Vanguard Group Inc. Purchases 466,829 Shares of Carrier Global Co. (NYSE:CARR)

Vanguard Group Inc. lifted its position in Carrier Global Co. (NYSE:CARR) by 0.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 94,289,980 shares of the company’s stock after purchasing an additional 466,829 shares during the quarter. Vanguard Group Inc. owned 10.46% of Carrier Global worth $5,481,077,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in CARR. Capital Research Global Investors grew its holdings in Carrier Global by 3.3% during the 4th quarter. Capital Research Global Investors now owns 92,829,907 shares of the company’s stock worth $5,333,084,000 after acquiring an additional 2,961,923 shares during the last quarter. Capital International Investors grew its holdings in Carrier Global by 0.6% during the 4th quarter. Capital International Investors now owns 81,063,464 shares of the company’s stock worth $4,657,260,000 after acquiring an additional 443,568 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Carrier Global by 280.1% during the 1st quarter. JPMorgan Chase & Co. now owns 23,098,687 shares of the company’s stock worth $1,342,727,000 after acquiring an additional 17,021,768 shares during the last quarter. Fisher Asset Management LLC grew its holdings in Carrier Global by 2.4% during the 4th quarter. Fisher Asset Management LLC now owns 13,307,231 shares of the company’s stock worth $764,500,000 after acquiring an additional 310,453 shares during the last quarter. Finally, Norges Bank bought a new stake in Carrier Global during the 4th quarter worth about $444,487,000. Institutional investors own 91.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CARR. Robert W. Baird raised shares of Carrier Global from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $64.00 to $75.00 in a report on Monday, July 15th. Wells Fargo & Company increased their price objective on shares of Carrier Global from $59.00 to $66.00 and gave the stock an “equal weight” rating in a report on Friday, April 26th. Oppenheimer upped their target price on shares of Carrier Global from $64.00 to $71.00 and gave the company an “outperform” rating in a research report on Thursday, June 27th. Citigroup upgraded shares of Carrier Global from a “neutral” rating to a “buy” rating and upped their target price for the company from $65.00 to $74.00 in a research report on Monday, June 24th. Finally, Barclays upped their target price on shares of Carrier Global from $79.00 to $81.00 and gave the company an “overweight” rating in a research report on Friday, June 14th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $64.93.

Insiders Place Their Bets

In other Carrier Global 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 filing with the SEC, which is available through the SEC website. In other Carrier Global news, VP Nadia Villeneuve sold 98,428 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were 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 in the company, valued at approximately $5,560,831.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jurgen Timperman sold 159,915 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $61.95, for a total transaction of $9,906,734.25. The disclosure for this sale can be found here. In the last three months, insiders have sold 262,954 shares of company stock worth $16,650,050. Company insiders own 6.95% of the company’s stock.

Carrier Global Trading Down 1.2 %

Shares of NYSE:CARR traded down $0.81 during mid-day trading on Friday, reaching $66.24. The stock had a trading volume of 2,822,408 shares, compared to its average volume of 4,008,864. The firm has a market cap of $59.68 billion, a PE ratio of 46.32, a price-to-earnings-growth ratio of 2.58 and a beta of 1.32. The firm has a 50 day simple moving average of $64.35 and a two-hundred day simple moving average of $59.53. 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 Co. has a twelve month low of $45.68 and a twelve month high of $70.09.

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

Carrier Global Announces Dividend

The business also recently announced 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 annualized dividend and a yield of 1.15%. Carrier Global’s dividend payout ratio (DPR) is currently 53.15%.

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.