Orion Portfolio Solutions LLC Buys 12,112 Shares of Carrier Global Co. (NYSE:CARR)

Orion Portfolio Solutions LLC increased its stake in Carrier Global Co. (NYSE:CARRFree Report) by 46.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,216 shares of the company’s stock after acquiring an additional 12,112 shares during the period. Orion Portfolio Solutions LLC’s holdings in Carrier Global were worth $2,156,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of CARR. Fisher Asset Management LLC grew its stake in shares of Carrier Global by 2.3% in the 4th quarter. Fisher Asset Management LLC now owns 13,293,503 shares of the company’s stock worth $763,712,000 after buying an additional 296,725 shares during the last quarter. Northern Trust Corp grew its stake in shares of Carrier Global by 3.4% in the 3rd quarter. Northern Trust Corp now owns 8,941,301 shares of the company’s stock worth $493,560,000 after buying an additional 289,973 shares during the last quarter. Norges Bank bought a new position in Carrier Global in the 4th quarter valued at approximately $444,487,000. FMR LLC lifted its position in Carrier Global by 18.3% in the 3rd quarter. FMR LLC now owns 6,666,775 shares of the company’s stock valued at $368,006,000 after acquiring an additional 1,033,484 shares in the last quarter. Finally, PineStone Asset Management Inc. lifted its position in Carrier Global by 21.6% in the 4th quarter. PineStone Asset Management Inc. now owns 4,752,550 shares of the company’s stock valued at $273,034,000 after acquiring an additional 845,622 shares in the last quarter. Institutional investors own 91.00% of the company’s stock.

Insider Buying and Selling at Carrier Global

In other Carrier Global news, CAO Kyle Crockett sold 4,611 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $66.39, for a total transaction of $306,124.29. Following the transaction, the chief accounting officer now owns 2,042 shares of the company’s stock, valued at approximately $135,568.38. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CAO Kyle Crockett sold 4,611 shares of Carrier Global stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $66.39, for a total value of $306,124.29. Following the transaction, the chief accounting officer now owns 2,042 shares of the company’s stock, valued at approximately $135,568.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jurgen Timperman sold 159,915 shares of Carrier Global stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $61.95, for a total transaction of $9,906,734.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 262,954 shares of company stock valued at $16,650,050. Company insiders own 6.95% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on CARR shares. Royal Bank of Canada decreased their target price on Carrier Global from $63.00 to $60.00 and set an “outperform” rating on the stock in a report on Wednesday, February 7th. Barclays raised their target price on Carrier Global from $78.00 to $79.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. Oppenheimer increased their price target on Carrier Global from $63.00 to $64.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Wells Fargo & Company increased their price target on Carrier Global from $59.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Friday, April 26th. Finally, Citigroup increased their price target on Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $62.71.

Get Our Latest Stock Report on CARR

Carrier Global Trading Up 0.4 %

NYSE CARR opened at $63.34 on Friday. The stock has a market cap of $57.07 billion, a P/E ratio of 44.29, a PEG ratio of 2.61 and a beta of 1.34. The company’s fifty day simple moving average is $60.26 and its 200-day simple moving average is $57.15. The company has a current ratio of 1.36, a quick ratio of 0.99 and a debt-to-equity ratio of 1.31. Carrier Global Co. has a 52 week low of $40.49 and a 52 week high of $66.50.

Carrier Global (NYSE:CARRGet Free Report) last posted its quarterly earnings data on Thursday, April 25th. The company reported $0.62 EPS for the quarter, beating 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 firm had revenue of $6.18 billion for the quarter, compared to the consensus estimate of $6.27 billion. Equities research analysts predict that Carrier Global Co. will post 2.85 EPS for the current fiscal year.

Carrier Global Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Friday, May 3rd were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Thursday, May 2nd. This represents a $0.76 annualized dividend and a yield of 1.20%. Carrier Global’s payout ratio is 53.15%.

About Carrier Global

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Carrier Global (NYSE:CARR)

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