Cetera Trust Company N.A Takes Position in Carrier Global Co. (NYSE:CARR)

Cetera Trust Company N.A bought a new stake in shares of Carrier Global Co. (NYSE:CARR) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 700 shares of the company’s stock, valued at approximately $40,000.

A number of other large investors have also recently modified their holdings of CARR. C WorldWide Group Holding A S bought a new stake in shares of Carrier Global during the 3rd quarter valued at about $260,761,000. Impax Asset Management Group plc boosted its stake in Carrier Global by 6,362.1% during the third quarter. Impax Asset Management Group plc now owns 2,236,841 shares of the company’s stock worth $123,474,000 after acquiring an additional 2,202,226 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Carrier Global by 103.2% during the third quarter. Envestnet Asset Management Inc. now owns 2,600,774 shares of the company’s stock worth $143,563,000 after acquiring an additional 1,320,621 shares in the last quarter. FMR LLC boosted its stake in Carrier Global by 18.3% during the third quarter. FMR LLC now owns 6,666,775 shares of the company’s stock worth $368,006,000 after acquiring an additional 1,033,484 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new stake in Carrier Global during the third quarter worth about $48,735,000. Institutional investors own 91.00% of the company’s stock.

Insiders Place Their Bets

In other Carrier Global news, VP Kevin J. O’connor sold 26,551 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 66,083 shares in the company, valued at $3,553,282.91. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO David L. Gitlin sold 354,539 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $54.16, for a total transaction 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 $22,899,281.28. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Kevin J. O’connor sold 26,551 shares of the stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $53.77, for a total transaction of $1,427,647.27. Following 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. Company insiders own 6.95% of the company’s stock.

Carrier Global Stock Up 0.2 %

Shares of CARR stock opened at $53.62 on Tuesday. Carrier Global Co. has a 12 month low of $40.28 and a 12 month high of $60.87. The stock has a market cap of $48.26 billion, a P/E ratio of 33.94, a P/E/G ratio of 2.26 and a beta of 1.39. The company has a current ratio of 2.73, a quick ratio of 2.40 and a debt-to-equity ratio of 1.58. The company has a 50 day simple moving average of $56.32 and a two-hundred day simple moving average of $54.75.

Carrier Global (NYSE:CARR) last announced its earnings results on Tuesday, February 6th. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.02. Carrier Global had a net margin of 6.10% and a return on equity of 27.19%. The business had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $5.22 billion. During the same period in the prior year, the company earned $0.40 earnings per share. The firm’s revenue was down .1% on a year-over-year basis. On average, research analysts expect that Carrier Global Co. will post 2.82 earnings per share for the current year.

Carrier Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Friday, May 3rd will be given a $0.19 dividend. The ex-dividend date is Thursday, May 2nd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.42%. Carrier Global’s payout ratio is currently 48.10%.

Analyst Upgrades and Downgrades

Several research firms recently commented on CARR. Wells Fargo & Company dropped their price objective on shares of Carrier Global from $63.00 to $57.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 7th. Oppenheimer reiterated an “outperform” rating and issued a $63.00 target price on shares of Carrier Global in a research note on Thursday, April 18th. Barclays upped their target price on shares of Carrier Global from $71.00 to $78.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Royal Bank of Canada dropped their target price on shares of Carrier Global from $63.00 to $60.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 7th. Finally, Citigroup upped their target price on shares of Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $61.15.

About Carrier Global

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.