Breed s Hill Capital LLC Makes New Investment in Carrier Global Co. (NYSE:CARR)

Breed s Hill Capital LLC bought a new stake in shares of Carrier Global Co. (NYSE:CARR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,834 shares of the company’s stock, valued at approximately $220,000.

Several other large investors also recently modified their holdings of the stock. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Carrier Global by 4.2% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 163,655 shares of the company’s stock worth $9,034,000 after buying an additional 6,600 shares in the last quarter. Verdence Capital Advisors LLC lifted its stake in Carrier Global by 5.8% in the 3rd quarter. Verdence Capital Advisors LLC now owns 10,401 shares of the company’s stock valued at $574,000 after purchasing an additional 569 shares during the last quarter. BluePath Capital Management LLC acquired a new stake in Carrier Global in the third quarter valued at approximately $35,000. Brighton Jones LLC grew its stake in shares of Carrier Global by 9.1% during the third quarter. Brighton Jones LLC now owns 4,830 shares of the company’s stock worth $267,000 after buying an additional 402 shares during the last quarter. Finally, Baystate Wealth Management LLC increased its holdings in shares of Carrier Global by 24.6% during the third quarter. Baystate Wealth Management LLC now owns 1,509 shares of the company’s stock worth $83,000 after buying an additional 298 shares in the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. TD Cowen lifted their price target on Carrier Global from $66.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, April 29th. Citigroup upped their price objective on shares of Carrier Global from $60.00 to $63.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Oppenheimer boosted their price objective on Carrier Global from $63.00 to $64.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Royal Bank of Canada cut their target price on shares of Carrier Global from $63.00 to $60.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 7th. Finally, Robert W. Baird increased their price target on Carrier Global from $60.00 to $64.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $62.71.

Insider Activity at Carrier Global

In other Carrier Global news, insider Jurgen Timperman sold 159,915 shares of the business’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $61.95, for a total value of $9,906,734.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 6.95% of the stock is owned by company insiders.

Carrier Global Stock Up 1.4 %

CARR stock traded up $0.92 during trading on Thursday, reaching $65.23. The stock had a trading volume of 2,662,797 shares, compared to its average volume of 4,811,897. Carrier Global Co. has a one year low of $40.49 and a one year high of $65.34. The company’s 50 day moving average is $57.90 and its two-hundred day moving average is $55.42. The company has a quick ratio of 0.99, a current ratio of 1.36 and a debt-to-equity ratio of 1.31. The company has a market capitalization of $58.77 billion, a price-to-earnings ratio of 45.62, a P/E/G ratio of 2.61 and a beta of 1.34.

Carrier Global (NYSE:CARR) last issued 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. Carrier Global had a return on equity of 26.01% and a net margin of 5.41%. The business had revenue of $6.18 billion for the quarter, compared to analyst estimates of $6.27 billion. Equities research analysts forecast that Carrier Global Co. will post 2.85 EPS for the current year.

Carrier Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Friday, May 3rd will be paid a dividend of $0.19 per share. The ex-dividend date is Thursday, May 2nd. This represents a $0.76 annualized dividend and a dividend yield of 1.17%. Carrier Global’s payout ratio is currently 53.15%.

About Carrier Global

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.