Carrier Global Co. (NYSE:CARR) Shares Bought by V Square Quantitative Management LLC

V Square Quantitative Management LLC lifted its holdings in shares of Carrier Global Co. (NYSE:CARR) by 13.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,289 shares of the company’s stock after buying an additional 2,116 shares during the period. V Square Quantitative Management LLC’s holdings in Carrier Global were worth $1,392,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Olistico Wealth LLC purchased a new stake in shares of Carrier Global in the second quarter valued at $25,000. Meeder Asset Management Inc. grew its stake in Carrier Global by 675.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 465 shares of the company’s stock worth $29,000 after buying an additional 405 shares during the last quarter. Country Trust Bank acquired a new stake in shares of Carrier Global in the third quarter valued at approximately $40,000. EdgeRock Capital LLC acquired a new stake in Carrier Global in the second quarter worth about $32,000. Finally, Hantz Financial Services Inc. bought a new position in Carrier Global during the 2nd quarter valued at $35,000. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global Price Performance

NYSE:CARR traded up $0.13 during mid-day trading on Friday, reaching $81.57. The stock had a trading volume of 264,303 shares, compared to its average volume of 4,120,535. The stock has a 50-day simple moving average of $74.97 and a two-hundred day simple moving average of $66.98. The stock has a market capitalization of $73.50 billion, a PE ratio of 56.95, a P/E/G ratio of 2.94 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 12 month low of $45.68 and a 12 month high of $83.32.

Carrier Global (NYSE:CARR) last released its earnings results on Thursday, July 25th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.02. The business had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.05 billion. Carrier Global had a net margin of 14.27% and a return on equity of 23.68%. Carrier Global’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.79 earnings per share. On average, equities analysts anticipate that Carrier Global Co. will post 2.85 earnings per share 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 issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend is Friday, October 25th. Carrier Global’s dividend payout ratio is presently 53.15%.

Insider Buying and Selling at Carrier Global

In related news, VP Ajay Agrawal sold 62,382 shares of Carrier Global 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 trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 6.95% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on CARR shares. Citigroup upgraded shares of Carrier Global from a “neutral” rating to a “buy” rating and raised their target price for the stock from $65.00 to $74.00 in a report on Monday, June 24th. Robert W. Baird reduced their price target on Carrier Global from $75.00 to $74.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. Royal Bank of Canada raised their target price on shares of Carrier Global from $72.00 to $79.00 and gave the company an “outperform” rating in a research note on Thursday, September 5th. Morgan Stanley assumed coverage on Carrier Global in a report on Friday, September 6th. They set an “equal weight” rating and a $75.00 price target for the company. Finally, Stephens downgraded Carrier Global from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $75.00 to $85.00 in a research report on Wednesday. Seven analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $79.83.

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.