Avior Wealth Management LLC Has $73,000 Holdings in Carrier Global Co. (NYSE:CARR)

Avior Wealth Management LLC boosted its position in Carrier Global Co. (NYSE:CARR) by 30.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,278 shares of the company’s stock after acquiring an additional 295 shares during the quarter. Avior Wealth Management LLC’s holdings in Carrier Global were worth $73,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Larson Financial Group LLC grew its stake in Carrier Global by 76.2% in the 3rd quarter. Larson Financial Group LLC now owns 511 shares of the company’s stock valued at $28,000 after buying an additional 221 shares during the last quarter. OFI Invest Asset Management bought a new stake in Carrier Global in the 3rd quarter valued at $28,000. VisionPoint Advisory Group LLC bought a new stake in Carrier Global in the 3rd quarter valued at $30,000. Covestor Ltd boosted its holdings in Carrier Global by 121.2% in the 1st quarter. Covestor Ltd now owns 553 shares of the company’s stock valued at $25,000 after purchasing an additional 303 shares during the period. Finally, Planned Solutions Inc. bought a new stake in Carrier Global in the 4th quarter valued at $33,000. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Carrier Global

In other Carrier Global news, CEO David L. Gitlin sold 354,539 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were 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 owns 422,808 shares in the company, valued at approximately $22,899,281.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO David L. Gitlin sold 354,539 shares of Carrier Global stock in a transaction that occurred 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 sale, the chief executive officer now owns 422,808 shares in the company, valued at approximately $22,899,281.28. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Kevin J. O’connor sold 26,551 shares of Carrier Global stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $53.77, for a total transaction of $1,427,647.27. Following the sale, 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. Corporate insiders own 6.95% of the company’s stock.

Carrier Global Trading Up 0.3 %

Shares of CARR stock opened at $53.53 on Friday. Carrier Global Co. has a 12-month low of $40.28 and a 12-month high of $60.87. The company has a market capitalization of $48.18 billion, a P/E ratio of 33.88, a P/E/G ratio of 2.25 and a beta of 1.39. The firm has a 50-day moving average price of $56.36 and a 200 day moving average price of $54.75. The company has a quick ratio of 2.40, a current ratio of 2.73 and a debt-to-equity ratio of 1.58.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data on Tuesday, February 6th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.02. The firm had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $5.22 billion. Carrier Global had a net margin of 6.10% and a return on equity of 27.19%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter last year, the company posted $0.40 EPS. Research analysts forecast that Carrier Global Co. will post 2.82 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The business also recently disclosed 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. This represents a $0.76 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend is Thursday, May 2nd. Carrier Global’s payout ratio is presently 48.10%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CARR. Oppenheimer reissued an “outperform” rating and issued a $63.00 price target on shares of Carrier Global in a report on Thursday. Barclays raised their price objective on shares of Carrier Global from $71.00 to $78.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Royal Bank of Canada reduced their price objective on shares of Carrier Global from $63.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, February 7th. Citigroup raised their price objective on shares of Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Finally, Wells Fargo & Company reduced their price objective on shares of Carrier Global from $63.00 to $57.00 and set an “equal weight” rating for the company in a report on Wednesday, February 7th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus 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.