Carrier Global Co. (NYSE:CARR) Position Increased by Addison Advisors LLC

Addison Advisors LLC increased its position in shares of Carrier Global Co. (NYSE:CARR) by 60.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,299 shares of the company’s stock after acquiring an additional 1,238 shares during the period. Addison Advisors LLC’s holdings in Carrier Global were worth $190,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. McClarren Financial Advisors Inc. raised its holdings in 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 in the last quarter. Larson Financial Group LLC grew its position in shares of Carrier Global by 76.2% in the third quarter. Larson Financial Group LLC now owns 511 shares of the company’s stock valued at $28,000 after purchasing an additional 221 shares during the last quarter. OFI Invest Asset Management acquired a new stake in shares of Carrier Global in the third quarter valued at about $28,000. VisionPoint Advisory Group LLC acquired a new stake in shares of Carrier Global in the third quarter valued at about $30,000. Finally, Criterion Capital Advisors LLC acquired a new stake in shares of Carrier Global in the fourth quarter valued at about $32,000. 91.00% of the stock is currently owned by institutional investors.

Carrier Global Price Performance

CARR traded up $0.69 during midday trading on Friday, reaching $60.50. 6,684,176 shares of the company’s stock were exchanged, compared to its average volume of 4,318,700. The firm has a market capitalization of $54.46 billion, a price-to-earnings ratio of 42.31, a price-to-earnings-growth ratio of 2.50 and a beta of 1.39. The company has a quick ratio of 2.40, a current ratio of 1.36 and a debt-to-equity ratio of 1.31. Carrier Global Co. has a one year low of $40.28 and a one year high of $60.87. The business has a 50-day simple moving average of $56.54 and a two-hundred day simple moving average of $54.83.

Carrier Global (NYSE:CARR) last announced its quarterly earnings results on Thursday, April 25th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.12. The firm had revenue of $6.18 billion during the quarter, compared to analysts’ expectations of $6.27 billion. Carrier Global had a net margin of 5.41% and a return on equity of 26.01%. As a group, research analysts predict that Carrier Global Co. will post 2.84 EPS for the current year.

Carrier Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Friday, May 3rd will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Thursday, May 2nd. Carrier Global’s dividend payout ratio (DPR) is currently 53.15%.

Insider Activity

In other news, CEO David L. Gitlin sold 354,539 shares of Carrier Global stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $54.16, for a total value of $19,201,832.24. Following the completion of the transaction, the chief executive officer now owns 422,808 shares in the company, valued at $22,899,281.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, VP Kevin J. O’connor sold 26,551 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $53.77, for a total value of $1,427,647.27. Following the completion of the transaction, the vice president now owns 66,083 shares in the company, valued at approximately $3,553,282.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David L. Gitlin sold 354,539 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $54.16, for a total transaction of $19,201,832.24. Following the completion of the transaction, the chief executive officer now owns 422,808 shares of the company’s stock, valued at approximately $22,899,281.28. The disclosure for this sale can be found here. 6.95% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CARR. Citigroup raised their price target on Carrier Global from $60.00 to $63.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Oppenheimer raised their price target on Carrier Global from $63.00 to $64.00 and gave the company an “outperform” rating in a research report on Friday. Royal Bank of Canada lowered their price target on Carrier Global from $63.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 7th. Barclays raised their price target on Carrier Global from $78.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Wells Fargo & Company lifted their target price on Carrier Global from $59.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Friday. Three research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $62.00.

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.