Wealth Enhancement Advisory Services LLC Sells 5,118 Shares of Carrier Global Co. (NYSE:CARR)

Wealth Enhancement Advisory Services LLC lowered its position in Carrier Global Co. (NYSE:CARR) by 1.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 480,438 shares of the company’s stock after selling 5,118 shares during the period. Wealth Enhancement Advisory Services LLC owned 0.05% of Carrier Global worth $27,928,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. McClarren Financial Advisors Inc. grew its stake in shares of Carrier Global by 86.7% in the 4th quarter. McClarren Financial Advisors Inc. now owns 435 shares of the company’s stock worth $25,000 after buying an additional 202 shares during the last quarter. DiNuzzo Private Wealth Inc. purchased a new stake in shares of Carrier Global in the 4th quarter worth approximately $25,000. EdgeRock Capital LLC purchased a new stake in shares of Carrier Global in the 4th quarter worth approximately $27,000. VisionPoint Advisory Group LLC purchased a new stake in Carrier Global during the 3rd quarter valued at $30,000. Finally, Criterion Capital Advisors LLC purchased a new stake in Carrier Global during the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the company. Robert W. Baird increased their target price on Carrier Global from $60.00 to $64.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. TD Cowen increased their target price on Carrier Global from $66.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, April 29th. Citigroup upgraded Carrier Global from a “neutral” rating to a “buy” rating and increased their target price for the company from $65.00 to $74.00 in a research note on Monday. Barclays increased their target price on Carrier Global from $79.00 to $81.00 and gave the company an “overweight” rating in a research note on Friday, June 14th. Finally, Wells Fargo & Company increased their price target on Carrier Global from $59.00 to $66.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $64.14.

Carrier Global Stock Performance

Carrier Global stock traded up $0.40 during trading on Thursday, reaching $63.26. The company had a trading volume of 3,027,417 shares, compared to its average volume of 4,487,535. Carrier Global Co. has a 52 week low of $45.68 and a 52 week high of $66.50. The firm’s 50-day simple moving average is $62.79 and its 200 day simple moving average is $58.61. The firm has a market capitalization of $57.00 billion, a price-to-earnings ratio of 44.33, a price-to-earnings-growth ratio of 2.58 and a beta of 1.33. The company has a current ratio of 1.36, a quick ratio of 0.99 and a debt-to-equity ratio of 1.31.

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

Carrier Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 8th. Shareholders of record on Friday, June 21st will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, June 21st. This represents a $0.76 dividend on an annualized basis and a yield of 1.20%. Carrier Global’s dividend payout ratio is presently 53.15%.

Insider Buying and Selling at Carrier Global

In other Carrier Global news, VP Nadia Villeneuve sold 98,428 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $65.40, for a total transaction of $6,437,191.20. Following the sale, the vice president now directly owns 85,028 shares of the company’s stock, valued at $5,560,831.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CAO Kyle Crockett sold 4,611 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $66.39, for a total transaction of $306,124.29. Following the completion of the transaction, the chief accounting officer now owns 2,042 shares in the company, valued at $135,568.38. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Nadia Villeneuve sold 98,428 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $65.40, for a total value of $6,437,191.20. Following the transaction, the vice president now owns 85,028 shares of the company’s stock, valued at approximately $5,560,831.20. The disclosure for this sale can be found here. Insiders have sold a total of 262,954 shares of company stock valued at $16,650,050 over the last ninety days. 6.95% of the stock is currently owned by company insiders.

Carrier Global 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.