Carrier Global Corporation (NYSE:CARR) Shares Bought by Sagespring Wealth Partners LLC

Sagespring Wealth Partners LLC raised its stake in Carrier Global Corporation (NYSE:CARR) by 14.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,707 shares of the company’s stock after buying an additional 1,373 shares during the quarter. Sagespring Wealth Partners LLC’s holdings in Carrier Global were worth $679,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Syon Capital LLC increased its position in Carrier Global by 2.2% during the fourth quarter. Syon Capital LLC now owns 7,089 shares of the company’s stock worth $484,000 after purchasing an additional 155 shares during the last quarter. BOK Financial Private Wealth Inc. increased its holdings in shares of Carrier Global by 80.0% during the 4th quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock worth $25,000 after buying an additional 160 shares during the last quarter. Wealthspire Advisors LLC raised its position in shares of Carrier Global by 3.7% during the 4th 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 period. Lake Street Advisors Group LLC lifted its holdings in Carrier Global by 0.8% in the fourth quarter. Lake Street Advisors Group LLC now owns 20,128 shares of the company’s stock valued at $1,378,000 after acquiring an additional 169 shares during the last quarter. Finally, Beck Mack & Oliver LLC grew its position in Carrier Global by 1.9% in the fourth quarter. Beck Mack & Oliver LLC now owns 9,124 shares of the company’s stock worth $623,000 after acquiring an additional 174 shares during the period. 91.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CARR has been the topic of a number of research analyst reports. Barclays lifted their target price on Carrier Global from $83.00 to $84.00 and gave the company an “overweight” rating in a research report on Wednesday, May 7th. The Goldman Sachs Group restated a “buy” rating on shares of Carrier Global in a report on Wednesday, May 21st. Northcoast Research raised shares of Carrier Global from a “neutral” rating to a “buy” rating and set a $85.00 target price on the stock in a research report on Friday, May 9th. Mizuho set a $72.00 price target on shares of Carrier Global in a research report on Tuesday, April 22nd. Finally, Robert W. Baird boosted their price target on shares of Carrier Global from $80.00 to $88.00 and gave the company an “outperform” rating in a research note on Tuesday, May 20th. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Carrier Global has a consensus rating of “Moderate Buy” and a consensus price target of $83.00.

Carrier Global Trading Down 1.7%

Shares of NYSE:CARR opened at $69.82 on Wednesday. Carrier Global Corporation has a 52 week low of $54.22 and a 52 week high of $83.32. The company’s 50 day moving average is $68.06 and its two-hundred day moving average is $67.38. The company has a market cap of $59.86 billion, a PE ratio of 10.81, a P/E/G ratio of 1.99 and a beta of 1.33. The company has a current ratio of 1.20, a quick ratio of 0.83 and a debt-to-equity ratio of 0.78.

Carrier Global (NYSE:CARR) last posted its earnings results on Thursday, May 1st. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.58 by $0.07. The firm had revenue of $5.22 billion for the quarter, compared to analyst estimates of $5.17 billion. Carrier Global had a return on equity of 18.10% and a net margin of 25.45%. Carrier Global’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.51 earnings per share. Equities analysts predict that Carrier Global Corporation will post 2.99 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Monday, July 21st will be given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend is Monday, July 21st. Carrier Global’s dividend payout ratio (DPR) is 13.93%.

Insider Buying and Selling

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

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.