First Quadrant L P CA Buys New Shares in Carrier Global (NYSE:CARR)
First Quadrant L P CA bought a new stake in Carrier Global (NYSE:CARR) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 16,808 shares of the company’s stock, valued at approximately $373,000.
Several other large investors have also recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA acquired a new stake in Carrier Global during the 1st quarter valued at $73,800,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in Carrier Global during the 2nd quarter valued at $78,712,000. Raymond James & Associates acquired a new stake in Carrier Global during the 2nd quarter valued at $25,509,000. New York State Teachers Retirement System acquired a new stake in Carrier Global during the 2nd quarter valued at $23,501,000. Finally, Mn Services Vermogensbeheer B.V. acquired a new stake in Carrier Global during the 2nd quarter valued at $15,525,000. 0.88% of the stock is owned by institutional investors and hedge funds.
In other Carrier Global news, Director John J. Greisch bought 35,000 shares of the firm’s stock in a transaction on Monday, May 18th. The shares were purchased at an average price of $17.77 per share, for a total transaction of $621,950.00. Also, CEO David L. Gitlin bought 57,580 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was acquired at an average price of $17.77 per share, for a total transaction of $1,023,196.60.
Carrier Global (NYSE:CARR) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.06. The company had revenue of $3.97 billion during the quarter, compared to analyst estimates of $3.63 billion. On average, sell-side analysts predict that Carrier Global will post 1.38 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Friday, June 26th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend was Thursday, June 25th.
Several brokerages have issued reports on CARR. Vertical Research began coverage on Carrier Global in a report on Monday, April 6th. They set a “hold” rating and a $18.00 price target for the company. Atlantic Securities began coverage on Carrier Global in a report on Tuesday, May 19th. They set an “overweight” rating for the company. JPMorgan Chase & Co. downgraded 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. Citigroup raised their price target on Carrier Global from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Finally, Zacks Investment Research raised Carrier Global from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a report on Tuesday, July 21st. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $22.90.
Carrier Global Company Profile
There is no company description available for Carrier Global Corp.
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