InTrack Investment Management Inc Buys 4,565 Shares of Carrier Global Co. (NYSE:CARR)

InTrack Investment Management Inc lifted its holdings in Carrier Global Co. (NYSE:CARR) by 114.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,570 shares of the company’s stock after acquiring an additional 4,565 shares during the period. InTrack Investment Management Inc’s holdings in Carrier Global were worth $690,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CARR. GLOBALT Investments LLC GA bought a new stake in shares of Carrier Global during the 4th quarter valued at about $859,000. V Square Quantitative Management LLC lifted its stake in shares of Carrier Global by 41.5% in the 4th quarter. V Square Quantitative Management LLC now owns 12,511 shares of the company’s stock valued at $719,000 after purchasing an additional 3,670 shares during the period. Virtu Financial LLC purchased a new position in Carrier Global during the fourth quarter valued at $209,000. Syon Capital LLC boosted its stake in Carrier Global by 24.2% during the fourth quarter. Syon Capital LLC now owns 6,628 shares of the company’s stock worth $381,000 after acquiring an additional 1,290 shares in the last quarter. Finally, EP Wealth Advisors LLC boosted its position in shares of Carrier Global by 4.1% in the 4th quarter. EP Wealth Advisors LLC now owns 10,422 shares of the company’s stock worth $599,000 after purchasing an additional 407 shares in the last quarter. 91.00% of the stock is owned by institutional investors.

Carrier Global Stock Up 1.5 %

Shares of NYSE:CARR opened at $81.61 on Friday. The stock’s 50-day moving average price is $73.54 and its two-hundred day moving average price is $66.38. The company has a current ratio of 1.08, a quick ratio of 0.80 and a debt-to-equity ratio of 0.80. Carrier Global Co. has a 12-month low of $45.68 and a 12-month high of $82.16. The firm has a market cap of $73.67 billion, a price-to-earnings ratio of 21.76, a PEG ratio of 2.94 and a beta of 1.32.

Carrier Global (NYSE:CARR) last released its earnings results on Thursday, July 25th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.02. The company had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.05 billion. Carrier Global had a net margin of 14.27% and a return on equity of 23.68%. The company’s revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.79 EPS. On average, research analysts forecast that Carrier Global Co. will post 2.85 EPS for the current year.

Carrier Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Friday, October 25th will be given a $0.19 dividend. The ex-dividend date of this dividend is Friday, October 25th. This represents a $0.76 annualized dividend and a dividend yield of 0.93%. Carrier Global’s dividend payout ratio (DPR) is presently 20.27%.

Wall Street Analyst Weigh In

CARR has been the subject of a number of recent research reports. Baird R W upgraded Carrier Global from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 15th. Citigroup upgraded Carrier Global from a “neutral” rating to a “buy” rating and upped their price target for the stock from $65.00 to $74.00 in a research note on Monday, June 24th. Morgan Stanley initiated coverage on Carrier Global in a research report on Friday, September 6th. They set an “equal weight” rating and a $75.00 price objective for the company. Royal Bank of Canada increased their price objective on shares of Carrier Global from $72.00 to $79.00 and gave the company an “outperform” rating in a research report on Thursday, September 5th. Finally, Bank of America increased their price target on Carrier Global from $72.00 to $80.00 and gave the company a “neutral” rating in a report on Friday, September 13th. Five equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $79.50.

Insiders Place Their Bets

In other Carrier Global news, VP Ajay Agrawal sold 62,382 shares of the stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $64.55, for a total transaction of $4,026,758.10. Following the transaction, the vice president now directly owns 103,066 shares of the company’s stock, valued at $6,652,910.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate 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.