Trust Co. of Virginia VA purchased a new stake in Carrier Global (NYSE:CARR) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,563 shares of the company’s stock, valued at approximately $323,000.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Malaga Cove Capital LLC acquired a new stake in shares of Carrier Global during the 2nd quarter valued at approximately $565,000. Pacer Advisors Inc. lifted its stake in Carrier Global by 3,736.1% in the 2nd quarter. Pacer Advisors Inc. now owns 68,282 shares of the company’s stock worth $1,517,000 after acquiring an additional 66,502 shares in the last quarter. Eos Management L.P. purchased a new stake in Carrier Global in the 2nd quarter worth about $181,000. Chicago Capital LLC purchased a new stake in Carrier Global in the 2nd quarter worth about $324,000. Finally, Shine Investment Advisory Services Inc. acquired a new position in Carrier Global in the 2nd quarter worth about $53,000. Institutional investors and hedge funds own 0.88% of the company’s stock.
Shares of NYSE CARR opened at $27.24 on Friday. The stock’s 50 day simple moving average is $23.84. The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.99 and a current ratio of 1.34. Carrier Global has a twelve month low of $11.50 and a twelve month high of $27.72.
Carrier Global (NYSE:CARR) last posted its earnings results on Thursday, July 30th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.27 by $0.06. The firm had revenue of $3.97 billion during the quarter, compared to analyst estimates of $3.63 billion. On average, analysts anticipate that Carrier Global will post 1.38 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Friday, June 26th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend was Thursday, June 25th.
In other Carrier Global news, CEO David L. Gitlin bought 57,580 shares of the business’s stock in a transaction on Monday, May 18th. The stock was purchased at an average cost of $17.77 per share, for a total transaction of $1,023,196.60. Also, Director John J. Greisch bought 35,000 shares of the business’s stock in a transaction on Monday, May 18th. The shares were acquired at an average price of $17.77 per share, with a total value of $621,950.00.
A number of brokerages have recently commented on CARR. JPMorgan Chase & Co. lowered Carrier Global from an “overweight” rating to a “neutral” rating and set a $20.00 price objective on the stock. in a report on Wednesday, June 10th. Zacks Investment Research raised Carrier Global from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a report on Tuesday, July 21st. William Blair reaffirmed a “market perform” rating on shares of Carrier Global in a report on Monday, May 11th. UBS Group began coverage on Carrier Global in a report on Monday, June 22nd. They issued a “buy” rating and a $26.00 target price on the stock. Finally, Argus began coverage on Carrier Global in a report on Tuesday, June 16th. They issued a “buy” rating and a $28.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Carrier Global presently has a consensus rating of “Hold” and a consensus price target of $22.90.
Carrier Global Company Profile
There is no company description available for Carrier Global Corp.
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