Carrier Global Co. (NYSE:CARR) Shares Bought by EP Wealth Advisors LLC

EP Wealth Advisors LLC lifted its stake in shares of Carrier Global Co. (NYSE:CARR) by 7.9% during the first quarter, HoldingsChannel.com reports. The firm owned 11,245 shares of the company’s stock after purchasing an additional 823 shares during the period. EP Wealth Advisors LLC’s holdings in Carrier Global were worth $654,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in Carrier Global by 0.5% during the first quarter. Vanguard Group Inc. now owns 94,289,980 shares of the company’s stock worth $5,481,077,000 after purchasing an additional 466,829 shares during the last quarter. Capital Research Global Investors increased its position in shares of Carrier Global by 3.3% in the fourth quarter. Capital Research Global Investors now owns 92,829,907 shares of the company’s stock valued at $5,333,084,000 after buying an additional 2,961,923 shares in the last quarter. Capital International Investors raised its stake in shares of Carrier Global by 0.6% during the 4th quarter. Capital International Investors now owns 81,063,464 shares of the company’s stock worth $4,657,260,000 after buying an additional 443,568 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Carrier Global by 280.1% in the 1st quarter. JPMorgan Chase & Co. now owns 23,098,687 shares of the company’s stock worth $1,342,727,000 after buying an additional 17,021,768 shares in the last quarter. Finally, Fisher Asset Management LLC grew its stake in Carrier Global by 2.4% in the 4th quarter. Fisher Asset Management LLC now owns 13,307,231 shares of the company’s stock valued at $764,500,000 after acquiring an additional 310,453 shares during the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Analyst Ratings Changes

CARR has been the subject of a number of research reports. Robert W. Baird cut their target price on shares of Carrier Global from $75.00 to $74.00 and set an “outperform” rating for the company in a research report on Friday. Barclays increased their target price on Carrier Global from $79.00 to $81.00 and gave the company an “overweight” rating in a report on Friday, June 14th. Baird R W raised Carrier Global from a “hold” rating to a “strong-buy” rating in a report on Monday, July 15th. Oppenheimer decreased their price objective on Carrier Global from $71.00 to $70.00 and set an “outperform” rating on the stock in a research note on Friday. Finally, Wells Fargo & Company boosted their target price on shares of Carrier Global from $59.00 to $66.00 and gave the company an “equal weight” rating in a research note on Friday, April 26th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Carrier Global has an average rating of “Hold” and a consensus target price of $65.64.

Insiders Place Their Bets

In other Carrier Global news, insider Jurgen Timperman sold 159,915 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $61.95, for a total transaction of $9,906,734.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Carrier Global news, insider Jurgen Timperman sold 159,915 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $61.95, for a total value of $9,906,734.25. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Nadia Villeneuve sold 98,428 shares of the company’s stock in a transaction dated 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 completion of the sale, the vice president now directly owns 85,028 shares of the company’s stock, valued at approximately $5,560,831.20. The disclosure for this sale can be found here. Insiders sold 262,954 shares of company stock worth $16,650,050 over the last three months. 6.95% of the stock is owned by insiders.

Carrier Global Trading Up 3.0 %

Shares of CARR stock traded up $1.94 during trading hours on Friday, hitting $66.77. 4,302,760 shares of the company were exchanged, compared to its average volume of 4,471,861. Carrier Global Co. has a 1 year low of $45.68 and a 1 year high of $70.09. The firm has a fifty day moving average of $64.49 and a 200 day moving average of $59.82. The firm has a market cap of $60.16 billion, a PE ratio of 47.05, a PEG ratio of 2.57 and a beta of 1.32. The company has a quick ratio of 0.99, a current ratio of 1.36 and a debt-to-equity ratio of 1.31.

Carrier Global (NYSE:CARR) last announced its quarterly earnings results on Thursday, July 25th. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02. The company had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.05 billion. Carrier Global had a net margin of 5.41% and a return on equity of 26.01%. Carrier Global’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter last year, the business earned $0.79 EPS. Analysts expect that Carrier Global Co. will post 2.85 earnings per share for the current year.

Carrier Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 8th. Shareholders of record on Friday, June 21st will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, June 21st. This represents a $0.76 annualized dividend and a yield of 1.14%. Carrier Global’s dividend payout ratio is presently 53.15%.

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.