34,718 Shares in Carrier Global Co. (NYSE:CARR) Purchased by Quadrature Capital Ltd

Quadrature Capital Ltd acquired a new position in Carrier Global Co. (NYSE:CARR) during the first quarter, HoldingsChannel reports. The firm acquired 34,718 shares of the company’s stock, valued at approximately $2,019,000.

A number of other large investors also recently modified their holdings of the company. Pacer Advisors Inc. raised its holdings in shares of Carrier Global by 34.3% during the 4th quarter. Pacer Advisors Inc. now owns 72,863 shares of the company’s stock valued at $4,186,000 after buying an additional 18,589 shares during the period. Kingswood Wealth Advisors LLC purchased a new stake in shares of Carrier Global during the 4th quarter valued at about $275,000. Assenagon Asset Management S.A. raised its holdings in shares of Carrier Global by 128.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 66,036 shares of the company’s stock valued at $3,794,000 after buying an additional 37,153 shares during the period. PFG Investments LLC raised its holdings in shares of Carrier Global by 11.5% during the 4th quarter. PFG Investments LLC now owns 4,052 shares of the company’s stock valued at $233,000 after buying an additional 417 shares during the period. Finally, Planned Solutions Inc. purchased a new stake in shares of Carrier Global during the 4th quarter valued at about $33,000. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Carrier Global Stock Performance

Shares of CARR traded up $1.94 during mid-day trading on Friday, hitting $66.77. The stock had a trading volume of 4,351,536 shares, compared to its average volume of 4,160,366. The company has a market cap of $60.16 billion, a PE ratio of 46.69, a PEG ratio of 2.60 and a beta of 1.32. The company’s fifty day simple moving average is $64.53 and its two-hundred day simple moving average is $59.92. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 0.80. Carrier Global Co. has a fifty-two week low of $45.68 and a fifty-two week high of $70.09.

Carrier Global (NYSE:CARR) last issued its earnings results on Thursday, July 25th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.85 by $0.02. Carrier Global had a return on equity of 23.68% and a net margin of 14.27%. The company had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.05 billion. During the same quarter last year, the firm earned $0.79 EPS. The business’s revenue was up 11.7% on a year-over-year basis. On average, equities analysts expect that Carrier Global Co. will post 2.85 earnings per share for the current year.

Carrier Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 8th. Investors of record on Friday, June 21st will be given 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 1.14%. Carrier Global’s dividend payout ratio is currently 53.15%.

Wall Street Analyst Weigh In

CARR has been the topic of several analyst reports. Baird R W upgraded Carrier Global from a “hold” rating to a “strong-buy” rating in a report on Monday, July 15th. Wells Fargo & Company raised their price objective on Carrier Global from $59.00 to $66.00 and gave the company an “equal weight” rating in a research note on Friday, April 26th. TD Cowen raised their price objective on Carrier Global from $66.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, April 29th. Barclays raised their price objective 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, Oppenheimer lowered their price objective on Carrier Global from $71.00 to $70.00 and set an “outperform” rating for the company in a research note on Friday. Three analysts have rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Carrier Global has an average rating of “Hold” and a consensus target price of $65.64.

Insider Activity at Carrier Global

In related news, VP Nadia Villeneuve sold 98,428 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the vice president now owns 85,028 shares in the company, valued at approximately $5,560,831.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Nadia Villeneuve sold 98,428 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the vice president now owns 85,028 shares in the company, valued at approximately $5,560,831.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Kyle Crockett sold 4,611 shares of Carrier Global stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $66.39, for a total value of $306,124.29. Following the sale, the chief accounting officer now directly owns 2,042 shares in the company, valued at approximately $135,568.38. The disclosure for this sale can be found here. Insiders sold 262,954 shares of company stock worth $16,650,050 in the last 90 days. 6.95% of the stock is currently owned by company insiders.

About Carrier Global

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.