CIBC Asset Management Inc purchased a new position in shares of Carrier Global (NYSE:CARR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 74,394 shares of the company’s stock, valued at approximately $1,653,000.
Other institutional investors have also modified their holdings of the company. Ellevest Inc. bought a new stake in Carrier Global during the second quarter worth $26,000. San Francisco Sentry Investment Group CA bought a new stake in Carrier Global during the second quarter worth $28,000. Lenox Wealth Advisors LLC bought a new stake in Carrier Global during the second quarter worth $30,000. SeaBridge Investment Advisors LLC bought a new stake in Carrier Global during the second quarter worth $30,000. Finally, Firestone Capital Management bought a new stake in Carrier Global during the second quarter worth $32,000. Institutional investors and hedge funds own 0.88% of the company’s stock.
In other Carrier Global news, Director John J. Greisch bought 35,000 shares of Carrier Global stock in a transaction that occurred on Monday, May 18th. The stock was acquired at an average cost of $17.77 per share, for a total transaction of $621,950.00. Also, CEO David L. Gitlin bought 57,580 shares of Carrier Global stock in a transaction that occurred on Monday, May 18th. The shares were acquired at an average price of $17.77 per share, with a total value of $1,023,196.60.
NYSE:CARR opened at $27.24 on Friday. The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.99 and a current ratio of 1.34. Carrier Global has a 52-week low of $11.50 and a 52-week high of $27.72. The company’s fifty day moving average is $23.84.
Carrier Global (NYSE:CARR) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.06. The company had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $3.63 billion. Research analysts forecast that Carrier Global will post 1.38 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Friday, June 26th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.17%.
A number of brokerages recently commented on CARR. Wolfe Research started coverage on Carrier Global in a report on Friday, April 17th. They set a “buy” rating on the stock. William Blair restated a “market perform” rating on shares of Carrier Global in a research note on Monday, May 11th. Zacks Investment Research upgraded Carrier Global from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research note on Tuesday, July 21st. Morgan Stanley boosted their target price on Carrier Global from $19.00 to $26.00 and gave the company an “equal weight” rating in a research note on Friday. Finally, Atlantic Securities started coverage on Carrier Global in a research note on Tuesday, May 19th. They issued an “overweight” rating on the stock. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $22.90.
Carrier Global Profile
There is no company description available for Carrier Global Corp.
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