Advantage Trust Co Invests $69,000 in Carrier Global Co. (NYSE:CARR)

Advantage Trust Co acquired a new stake in Carrier Global Co. (NYSE:CARR) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,200 shares of the company’s stock, valued at approximately $69,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Modera Wealth Management LLC raised its stake in shares of Carrier Global by 19.4% during the 3rd quarter. Modera Wealth Management LLC now owns 21,099 shares of the company’s stock worth $1,165,000 after buying an additional 3,430 shares during the last quarter. Pinnacle Financial Partners Inc lifted its holdings in shares of Carrier Global by 9.0% in the fourth quarter. Pinnacle Financial Partners Inc now owns 5,781 shares of the company’s stock valued at $332,000 after purchasing an additional 476 shares in the last quarter. Andrew Hill Investment Advisors Inc. acquired a new stake in shares of Carrier Global in the fourth quarter valued at approximately $2,081,000. abrdn plc increased its stake in shares of Carrier Global by 40.6% during the 4th quarter. abrdn plc now owns 751,661 shares of the company’s stock worth $43,183,000 after purchasing an additional 217,144 shares in the last quarter. Finally, AIA Group Ltd raised its position in shares of Carrier Global by 16.5% during the 4th quarter. AIA Group Ltd now owns 98,959 shares of the company’s stock worth $5,685,000 after purchasing an additional 14,003 shares during the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Trading Up 1.4 %

Shares of NYSE CARR traded up $0.92 during trading on Thursday, hitting $65.23. 2,662,797 shares of the company traded hands, compared to its average volume of 4,811,897. The company has a quick ratio of 0.99, a current ratio of 1.36 and a debt-to-equity ratio of 1.31. The firm has a market capitalization of $58.77 billion, a P/E ratio of 45.62, a P/E/G ratio of 2.61 and a beta of 1.34. The company has a 50-day moving average price of $57.90 and a 200-day moving average price of $55.42. Carrier Global Co. has a 1 year low of $40.49 and a 1 year high of $65.34.

Carrier Global (NYSE:CARR) last announced its quarterly earnings results on Thursday, April 25th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.50 by $0.12. The company had revenue of $6.18 billion during the quarter, compared to analyst estimates of $6.27 billion. Carrier Global had a return on equity of 26.01% and a net margin of 5.41%. On average, equities analysts predict that Carrier Global Co. will post 2.85 EPS for the current year.

Carrier Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Friday, May 3rd will be issued a $0.19 dividend. The ex-dividend date is Thursday, May 2nd. This represents a $0.76 annualized dividend and a yield of 1.17%. Carrier Global’s payout ratio is 53.15%.

Insider Buying and Selling at Carrier Global

In other news, insider Jurgen Timperman sold 159,915 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $61.95, for a total value of $9,906,734.25. The sale was disclosed in a filing with the SEC, which is accessible through this link. 6.95% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on CARR shares. Royal Bank of Canada reduced their target price on Carrier Global from $63.00 to $60.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 7th. Barclays increased their price objective on Carrier Global from $78.00 to $79.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. TD Cowen boosted their target price on shares of Carrier Global from $66.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, April 29th. Citigroup upped their target price on shares of Carrier Global from $60.00 to $63.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Finally, Robert W. Baird lifted their price target on shares of Carrier Global from $60.00 to $64.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $62.71.

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.