Benjamin F. Edwards & Company Inc. Acquires 459,933 Shares of Carrier Global Co. (NYSE:CARR)

Benjamin F. Edwards & Company Inc. boosted its stake in shares of Carrier Global Co. (NYSE:CARR) by 794.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 517,860 shares of the company’s stock after buying an additional 459,933 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Carrier Global were worth $29,751,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Beese Fulmer Investment Management Inc. grew its holdings in Carrier Global by 0.9% during the fourth quarter. Beese Fulmer Investment Management Inc. now owns 19,474 shares of the company’s stock valued at $1,119,000 after purchasing an additional 181 shares during the period. Graypoint LLC increased its holdings in Carrier Global by 1.9% during the fourth quarter. Graypoint LLC now owns 9,752 shares of the company’s stock worth $560,000 after buying an additional 184 shares during the last quarter. Global Wealth Management Investment Advisory Inc. increased its holdings in Carrier Global by 16.0% during the third quarter. Global Wealth Management Investment Advisory Inc. now owns 1,450 shares of the company’s stock worth $80,000 after buying an additional 200 shares during the last quarter. Operose Advisors LLC increased its holdings in shares of Carrier Global by 44.4% in the third quarter. Operose Advisors LLC now owns 650 shares of the company’s stock valued at $36,000 after purchasing an additional 200 shares during the last quarter. Finally, Boston Financial Mangement LLC increased its holdings in shares of Carrier Global by 2.2% in the third quarter. Boston Financial Mangement LLC now owns 9,399 shares of the company’s stock valued at $519,000 after purchasing an additional 201 shares during the last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Carrier Global Stock Down 0.3 %

Carrier Global stock traded down $0.18 during midday trading on Thursday, hitting $60.94. 3,608,161 shares of the company were exchanged, compared to its average volume of 4,885,140. The company’s fifty day moving average price is $57.02 and its 200-day moving average price is $54.98. Carrier Global Co. has a fifty-two week low of $40.28 and a fifty-two week high of $63.79. The company has a market cap of $54.91 billion, a PE ratio of 42.74, a price-to-earnings-growth ratio of 2.59 and a beta of 1.34. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.36 and a quick ratio of 0.99.

Carrier Global (NYSE:CARR) last posted its quarterly earnings results on Thursday, April 25th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.12. The business had revenue of $6.18 billion for the quarter, compared to analyst estimates of $6.27 billion. Carrier Global had a return on equity of 26.01% and a net margin of 5.41%. On average, research analysts predict that Carrier Global Co. will post 2.85 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Friday, May 3rd will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $0.76 annualized dividend and a yield of 1.25%. Carrier Global’s dividend payout ratio is currently 53.15%.

Insider Activity

In related news, CEO David L. Gitlin sold 354,539 shares of the stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $54.16, for a total value of $19,201,832.24. Following the completion of the sale, the chief executive officer now directly owns 422,808 shares of the company’s stock, valued at approximately $22,899,281.28. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, VP Kevin J. O’connor sold 26,551 shares of Carrier Global stock in a transaction dated Thursday, February 8th. The stock was 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 of the company’s stock, valued at $3,553,282.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David L. Gitlin sold 354,539 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $54.16, for a total value of $19,201,832.24. Following the sale, the chief executive officer now directly owns 422,808 shares of the company’s stock, valued at $22,899,281.28. The disclosure for this sale can be found here. Insiders sold a total of 541,005 shares of company stock valued at $30,536,214 over the last three months. Insiders own 6.95% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on CARR. Royal Bank of Canada decreased their price target 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. Barclays upped their target price on shares of Carrier Global from $78.00 to $79.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. Wells Fargo & Company raised their price objective on shares of Carrier Global from $59.00 to $66.00 and gave the stock an “equal weight” rating in a report on Friday, April 26th. TD Cowen lifted their target price on shares of Carrier Global from $66.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Oppenheimer lifted their target price on shares of Carrier Global from $63.00 to $64.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $62.62.

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.