Axxcess Wealth Management LLC Buys 4,792 Shares of Carrier Global Co. (NYSE:CARR)

Axxcess Wealth Management LLC increased its stake in shares of Carrier Global Co. (NYSE:CARR) by 53.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,808 shares of the company’s stock after purchasing an additional 4,792 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Carrier Global were worth $793,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Carrier Global by 4.2% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 163,655 shares of the company’s stock valued at $9,034,000 after acquiring an additional 6,600 shares during the period. Verdence Capital Advisors LLC lifted its position in Carrier Global by 5.8% during the 3rd quarter. Verdence Capital Advisors LLC now owns 10,401 shares of the company’s stock valued at $574,000 after purchasing an additional 569 shares during the period. BluePath Capital Management LLC bought a new position in shares of Carrier Global in the 3rd quarter valued at about $35,000. Brighton Jones LLC grew its position in shares of Carrier Global by 9.1% during the 3rd quarter. Brighton Jones LLC now owns 4,830 shares of the company’s stock worth $267,000 after buying an additional 402 shares during the period. Finally, Baystate Wealth Management LLC raised its stake in shares of Carrier Global by 24.6% during the third quarter. Baystate Wealth Management LLC now owns 1,509 shares of the company’s stock worth $83,000 after buying an additional 298 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on CARR. TD Cowen raised their price objective 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. Barclays lifted their price objective on Carrier Global from $78.00 to $79.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. Oppenheimer increased their target price on Carrier Global from $63.00 to $64.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Wells Fargo & Company raised their target price on Carrier Global from $59.00 to $66.00 and gave the stock an “equal weight” rating in a report on Friday, April 26th. Finally, Robert W. Baird upped their price target on Carrier Global from $60.00 to $64.00 and gave the company a “neutral” rating in a research note on Friday. Three analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Carrier Global has a consensus rating of “Hold” and an average target price of $62.71.

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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, VP Kevin J. O’connor sold 26,551 shares of Carrier Global stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $53.77, for a total value of $1,427,647.27. Following the sale, the vice president now owns 66,083 shares of the company’s stock, valued at $3,553,282.91. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jurgen Timperman sold 159,915 shares of the stock in a transaction that occurred 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 541,005 shares of company stock worth $30,536,214. Corporate insiders own 6.95% of the company’s stock.

Carrier Global Stock Up 3.2 %

Shares of CARR stock opened at $64.06 on Tuesday. Carrier Global Co. has a 12-month low of $40.49 and a 12-month high of $64.27. 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 fifty day moving average of $57.53 and a 200-day moving average of $55.24. The company has a market capitalization of $57.72 billion, a price-to-earnings ratio of 44.80, a P/E/G ratio of 2.61 and a beta of 1.34.

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

Carrier Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Friday, May 3rd will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend is Thursday, May 2nd. 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.