Farther Finance Advisors LLC Has $427,000 Holdings in Carrier Global Co. (NYSE:CARR)

Farther Finance Advisors LLC raised its position in shares of Carrier Global Co. (NYSE:CARR) by 36.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,904 shares of the company’s stock after acquiring an additional 1,843 shares during the period. Farther Finance Advisors LLC’s holdings in Carrier Global were worth $427,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Nordea Investment Management AB boosted its holdings in shares of Carrier Global by 5.5% during the first quarter. Nordea Investment Management AB now owns 822,954 shares of the company’s stock worth $47,633,000 after acquiring an additional 43,002 shares during the period. Nomura Holdings Inc. bought a new stake in shares of Carrier Global during the fourth quarter worth approximately $973,000. Versor Investments LP acquired a new position in shares of Carrier Global in the fourth quarter valued at about $1,132,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in Carrier Global by 50.1% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 390,272 shares of the company’s stock worth $22,687,000 after acquiring an additional 130,192 shares during the period. Finally, GLOBALT Investments LLC GA acquired a new stake in Carrier Global in the 4th quarter worth about $859,000. Institutional investors own 91.00% of the company’s stock.

Insider Buying and Selling

In other Carrier Global news, VP Ajay Agrawal sold 62,382 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $64.55, for a total value of $4,026,758.10. Following the completion of the transaction, the vice president now directly owns 103,066 shares in the company, valued at approximately $6,652,910.30. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 6.95% of the stock is owned by corporate insiders.

Analyst Ratings Changes

CARR has been the topic of a number of analyst reports. Citigroup upgraded shares of Carrier Global from a “neutral” rating to a “buy” rating and increased their target price for the stock from $65.00 to $74.00 in a research report on Monday, June 24th. Royal Bank of Canada restated an “outperform” rating and set a $72.00 price objective on shares of Carrier Global in a research note on Friday, July 26th. Oppenheimer lifted their price objective on Carrier Global from $70.00 to $74.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Barclays increased their target price on Carrier Global from $79.00 to $81.00 and gave the stock an “overweight” rating in a report on Friday, June 14th. Finally, Bank of America raised Carrier Global from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $55.00 to $72.00 in a research note on Monday, July 29th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $67.08.

Carrier Global Stock Performance

Shares of Carrier Global stock opened at $70.06 on Wednesday. The company’s 50 day moving average price is $66.61 and its two-hundred day moving average price is $62.28. The firm has a market capitalization of $63.25 billion, a P/E ratio of 48.99, a P/E/G ratio of 2.90 and a beta of 1.32. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.08 and a quick ratio of 0.80. Carrier Global Co. has a fifty-two week low of $45.68 and a fifty-two week high of $73.06.

Carrier Global (NYSE:CARR) last released its quarterly earnings data on Thursday, July 25th. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.02. Carrier Global had a return on equity of 23.68% and a net margin of 14.27%. The company had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.05 billion. During the same quarter last year, the business posted $0.79 EPS. Carrier Global’s revenue for the quarter was up 11.7% on a year-over-year basis. On average, equities analysts forecast that Carrier Global Co. will post 2.84 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 8th. Investors of record on Friday, June 21st were issued a $0.19 dividend. The ex-dividend date was Friday, June 21st. This represents a $0.76 dividend on an annualized basis and a yield of 1.08%. Carrier Global’s dividend payout ratio (DPR) is presently 53.15%.

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.