MJP Associates Inc. ADV Purchases 413 Shares of Carrier Global Co. (NYSE:CARR)

MJP Associates Inc. ADV lifted its holdings in shares of Carrier Global Co. (NYSE:CARR) by 5.9% in the second quarter, HoldingsChannel.com reports. The fund owned 7,459 shares of the company’s stock after acquiring an additional 413 shares during the period. MJP Associates Inc. ADV’s holdings in Carrier Global were worth $470,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. McClarren Financial Advisors Inc. lifted its holdings in Carrier Global by 86.7% in the 4th quarter. McClarren Financial Advisors Inc. now owns 435 shares of the company’s stock worth $25,000 after buying an additional 202 shares during the period. DiNuzzo Private Wealth Inc. purchased a new position in Carrier Global in the 4th quarter worth approximately $25,000. Olistico Wealth LLC bought a new stake in Carrier Global in the 2nd quarter worth approximately $25,000. EdgeRock Capital LLC purchased a new position in shares of Carrier Global in the 4th quarter worth approximately $27,000. Finally, Criterion Capital Advisors LLC bought a new stake in shares of Carrier Global during the 4th quarter worth approximately $32,000. 91.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CARR has been the subject of several recent analyst reports. Robert W. Baird lowered their price target on Carrier Global from $75.00 to $74.00 and set an “outperform” rating for the company in a report on Friday, July 26th. Citigroup upgraded Carrier Global from a “neutral” rating to a “buy” rating and upped their price target for the stock from $65.00 to $74.00 in a report on Monday, June 24th. Bank of America upgraded Carrier Global from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $55.00 to $72.00 in a research note on Monday, July 29th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $72.00 price target on shares of Carrier Global in a research note on Friday, July 26th. Finally, Wells Fargo & Company upped their price objective on shares of Carrier Global from $59.00 to $66.00 and gave the company an “equal weight” rating in a research note on Friday, April 26th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Carrier Global currently has an average rating of “Hold” and a consensus target price of $66.77.

Insider Transactions at Carrier Global

In other Carrier Global news, VP Ajay Agrawal sold 62,382 shares of the stock in a transaction 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 sale, the vice president now directly owns 103,066 shares in the company, valued at approximately $6,652,910.30. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Carrier Global news, VP Ajay Agrawal sold 62,382 shares of Carrier Global stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $64.55, for a total value of $4,026,758.10. Following the sale, the vice president now directly owns 103,066 shares in the company, valued at approximately $6,652,910.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Kyle Crockett sold 4,611 shares of Carrier Global stock in a transaction that occurred 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 owns 2,042 shares of the company’s stock, valued at approximately $135,568.38. The disclosure for this sale can be found here. Corporate insiders own 6.95% of the company’s stock.

Carrier Global Trading Down 0.2 %

Carrier Global stock traded down $0.10 during trading hours on Friday, reaching $64.38. 2,339,901 shares of the company’s stock were exchanged, compared to its average volume of 4,398,888. Carrier Global Co. has a twelve month low of $45.68 and a twelve month high of $70.09. The firm has a market capitalization of $58.01 billion, a PE ratio of 45.02, a PEG ratio of 2.63 and a beta of 1.32. The firm’s 50 day simple moving average is $64.63 and its 200 day simple moving average is $60.60. The company has a quick ratio of 0.80, a current ratio of 1.08 and a debt-to-equity ratio of 0.80.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Thursday, July 25th. The company reported $0.87 earnings per share 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 posted $0.79 EPS. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. Research analysts predict that Carrier Global Co. will post 2.84 earnings per share for the current year.

Carrier Global Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 8th. Investors of record on Friday, June 21st were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Friday, June 21st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.18%. Carrier Global’s dividend payout ratio is presently 53.15%.

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.