Mather Group LLC. Has $738,000 Stake in Carrier Global Corporation (NYSE:CARR)

Mather Group LLC. increased its position in Carrier Global Corporation (NYSE:CARR) by 5.1% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 11,647 shares of the company’s stock after purchasing an additional 565 shares during the period. Mather Group LLC.’s holdings in Carrier Global were worth $738,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its stake in shares of Carrier Global by 30.3% during the 4th 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 period. Smartleaf Asset Management LLC boosted its stake in shares of Carrier Global by 35.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 5,456 shares of the company’s stock valued at $372,000 after buying an additional 1,430 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Carrier Global during the 4th quarter valued at $98,000. Steward Partners Investment Advisory LLC boosted its stake in shares of Carrier Global by 0.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 111,270 shares of the company’s stock valued at $7,595,000 after buying an additional 557 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Carrier Global by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,837,382 shares of the company’s stock valued at $330,200,000 after buying an additional 92,975 shares during the period. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Stock Performance

Shares of CARR opened at $75.28 on Thursday. The company’s fifty day moving average price is $70.87 and its 200 day moving average price is $67.29. Carrier Global Corporation has a one year low of $54.22 and a one year high of $83.32. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.20 and a quick ratio of 0.83. The company has a market capitalization of $64.54 billion, a PE ratio of 11.65, a price-to-earnings-growth ratio of 2.05 and a beta of 1.31.

Carrier Global (NYSE:CARR) last posted 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 for the quarter, compared to the consensus estimate of $5.17 billion. During the same quarter in the previous year, the firm posted $0.51 EPS. The business’s revenue was down 3.7% compared to the same quarter last year. As a group, analysts expect that Carrier Global Corporation will post 2.99 earnings per share for the current year.

Carrier Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Monday, July 21st will be issued 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 dividend yield of 1.20%. Carrier Global’s payout ratio is 13.93%.

Insider Activity

In other news, Director Maximilian Viessmann sold 4,267,425 shares of the business’s stock in a transaction dated 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 transaction, the director owned 54,341,534 shares in the company, valued at approximately $3,820,209,840.20. The trade was a 7.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 7.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CARR shares. JPMorgan Chase & Co. lifted their target price on shares of Carrier Global from $66.00 to $79.00 and gave the company an “overweight” rating in a research note on Friday, May 16th. The Goldman Sachs Group reissued a “buy” rating on shares of Carrier Global in a research note on Wednesday, May 21st. Robert W. Baird raised their price target on shares of Carrier Global from $80.00 to $88.00 and gave the company an “outperform” rating in a report on Tuesday, May 20th. Wells Fargo & Company raised their price target 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. Finally, Melius Research upgraded shares of Carrier Global to a “hold” rating and set a $90.00 price target on the stock in a report on Tuesday. Six investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $83.82.

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.