V Square Quantitative Management LLC Grows Position in Carrier Global Co. (NYSE:CARR)

V Square Quantitative Management LLC increased its position in Carrier Global Co. (NYSE:CARR) by 13.9% during the third quarter, HoldingsChannel.com reports. The firm owned 17,289 shares of the company’s stock after acquiring an additional 2,116 shares during the quarter. V Square Quantitative Management LLC’s holdings in Carrier Global were worth $1,392,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CARR. Olistico Wealth LLC purchased a new position in shares of Carrier Global during the 2nd quarter worth $25,000. Meeder Asset Management Inc. grew its position in shares of Carrier Global by 675.0% during the second quarter. Meeder Asset Management Inc. now owns 465 shares of the company’s stock valued at $29,000 after purchasing an additional 405 shares in the last quarter. Country Trust Bank bought a new stake in Carrier Global in the 3rd quarter worth approximately $40,000. EdgeRock Capital LLC bought a new stake in Carrier Global in the second quarter worth $32,000. Finally, Hantz Financial Services Inc. bought a new position in shares of Carrier Global in the 2nd quarter valued at about $35,000. 91.00% of the stock is owned by institutional investors.

Carrier Global Stock Performance

NYSE CARR traded up $0.13 during trading on Friday, reaching $81.57. The company’s stock had a trading volume of 264,303 shares, compared to its average volume of 4,120,535. The firm has a market cap of $73.50 billion, a price-to-earnings ratio of 56.95, a P/E/G ratio of 2.94 and a beta of 1.32. Carrier Global Co. has a twelve month low of $45.68 and a twelve month high of $83.32. The business’s fifty day moving average price is $74.97 and its 200-day moving average price is $66.98. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.80 and a current ratio of 1.08.

Carrier Global (NYSE:CARR) last released its earnings results on Thursday, July 25th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02. Carrier Global had a return on equity of 23.68% and a net margin of 14.27%. The business had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.05 billion. During the same quarter in the previous year, the company posted $0.79 earnings per share. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. As a group, analysts anticipate 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 Monday, November 18th. Stockholders of record on Friday, October 25th will be paid a dividend of $0.19 per share. The ex-dividend date is Friday, October 25th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.93%. Carrier Global’s dividend payout ratio (DPR) is 53.15%.

Wall Street Analysts Forecast Growth

CARR has been the subject of a number of research analyst reports. Baird R W upgraded shares of Carrier Global from a “hold” rating to a “strong-buy” rating in a report on Monday, July 15th. Robert W. Baird decreased their target price on shares of Carrier Global from $75.00 to $74.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. Barclays boosted their price target on Carrier Global from $81.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Royal Bank of Canada increased their price objective on Carrier Global from $72.00 to $79.00 and gave the company an “outperform” rating in a report on Thursday, September 5th. Finally, Stephens downgraded Carrier Global from an “overweight” rating to an “equal weight” rating and increased their price target for the stock from $75.00 to $85.00 in a research report on Wednesday. Seven analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $79.83.

Insider Buying and Selling

In other Carrier Global news, VP Ajay Agrawal sold 62,382 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $64.55, for a total transaction of $4,026,758.10. Following the transaction, the vice president now owns 103,066 shares in the company, valued at approximately $6,652,910.30. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 6.95% of the stock is currently owned by corporate 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.