $83.32. The stock’s 50 day moving average is $75.32 and its 200-day moving average is $67.22.

Carrier Global (NYSE:CARR) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.02. The business had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.05 billion. Carrier Global had a return on equity of 23.68% and a net margin of 14.27%. The business’s revenue was up 11.7% on a year-over-year basis. During the same period last year, the business earned $0.79 EPS. Sell-side analysts expect that Carrier Global Co. will post 2.85 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend is Friday, October 25th. This represents a $0.76 annualized dividend and a yield of 0.93%. Carrier Global’s dividend payout ratio (DPR) is 53.15%.

Insiders Place Their Bets

In related news, VP Ajay Agrawal sold 62,382 shares of the stock in a transaction that occurred on 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 sale, the vice president now directly owns 103,066 shares of the company’s stock, valued at approximately $6,652,910.30. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 6.95% of the company’s stock.

Carrier Global Company 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.