Carrier Global Co. (NYSE:CARR) Shares Acquired by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC lifted its stake in shares of Carrier Global Co. (NYSE:CARR) by 21.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 42,531 shares of the company’s stock after buying an additional 7,422 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Carrier Global were worth $2,472,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brookstone Capital Management lifted its stake in Carrier Global by 5.7% during the fourth quarter. Brookstone Capital Management now owns 4,968 shares of the company’s stock worth $285,000 after purchasing an additional 269 shares during the last quarter. CVA Family Office LLC purchased a new stake in Carrier Global during the fourth quarter worth approximately $97,000. Pacer Advisors Inc. lifted its stake in Carrier Global by 34.3% during the fourth quarter. Pacer Advisors Inc. now owns 72,863 shares of the company’s stock worth $4,186,000 after purchasing an additional 18,589 shares during the last quarter. Kingswood Wealth Advisors LLC purchased a new stake in Carrier Global during the fourth quarter worth approximately $275,000. Finally, Assenagon Asset Management S.A. lifted its stake in Carrier Global by 128.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 66,036 shares of the company’s stock worth $3,794,000 after purchasing an additional 37,153 shares during the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global Trading Down 3.3 %

NYSE:CARR opened at $65.99 on Thursday. The stock’s 50 day simple moving average is $64.50 and its 200-day simple moving average is $59.79. Carrier Global Co. has a 12-month low of $45.68 and a 12-month high of $70.09. The firm has a market cap of $59.46 billion, a P/E ratio of 46.15, a PEG ratio of 2.66 and a beta of 1.32. 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 (NYSE:CARR) last announced its quarterly earnings data on Thursday, April 25th. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.12. Carrier Global had a return on equity of 26.01% and a net margin of 5.41%. The firm had revenue of $6.18 billion for the quarter, compared to analyst estimates of $6.27 billion. Equities analysts anticipate that Carrier Global Co. will post 2.85 EPS for the current year.

Carrier Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 8th. Investors of record on Friday, June 21st will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Friday, June 21st. Carrier Global’s dividend payout ratio is presently 53.15%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CARR. Barclays boosted their target price on Carrier Global from $79.00 to $81.00 and gave the stock an “overweight” rating in a research note on Friday, June 14th. Wells Fargo & Company boosted their price objective on Carrier Global from $59.00 to $66.00 and gave the company an “equal weight” rating in a research note on Friday, April 26th. Robert W. Baird upgraded Carrier Global from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $64.00 to $75.00 in a research note on Monday, July 15th. Baird R W upgraded Carrier Global from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 15th. Finally, TD Cowen boosted their price objective on Carrier Global from $66.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, April 29th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $64.93.

Insider Buying and Selling

In related news, CAO Kyle Crockett sold 4,611 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was 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 $135,568.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Carrier Global news, VP Nadia Villeneuve sold 98,428 shares of the company’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $65.40, for a total value of $6,437,191.20. Following the sale, the vice president now owns 85,028 shares of the company’s stock, valued at $5,560,831.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Kyle Crockett sold 4,611 shares of the company’s stock in a transaction 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 completion of the sale, the chief accounting officer now directly owns 2,042 shares in the company, valued at approximately $135,568.38. The disclosure for this sale can be found here. Insiders have sold 262,954 shares of company stock valued at $16,650,050 over the last quarter. Company insiders own 6.95% of the company’s stock.

Carrier Global Company 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.