Atria Wealth Solutions Inc. Has $2.01 Million Holdings in Carrier Global Co. (NYSE:CARR)

Atria Wealth Solutions Inc. lowered its stake in Carrier Global Co. (NYSE:CARR) by 2.6% in the fourth quarter, Holdings Channel reports. The fund owned 34,874 shares of the company’s stock after selling 932 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Carrier Global were worth $2,005,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Beese Fulmer Investment Management Inc. boosted its position in Carrier Global by 0.9% in the fourth quarter. Beese Fulmer Investment Management Inc. now owns 19,474 shares of the company’s stock valued at $1,119,000 after buying an additional 181 shares in the last quarter. Graypoint LLC grew its position in Carrier Global by 1.9% during the 4th quarter. Graypoint LLC now owns 9,752 shares of the company’s stock worth $560,000 after acquiring an additional 184 shares during the last quarter. Global Wealth Management Investment Advisory Inc. increased its holdings in Carrier Global by 16.0% in the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 1,450 shares of the company’s stock worth $80,000 after purchasing an additional 200 shares in the last quarter. Operose Advisors LLC raised its position in 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 boosted its stake in shares of Carrier Global by 2.2% during 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 in the last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Carrier Global Stock Up 3.8 %

Shares of NYSE CARR opened at $62.77 on Tuesday. Carrier Global Co. has a 12-month low of $40.28 and a 12-month high of $62.88. The company has a quick ratio of 0.99, a current ratio of 1.36 and a debt-to-equity ratio of 1.31. The firm has a market cap of $56.50 billion, a PE ratio of 43.90, a P/E/G ratio of 2.53 and a beta of 1.39. The company’s fifty day simple moving average is $56.72 and its 200 day simple moving average is $54.88.

Carrier Global (NYSE:CARR) last released its quarterly earnings data on Thursday, April 25th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.12. Carrier Global had a net margin of 5.41% and a return on equity of 26.01%. The company had revenue of $6.18 billion for the quarter, compared to analysts’ expectations of $6.27 billion. As a group, sell-side analysts forecast that Carrier Global Co. will post 2.84 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Friday, May 3rd will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.21%. The ex-dividend date is Thursday, May 2nd. Carrier Global’s payout ratio is currently 53.15%.

Wall Street Analysts Forecast Growth

CARR has been the subject of a number of research reports. TD Cowen raised their price objective on shares of Carrier Global from $66.00 to $70.00 and gave the company a “buy” rating in a report on Monday. Citigroup raised their price target on shares of Carrier Global from $60.00 to $63.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Wells Fargo & Company increased their price objective on Carrier Global from $59.00 to $66.00 and gave the company an “equal weight” rating in a report on Friday. Barclays raised their price target on shares of Carrier Global from $78.00 to $79.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Royal Bank of Canada decreased their price objective on shares of Carrier Global from $63.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, February 7th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $62.62.

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 on 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 transaction, the chief executive officer now directly owns 422,808 shares of the company’s stock, valued at $22,899,281.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, VP Kevin J. O’connor sold 26,551 shares of the company’s stock in a transaction 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 completion of the sale, the vice president now owns 66,083 shares in the company, valued at $3,553,282.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $19,201,832.24. Following the transaction, the chief executive officer now directly owns 422,808 shares in the company, valued at $22,899,281.28. The disclosure for this sale can be found here. 6.95% of the stock is currently owned by company insiders.

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.