Mitchell & Pahl Private Wealth LLC Acquires 212 Shares of Carrier Global Co. (NYSE:CARR)

Mitchell & Pahl Private Wealth LLC lifted its holdings in Carrier Global Co. (NYSE:CARR) by 4.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 5,161 shares of the company’s stock after buying an additional 212 shares during the period. Mitchell & Pahl Private Wealth LLC’s holdings in Carrier Global were worth $415,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Marathon Capital Management increased its holdings in shares of Carrier Global by 4.1% in the 2nd quarter. Marathon Capital Management now owns 3,923 shares of the company’s stock worth $247,000 after buying an additional 156 shares during the last quarter. Savant Capital LLC grew its holdings in Carrier Global by 0.5% during the 2nd quarter. Savant Capital LLC now owns 32,408 shares of the company’s stock valued at $2,044,000 after purchasing an additional 162 shares during the last quarter. Founders Capital Management LLC grew its holdings in Carrier Global by 3.4% during the 2nd quarter. Founders Capital Management LLC now owns 5,250 shares of the company’s stock valued at $331,000 after purchasing an additional 175 shares during the last quarter. Valeo Financial Advisors LLC grew its holdings in Carrier Global by 1.5% during the 3rd quarter. Valeo Financial Advisors LLC now owns 12,244 shares of the company’s stock valued at $986,000 after purchasing an additional 179 shares during the last quarter. Finally, Manchester Capital Management LLC grew its holdings in Carrier Global by 4.3% during the 1st quarter. Manchester Capital Management LLC now owns 4,385 shares of the company’s stock valued at $255,000 after purchasing an additional 180 shares during the last quarter. 91.00% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CARR. Barclays upped their price target on shares of Carrier Global from $81.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Royal Bank of Canada increased their price target on Carrier Global from $72.00 to $79.00 and gave the stock an “outperform” rating in a research report on Thursday, September 5th. Mizuho increased their price target on Carrier Global from $65.00 to $78.00 and gave the stock a “neutral” rating in a research report on Thursday. Wolfe Research raised Carrier Global from an “underperform” rating to a “peer perform” rating in a research report on Friday, September 6th. Finally, Wells Fargo & Company increased their price target on Carrier Global from $73.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Monday, October 7th. Seven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Carrier Global currently has an average rating of “Moderate Buy” and an average price target of $79.83.

Insider Transactions at Carrier Global

In other news, VP Ajay Agrawal sold 62,382 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $64.55, for a total value of $4,026,758.10. Following the completion of the transaction, the vice president now directly owns 103,066 shares in the company, valued at $6,652,910.30. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 6.95% of the company’s stock.

Carrier Global Stock Up 1.0 %

Carrier Global stock traded up $0.79 during midday trading on Thursday, reaching $81.84. The company’s stock had a trading volume of 666,577 shares, compared to its average volume of 4,130,407. The stock’s 50-day simple moving average is $74.63 and its 200-day simple moving average is $66.88. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.08 and a quick ratio of 0.80. Carrier Global Co. has a 52-week low of $45.68 and a 52-week high of $83.32. The stock has a market capitalization of $73.74 billion, a P/E ratio of 57.37, a PEG ratio of 2.94 and a beta of 1.32.

Carrier Global (NYSE:CARR) last released its quarterly earnings results on Thursday, July 25th. The company reported $0.87 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 company had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $7.05 billion. During the same period last year, the business posted $0.79 earnings per share. The firm’s revenue was up 11.7% compared to the same quarter last year. On average, sell-side analysts expect that Carrier Global Co. will post 2.85 EPS for the current year.

Carrier Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Friday, October 25th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend is Friday, October 25th. Carrier Global’s payout ratio is 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.