RWA Wealth Partners LLC Makes New $241,000 Investment in Carrier Global Co. (NYSE:CARR)

RWA Wealth Partners LLC bought a new position in shares of Carrier Global Co. (NYSE:CARR) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,197 shares of the company’s stock, valued at approximately $241,000.

Several other hedge funds also recently bought and sold shares of CARR. Beese Fulmer Investment Management Inc. boosted its stake in shares of Carrier Global by 0.9% in the fourth quarter. Beese Fulmer Investment Management Inc. now owns 19,474 shares of the company’s stock valued at $1,119,000 after purchasing an additional 181 shares during the period. Graypoint LLC boosted its stake in shares of Carrier Global by 1.9% in the fourth quarter. Graypoint LLC now owns 9,752 shares of the company’s stock valued at $560,000 after purchasing an additional 184 shares during the period. Global Wealth Management Investment Advisory Inc. boosted its stake in shares of Carrier Global by 16.0% in the third quarter. Global Wealth Management Investment Advisory Inc. now owns 1,450 shares of the company’s stock valued at $80,000 after purchasing an additional 200 shares during the period. Operose Advisors LLC boosted its stake in shares of Carrier Global by 44.4% in the third quarter. Operose Advisors LLC now owns 650 shares of the company’s stock valued at $36,000 after purchasing an additional 200 shares during the period. Finally, Boston Financial Mangement LLC boosted its stake in shares of Carrier Global by 2.2% in the third quarter. Boston Financial Mangement LLC now owns 9,399 shares of the company’s stock valued at $519,000 after purchasing an additional 201 shares during the period. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Analysts Set New Price Targets

CARR has been the subject of several recent research reports. Citigroup raised 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. Barclays raised their target price on shares of Carrier Global from $78.00 to $79.00 and gave the company an “overweight” rating in a report on Friday. Wells Fargo & Company raised their target price on shares of Carrier Global from $59.00 to $66.00 and gave the company an “equal weight” rating in a report on Friday. Oppenheimer raised their target price on shares of Carrier Global from $63.00 to $64.00 and gave the company an “outperform” rating in a report on Friday. Finally, Royal Bank of Canada cut their price objective on shares of Carrier Global from $63.00 to $60.00 and set an “outperform” rating on the stock in a report on Wednesday, February 7th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Carrier Global currently has an average rating of “Hold” and a consensus target price of $62.00.

Insider Activity at Carrier Global

In related news, VP Kevin J. O’connor sold 26,551 shares of Carrier Global stock in a transaction 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 transaction, the vice president now directly owns 66,083 shares in the company, valued at approximately $3,553,282.91. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, VP Kevin J. O’connor sold 26,551 shares of Carrier Global stock in a transaction 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 transaction, the vice president now directly owns 66,083 shares in the company, valued at approximately $3,553,282.91. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO David L. Gitlin sold 354,539 shares of the business’s stock in a transaction 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 sale, the chief executive officer now owns 422,808 shares in the company, valued at $22,899,281.28. The disclosure for this sale can be found here. 6.95% of the stock is currently owned by insiders.

Carrier Global Stock Performance

Shares of Carrier Global stock opened at $60.51 on Friday. The firm’s fifty day simple moving average is $56.54 and its 200-day simple moving average is $54.83. The stock has a market capitalization of $54.47 billion, a price-to-earnings ratio of 38.30, a PEG ratio of 2.31 and a beta of 1.39. Carrier Global Co. has a 12 month low of $40.28 and a 12 month high of $60.87. The company has a debt-to-equity ratio of 1.58, a current ratio of 2.73 and a quick ratio of 2.40.

Carrier Global (NYSE:CARR) last announced its earnings results on Thursday, April 25th. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.12. The business had revenue of $6.18 billion for the quarter, compared to analysts’ expectations of $6.27 billion. Carrier Global had a net margin of 6.10% and a return on equity of 27.19%. As a group, equities analysts forecast that Carrier Global Co. will post 2.82 earnings per share for the current year.

Carrier Global Announces Dividend

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