Fisher Asset Management LLC Buys 296,725 Shares of Carrier Global Co. (NYSE:CARR)

Fisher Asset Management LLC lifted its holdings in Carrier Global Co. (NYSE:CARR) by 2.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,293,503 shares of the company’s stock after acquiring an additional 296,725 shares during the period. Fisher Asset Management LLC’s holdings in Carrier Global were worth $763,712,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Wilbanks Smith & Thomas Asset Management LLC lifted its holdings in shares of Carrier Global by 1.9% in the 4th quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 12,113 shares of the company’s stock valued at $696,000 after acquiring an additional 227 shares during the last quarter. Tower View Wealth Management LLC lifted its stake in Carrier Global by 5.0% in the fourth quarter. Tower View Wealth Management LLC now owns 58,608 shares of the company’s stock worth $3,367,000 after purchasing an additional 2,769 shares during the last quarter. First Trust Direct Indexing L.P. lifted its stake in Carrier Global by 21.7% in the fourth quarter. First Trust Direct Indexing L.P. now owns 18,335 shares of the company’s stock worth $1,053,000 after purchasing an additional 3,275 shares during the last quarter. Great Valley Advisor Group Inc. lifted its stake in Carrier Global by 2.8% in the fourth quarter. Great Valley Advisor Group Inc. now owns 11,027 shares of the company’s stock worth $633,000 after purchasing an additional 298 shares during the last quarter. Finally, New York Life Investment Management LLC lifted its stake in Carrier Global by 0.3% in the fourth quarter. New York Life Investment Management LLC now owns 130,752 shares of the company’s stock worth $7,512,000 after purchasing an additional 333 shares during the last quarter. Institutional investors own 91.00% of the company’s stock.

Insider Buying and Selling at Carrier Global

In other Carrier Global news, CEO David L. Gitlin sold 354,539 shares of the firm’s 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 sale, the chief executive officer now directly owns 422,808 shares in the company, valued at $22,899,281.28. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Carrier Global news, CEO David L. Gitlin sold 354,539 shares of the firm’s 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 sale, the chief executive officer now directly owns 422,808 shares in the company, valued at $22,899,281.28. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jurgen Timperman sold 159,915 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $61.95, for a total transaction of $9,906,734.25. The disclosure for this sale can be found here. Insiders sold a total of 541,005 shares of company stock worth $30,536,214 over the last three months. Corporate insiders own 6.95% of the company’s stock.

Carrier Global Stock Down 0.1 %

CARR stock traded down $0.06 during trading on Thursday, hitting $60.87. 808,274 shares of the company’s stock traded hands, compared to its average volume of 4,850,406. The firm has a market capitalization of $54.84 billion, a P/E ratio of 42.74, a PEG ratio of 2.59 and a beta of 1.34. The business has a fifty day simple moving average of $57.02 and a two-hundred day simple moving average of $54.98. The company has a quick ratio of 0.99, a current ratio of 1.36 and a debt-to-equity ratio of 1.31. Carrier Global Co. has a 1 year low of $40.28 and a 1 year high of $63.79.

Carrier Global (NYSE:CARR) last issued its quarterly earnings data on Thursday, April 25th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.12. The company had revenue of $6.18 billion for the quarter, compared to analyst estimates of $6.27 billion. Carrier Global had a net margin of 5.41% and a return on equity of 26.01%. Sell-side analysts anticipate that Carrier Global Co. will post 2.85 EPS for the current year.

Carrier Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Friday, May 3rd will be paid a $0.19 dividend. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $0.76 annualized dividend and a yield of 1.25%. Carrier Global’s dividend payout ratio (DPR) is 53.15%.

Analyst Ratings Changes

Several brokerages have issued reports on CARR. Royal Bank of Canada decreased their price objective on shares of Carrier Global from $63.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, February 7th. Citigroup raised their target price on shares of Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Oppenheimer raised their target price on shares of Carrier Global from $63.00 to $64.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Barclays raised their target price on shares of Carrier Global from $78.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Finally, Wells Fargo & Company raised their target price on shares of Carrier Global from $59.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Friday, April 26th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $62.62.

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.