Carrier Global Corporation (NYSE:CARR) Shares Bought by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 9.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,094 shares of the company’s stock after acquiring an additional 708 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Carrier Global were worth $474,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Brighton Jones LLC raised its position in shares of Carrier Global by 30.3% in the fourth quarter. Brighton Jones LLC now owns 7,958 shares of the company’s stock valued at $543,000 after buying an additional 1,850 shares during the last quarter. Handelsbanken Fonder AB raised its position in shares of Carrier Global by 202.3% in the fourth quarter. Handelsbanken Fonder AB now owns 8,951 shares of the company’s stock valued at $611,000 after buying an additional 5,990 shares during the last quarter. Wealthspire Advisors LLC raised its position in shares of Carrier Global by 3.7% in the fourth quarter. Wealthspire Advisors LLC now owns 4,473 shares of the company’s stock valued at $305,000 after buying an additional 161 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised its position in shares of Carrier Global by 2.0% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 317,700 shares of the company’s stock valued at $21,686,000 after buying an additional 6,100 shares during the last quarter. Finally, Oppenheimer & Co. Inc. raised its position in shares of Carrier Global by 4.5% in the fourth quarter. Oppenheimer & Co. Inc. now owns 68,776 shares of the company’s stock valued at $4,695,000 after buying an additional 2,966 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Robert W. Baird boosted their price objective on shares of Carrier Global from $80.00 to $88.00 and gave the company an “outperform” rating in a research report on Tuesday, May 20th. Wells Fargo & Company boosted their target price on shares of Carrier Global from $65.00 to $75.00 and gave the company an “equal weight” rating in a report on Monday, May 5th. Royal Bank Of Canada boosted their target price on shares of Carrier Global from $86.00 to $87.00 and gave the company an “outperform” rating in a report on Tuesday, May 20th. Citigroup lowered their target price on shares of Carrier Global from $89.00 to $72.00 and set a “buy” rating for the company in a report on Monday, April 14th. Finally, Barclays boosted their target price on shares of Carrier Global from $83.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, May 7th. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.00.

Carrier Global Price Performance

CARR opened at $73.70 on Friday. The company has a quick ratio of 0.83, a current ratio of 1.20 and a debt-to-equity ratio of 0.78. Carrier Global Corporation has a 52-week low of $54.22 and a 52-week high of $83.32. The company has a 50 day moving average of $69.94 and a two-hundred day moving average of $67.28. The company has a market cap of $63.19 billion, a P/E ratio of 11.41, a P/E/G ratio of 2.04 and a beta of 1.33.

Carrier Global (NYSE:CARR) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.07. Carrier Global had a net margin of 25.45% and a return on equity of 18.10%. The company had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $5.17 billion. During the same period in the previous year, the firm earned $0.51 earnings per share. Carrier Global’s revenue for the quarter was down 3.7% on a year-over-year basis. On average, analysts expect that Carrier Global Corporation will post 2.99 earnings per share for the current year.

Carrier Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Monday, July 21st will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Monday, July 21st. This represents a $0.90 annualized dividend and a yield of 1.22%. Carrier Global’s dividend payout ratio is currently 13.93%.

Insiders Place Their Bets

In other news, Director Maximilian Viessmann sold 4,267,425 shares of the company’s stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $70.30, for a total value of $299,999,977.50. Following the completion of the transaction, the director now directly owns 54,341,534 shares in the company, valued at approximately $3,820,209,840.20. This represents a 7.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 7.20% of the stock is owned by insiders.

Carrier Global 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.