Atlas Capital Advisors LLC Purchases New Shares in Carrier Global (NYSE:CARR)
Atlas Capital Advisors LLC acquired a new position in shares of Carrier Global (NYSE:CARR) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 6,000 shares of the company’s stock, valued at approximately $133,000.
Other hedge funds have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA bought a new position in shares of Carrier Global during the first quarter valued at approximately $73,800,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in Carrier Global during the 2nd quarter valued at $78,712,000. Raymond James & Associates bought a new position in Carrier Global in the 2nd quarter valued at $25,509,000. New York State Teachers Retirement System purchased a new stake in Carrier Global in the second quarter worth $23,501,000. Finally, Mn Services Vermogensbeheer B.V. purchased a new stake in Carrier Global in the second quarter worth $15,525,000. Institutional investors and hedge funds own 0.88% of the company’s stock.
In other Carrier Global news, Director John J. Greisch purchased 35,000 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was bought at an average cost of $17.77 per share, for a total transaction of $621,950.00. Also, CEO David L. Gitlin purchased 57,580 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were acquired at an average price of $17.77 per share, for a total transaction of $1,023,196.60.
Carrier Global (NYSE:CARR) last announced its earnings results on Thursday, July 30th. The company reported $0.33 EPS for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.06. The firm had revenue of $3.97 billion during the quarter, compared to the consensus estimate of $3.63 billion. As a group, equities analysts forecast that Carrier Global will post 1.38 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Friday, June 26th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.32 annualized dividend and a dividend yield of 1.17%.
A number of research analysts have recently commented on CARR shares. Morgan Stanley upped their price target on shares of Carrier Global from $19.00 to $26.00 and gave the stock an “equal weight” rating in a report on Friday. Argus initiated coverage on shares of Carrier Global in a research note on Tuesday, June 16th. They issued a “buy” rating and a $28.00 target price on the stock. Zacks Investment Research raised shares of Carrier Global from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research note on Tuesday, July 21st. JPMorgan Chase & Co. lowered Carrier Global from an “overweight” rating to a “neutral” rating and set a $20.00 price target for the company. in a report on Wednesday, June 10th. Finally, Citigroup raised their price objective on Carrier Global from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company. Carrier Global presently has an average rating of “Hold” and an average target price of $22.90.
Carrier Global Company Profile
There is no company description available for Carrier Global Corp.
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