RFG Advisory LLC Purchases 3,085 Shares of Carrier Global Co. (NYSE:CARR)

RFG Advisory LLC lifted its position in Carrier Global Co. (NYSE:CARR) by 43.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,255 shares of the company’s stock after buying an additional 3,085 shares during the period. RFG Advisory LLC’s holdings in Carrier Global were worth $650,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. BOK Financial Private Wealth Inc. boosted its stake in Carrier Global by 80.0% in the 4th quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock worth $25,000 after purchasing an additional 160 shares during the period. Ritter Daniher Financial Advisory LLC DE boosted its stake in Carrier Global by 90.0% in the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 380 shares of the company’s stock worth $26,000 after purchasing an additional 180 shares during the period. Park Square Financial Group LLC acquired a new position in Carrier Global in the 4th quarter worth $28,000. Mattson Financial Services LLC acquired a new position in Carrier Global in the 4th quarter worth $31,000. Finally, Bradley & Co. Private Wealth Management LLC acquired a new position in Carrier Global in the 4th quarter worth $31,000. Institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Down 0.4%

Shares of CARR opened at $71.09 on Friday. Carrier Global Co. has a 12 month low of $54.22 and a 12 month high of $83.32. The firm’s 50 day moving average is $66.27 and its 200-day moving average is $67.70. The stock has a market capitalization of $60.95 billion, a PE ratio of 11.32, a P/E/G ratio of 2.01 and a beta of 1.33. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77.

Carrier Global (NYSE:CARR) last announced its earnings results on Thursday, May 1st. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.58 by $0.07. Carrier Global had a net margin of 23.83% and a return on equity of 18.82%. The company had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $5.17 billion. During the same period last year, the firm earned $0.51 earnings per share. The business’s revenue for the quarter was down 3.7% on a year-over-year basis. Equities research analysts forecast that Carrier Global Co. will post 2.99 EPS for the current year.

Carrier Global Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Friday, May 2nd were issued a dividend of $0.225 per share. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $0.90 annualized dividend and a dividend yield of 1.27%. Carrier Global’s dividend payout ratio is presently 13.93%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CARR shares. JPMorgan Chase & Co. upped their target price on shares of Carrier Global from $66.00 to $79.00 and gave the stock an “overweight” rating in a research note on Friday, May 16th. Mizuho set a $72.00 target price on shares of Carrier Global in a research note on Tuesday, April 22nd. Robert W. Baird increased their price objective on shares of Carrier Global from $80.00 to $88.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 20th. Wolfe Research upgraded shares of Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research note on Monday, February 24th. Finally, Royal Bank of Canada increased their price objective on shares of Carrier Global from $86.00 to $87.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 20th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Carrier Global has a consensus rating of “Moderate Buy” and a consensus price target of $83.00.

Insider Transactions at Carrier Global

In related news, Director Maximilian Viessmann sold 4,267,425 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $70.30, for a total transaction of $299,999,977.50. Following the sale, the director now owns 54,341,534 shares in the company, valued at approximately $3,820,209,840.20. This trade represents a 7.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 7.20% of the company’s stock.

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.