OneAscent Financial Services LLC Acquires Shares of 7,489 Carrier Global Co. (NYSE:CARR)

OneAscent Financial Services LLC acquired a new position in shares of Carrier Global Co. (NYSE:CARR) during the 1st quarter, Holdings Channel reports. The firm acquired 7,489 shares of the company’s stock, valued at approximately $435,000.

A number of other institutional investors also recently made changes to their positions in the business. OneAscent Wealth Management LLC acquired a new position in Carrier Global in the first quarter worth about $268,000. New England Research & Management Inc. lifted its holdings in Carrier Global by 439.0% during the 1st quarter. New England Research & Management Inc. now owns 33,550 shares of the company’s stock worth $1,950,000 after buying an additional 27,325 shares during the last quarter. Register Financial Advisors LLC acquired a new position in shares of Carrier Global in the 1st quarter worth approximately $34,000. Capital Asset Advisory Services LLC increased its holdings in shares of Carrier Global by 35.7% in the 1st quarter. Capital Asset Advisory Services LLC now owns 4,973 shares of the company’s stock valued at $281,000 after acquiring an additional 1,309 shares during the last quarter. Finally, Lincoln Capital LLC raised its position in shares of Carrier Global by 1.3% during the 1st quarter. Lincoln Capital LLC now owns 116,558 shares of the company’s stock valued at $6,776,000 after acquiring an additional 1,511 shares in the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global Price Performance

Carrier Global stock traded down $0.15 during trading hours on Friday, hitting $63.08. 17,783,854 shares of the company traded hands, compared to its average volume of 3,600,109. Carrier Global Co. has a 1-year low of $45.68 and a 1-year high of $66.50. The firm has a market cap of $56.84 billion, a P/E ratio of 44.16, a P/E/G ratio of 2.55 and a beta of 1.33. The firm’s 50-day simple moving average is $62.99 and its two-hundred day simple moving average is $58.65. The company has a quick ratio of 0.99, a current ratio of 1.36 and a debt-to-equity ratio of 1.31.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data on Thursday, April 25th. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.12. The business had revenue of $6.18 billion for the quarter, compared to analyst estimates of $6.27 billion. Carrier Global had a net margin of 5.41% and a return on equity of 26.01%. As a group, analysts forecast that Carrier Global Co. will post 2.85 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 8th. Stockholders of record on Friday, June 21st will be issued a $0.19 dividend. The ex-dividend date of this dividend is Friday, June 21st. This represents a $0.76 annualized dividend and a dividend yield of 1.20%. Carrier Global’s dividend payout ratio (DPR) is 53.15%.

Insider Activity at Carrier Global

In other news, insider Jurgen Timperman sold 159,915 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $61.95, for a total transaction of $9,906,734.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Jurgen Timperman sold 159,915 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $61.95, for a total transaction of $9,906,734.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $306,124.29. Following the sale, the chief accounting officer now directly owns 2,042 shares of the company’s stock, valued at $135,568.38. The disclosure for this sale can be found here. Insiders sold 262,954 shares of company stock valued at $16,650,050 over the last 90 days. 6.95% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CARR shares. Wells Fargo & Company boosted their target price 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. Citigroup upgraded Carrier Global from a “neutral” rating to a “buy” rating and increased their price target for the stock from $65.00 to $74.00 in a research report on Monday, June 24th. Barclays boosted their price objective on Carrier Global from $79.00 to $81.00 and gave the company an “overweight” rating in a research report on Friday, June 14th. TD Cowen increased their target price on Carrier Global from $66.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. Finally, Robert W. Baird raised their target price on Carrier Global from $60.00 to $64.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Three research analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Carrier Global presently has an average rating of “Hold” and a consensus target price of $64.14.

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.