Crewe Advisors LLC Makes New $146,000 Investment in Carrier Global Co. (NYSE:CARR)

Crewe Advisors LLC purchased a new position in shares of Carrier Global Co. (NYSE:CARR) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,504 shares of the company’s stock, valued at approximately $146,000.

A number of other hedge funds also recently bought and sold shares of the business. Manchester Capital Management LLC boosted its position in Carrier Global by 4.3% during the first quarter. Manchester Capital Management LLC now owns 4,385 shares of the company’s stock worth $255,000 after purchasing an additional 180 shares in the last quarter. Sunbelt Securities Inc. lifted its position in shares of Carrier Global by 2.3% in the first quarter. Sunbelt Securities Inc. now owns 8,033 shares of the company’s stock valued at $467,000 after acquiring an additional 182 shares in the last quarter. Graypoint LLC lifted its position in shares of Carrier Global by 1.9% in the fourth quarter. Graypoint LLC now owns 9,752 shares of the company’s stock valued at $560,000 after acquiring an additional 184 shares in the last quarter. Sovereign Financial Group Inc. lifted its position in shares of Carrier Global by 4.7% in the fourth quarter. Sovereign Financial Group Inc. now owns 4,224 shares of the company’s stock valued at $243,000 after acquiring an additional 188 shares in the last quarter. Finally, Checchi Capital Advisers LLC lifted its position in shares of Carrier Global by 2.3% in the first quarter. Checchi Capital Advisers LLC now owns 8,900 shares of the company’s stock valued at $517,000 after acquiring an additional 197 shares in the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Wall Street Analyst Weigh In

CARR has been the topic of several research reports. TD Cowen raised their target price on Carrier Global from $66.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, April 29th. Oppenheimer raised their target price on Carrier Global from $64.00 to $71.00 and gave the company an “outperform” rating in a research report on Thursday, June 27th. Barclays increased their price target on Carrier Global from $79.00 to $81.00 and gave the company an “overweight” rating in a report on Friday, June 14th. Citigroup raised Carrier Global from a “neutral” rating to a “buy” rating and increased their price target for the company from $65.00 to $74.00 in a report on Monday, June 24th. Finally, Baird R W raised Carrier Global from a “hold” rating to a “strong-buy” rating in a report on Monday, July 15th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Carrier Global has a consensus rating of “Hold” and an average price target of $64.93.

Insider Transactions at Carrier Global

In other news, CAO Kyle Crockett sold 4,611 shares of the firm’s stock in a transaction on 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 directly owns 2,042 shares in the company, valued at $135,568.38. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CAO Kyle Crockett sold 4,611 shares of Carrier Global stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $66.39, for a total value of $306,124.29. Following the completion of the transaction, the chief accounting officer now directly owns 2,042 shares in the company, valued at $135,568.38. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jurgen Timperman sold 159,915 shares of Carrier Global stock in a transaction 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. Insiders sold a total of 262,954 shares of company stock worth $16,650,050 over the last ninety days. Company insiders own 6.95% of the company’s stock.

Carrier Global Trading Down 1.7 %

CARR stock traded down $1.15 during midday trading on Thursday, hitting $64.84. 7,590,020 shares of the company’s stock were exchanged, compared to its average volume of 4,473,047. The business has a 50-day simple moving average of $64.49 and a two-hundred day simple moving average of $59.82. The company has a current ratio of 1.36, a quick ratio of 0.99 and a debt-to-equity ratio of 1.31. The stock has a market capitalization of $58.42 billion, a PE ratio of 45.34, a P/E/G ratio of 2.66 and a beta of 1.32. Carrier Global Co. has a 1-year low of $45.68 and a 1-year high of $70.09.

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

Carrier Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 8th. Stockholders 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 annualized dividend and a dividend yield of 1.17%. Carrier Global’s dividend payout ratio is currently 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.