Signaturefd LLC Has $899,000 Stake in Carrier Global Co. (NYSE:CARR)

Signaturefd LLC increased its holdings in shares of Carrier Global Co. (NYSE:CARR) by 6.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 15,656 shares of the company’s stock after acquiring an additional 1,003 shares during the quarter. Signaturefd LLC’s holdings in Carrier Global were worth $899,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Larson Financial Group LLC grew its stake in shares of Carrier Global by 76.2% during the 3rd quarter. Larson Financial Group LLC now owns 511 shares of the company’s stock worth $28,000 after acquiring an additional 221 shares during the period. OFI Invest Asset Management purchased a new position in Carrier Global during the third quarter valued at $28,000. VisionPoint Advisory Group LLC bought a new stake in Carrier Global in the third quarter worth about $30,000. Planned Solutions Inc. bought a new stake in Carrier Global during the 4th quarter valued at $33,000. Finally, GHP Investment Advisors Inc. raised its stake in shares of Carrier Global by 205.1% in the third quarter. GHP Investment Advisors Inc. now owns 595 shares of the company’s stock worth $31,000 after purchasing an additional 400 shares during the last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Carrier Global

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

Analyst Upgrades and Downgrades

CARR has been the subject of a number of recent research reports. Oppenheimer reiterated an “outperform” rating and issued a $63.00 price target on shares of Carrier Global in a research note on Thursday, April 18th. Royal Bank of Canada decreased their price target on shares of Carrier Global from $63.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, February 7th. Barclays lifted their target price on Carrier Global from $71.00 to $78.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Wells Fargo & Company decreased their target price on Carrier Global from $63.00 to $57.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 7th. Finally, Citigroup increased their price objective on Carrier Global from $60.00 to $63.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $61.15.

Carrier Global Trading Up 0.2 %

CARR stock opened at $53.62 on Tuesday. The company’s 50-day simple moving average is $56.32 and its 200 day simple moving average is $54.75. The company has a market capitalization of $48.26 billion, a PE ratio of 33.94, a price-to-earnings-growth ratio of 2.26 and a beta of 1.39. The company has a debt-to-equity ratio of 1.58, a quick ratio of 2.40 and a current ratio of 2.73. Carrier Global Co. has a 52 week low of $40.28 and a 52 week high of $60.87.

Carrier Global (NYSE:CARR) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.02. The company had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.22 billion. Carrier Global had a return on equity of 27.19% and a net margin of 6.10%. Carrier Global’s revenue was down .1% on a year-over-year basis. During the same period last year, the business posted $0.40 earnings per share. As a group, sell-side analysts anticipate that Carrier Global Co. will post 2.82 earnings per share for the current year.

Carrier Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors 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 yield of 1.42%. The ex-dividend date is Thursday, May 2nd. Carrier Global’s dividend payout ratio (DPR) is presently 48.10%.

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.