Carrier Global Corporation (NYSE:CARR) Shares Acquired by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC grew its stake in Carrier Global Corporation (NYSE:CARR) by 10.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,619 shares of the company’s stock after buying an additional 631 shares during the period. Foundations Investment Advisors LLC’s holdings in Carrier Global were worth $420,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Baldwin Investment Management LLC grew its position in Carrier Global by 3.5% during the 1st quarter. Baldwin Investment Management LLC now owns 11,240 shares of the company’s stock worth $713,000 after purchasing an additional 385 shares during the last quarter. Mackenzie Financial Corp grew its position in Carrier Global by 2.3% during the 1st quarter. Mackenzie Financial Corp now owns 539,211 shares of the company’s stock worth $34,186,000 after purchasing an additional 12,065 shares during the last quarter. Ridgewood Investments LLC purchased a new position in Carrier Global during the 1st quarter worth $109,000. TCW Group Inc. grew its position in Carrier Global by 2.1% during the 1st quarter. TCW Group Inc. now owns 12,031 shares of the company’s stock worth $763,000 after purchasing an additional 251 shares during the last quarter. Finally, LPL Financial LLC grew its position in Carrier Global by 11.6% during the 1st quarter. LPL Financial LLC now owns 634,487 shares of the company’s stock worth $40,226,000 after purchasing an additional 66,005 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Analyst Ratings Changes

CARR has been the subject of several recent analyst reports. The Goldman Sachs Group restated a “buy” rating on shares of Carrier Global in a research note on Wednesday, May 21st. JPMorgan Chase & Co. restated a “neutral” rating and issued a $79.00 target price on shares of Carrier Global in a research note on Tuesday, July 15th. Robert W. Baird reduced their target price on shares of Carrier Global from $85.00 to $84.00 and set an “outperform” rating for the company in a research note on Wednesday. Barclays reduced their target price on shares of Carrier Global from $84.00 to $82.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, Mizuho set a $72.00 target price on shares of Carrier Global in a research note on Tuesday, April 22nd. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $84.47.

Insider Activity

In other news, Director Maximilian Viessmann sold 4,267,425 shares of Carrier Global stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $70.30, for a total transaction of $299,999,977.50. Following the sale, the director owned 54,341,534 shares in the company, valued at $3,820,209,840.20. This trade represents a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 7.20% of the stock is owned by corporate insiders.

Carrier Global Trading Down 2.5%

Shares of CARR stock opened at $66.90 on Friday. The stock has a market cap of $56.93 billion, a price-to-earnings ratio of 14.58, a price-to-earnings-growth ratio of 1.88 and a beta of 1.26. The company has a quick ratio of 0.83, a current ratio of 1.17 and a debt-to-equity ratio of 0.76. Carrier Global Corporation has a fifty-two week low of $54.22 and a fifty-two week high of $83.32. The firm’s 50 day moving average price is $73.35 and its two-hundred day moving average price is $68.33.

Carrier Global (NYSE:CARR) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.02. The firm had revenue of $6.11 billion for the quarter, compared to analysts’ expectations of $6.08 billion. Carrier Global had a net margin of 18.33% and a return on equity of 17.83%. On average, analysts anticipate that Carrier Global Corporation will post 2.99 EPS for the current year.

Carrier Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Monday, July 21st will be paid a dividend of $0.225 per share. The ex-dividend date is Monday, July 21st. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.3%. Carrier Global’s dividend payout ratio (DPR) is currently 19.61%.

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.