Addison Advisors LLC Grows Stock Position in Carrier Global Co. (NYSE:CARR)

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

Several other large investors have also recently added to or reduced their stakes in the business. Beese Fulmer Investment Management Inc. lifted its position in Carrier Global by 0.9% during the fourth quarter. Beese Fulmer Investment Management Inc. now owns 19,474 shares of the company’s stock worth $1,119,000 after buying an additional 181 shares during the period. Graypoint LLC increased its stake in Carrier Global by 1.9% during the fourth quarter. Graypoint LLC now owns 9,752 shares of the company’s stock worth $560,000 after acquiring an additional 184 shares during the last quarter. Global Wealth Management Investment Advisory Inc. increased its stake in Carrier Global by 16.0% during the third quarter. Global Wealth Management Investment Advisory Inc. now owns 1,450 shares of the company’s stock worth $80,000 after acquiring an additional 200 shares during the last quarter. Operose Advisors LLC increased its stake in Carrier Global by 44.4% during the third quarter. Operose Advisors LLC now owns 650 shares of the company’s stock worth $36,000 after acquiring an additional 200 shares during the last quarter. Finally, Boston Financial Mangement LLC increased its stake in Carrier Global by 2.2% during the third quarter. Boston Financial Mangement LLC now owns 9,399 shares of the company’s stock worth $519,000 after acquiring an additional 201 shares during the last quarter. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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 stock was 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 approximately $22,899,281.28. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 stock was 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 approximately $22,899,281.28. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Kevin J. O’connor sold 26,551 shares of Carrier Global stock in a transaction that occurred 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 completion of the transaction, the vice president now owns 66,083 shares of the company’s stock, valued at approximately $3,553,282.91. The disclosure for this sale can be found here. 6.95% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

Carrier Global Stock Up 1.2 %

CARR stock traded up $0.69 during midday trading on Friday, hitting $60.50. 6,684,176 shares of the company’s stock were exchanged, compared to its average volume of 4,318,700. The company has a current ratio of 1.36, a quick ratio of 2.40 and a debt-to-equity ratio of 1.31. Carrier Global Co. has a 12-month low of $40.28 and a 12-month high of $60.87. The firm has a 50 day moving average price of $56.54 and a 200-day moving average price of $54.83. The stock 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.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data on Thursday, April 25th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.12. Carrier Global had a return on equity of 26.01% and a net margin of 5.41%. The company had revenue of $6.18 billion for the quarter, compared to the consensus estimate of $6.27 billion. On average, analysts anticipate that Carrier Global Co. will post 2.84 EPS for the current year.

Carrier Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Friday, May 3rd will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $0.76 annualized dividend and a yield of 1.26%. Carrier Global’s dividend payout ratio is presently 53.15%.

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.