Pitcairn Co. bought a new stake in Carrier Global (NYSE:CARR) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 13,557 shares of the company’s stock, valued at approximately $301,000.
Several other large investors have also recently modified their holdings of the company. Beacon Investment Advisory Services Inc. purchased a new stake in shares of Carrier Global in the second quarter valued at about $227,000. CIBC Asset Management Inc purchased a new stake in Carrier Global during the second quarter worth about $1,653,000. Raymond James & Associates purchased a new stake in Carrier Global during the second quarter worth about $25,509,000. Middleton & Co Inc MA purchased a new stake in Carrier Global during the second quarter worth about $516,000. Finally, Bray Capital Advisors purchased a new stake in Carrier Global during the second quarter worth about $266,000. 0.88% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have issued reports on the stock. Cowen reaffirmed a “hold” rating and issued a $17.00 price target on shares of Carrier Global in a report on Thursday, May 7th. UBS Group started coverage on shares of Carrier Global in a research report on Monday, June 22nd. They issued a “buy” rating and a $26.00 price objective for the company. Royal Bank of Canada assumed coverage on shares of Carrier Global in a research report on Tuesday, April 14th. They issued a “sector perform” rating and a $15.00 price objective for the company. William Blair reaffirmed a “market perform” rating on shares of Carrier Global in a research report on Monday, May 11th. Finally, Wolfe Research assumed coverage on shares of Carrier Global in a research report on Friday, April 17th. They set a “buy” rating for the company. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Carrier Global presently has an average rating of “Hold” and a consensus target price of $22.90.
NYSE CARR opened at $27.24 on Friday. Carrier Global has a 12 month low of $11.50 and a 12 month high of $27.72. The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.99 and a current ratio of 1.34. The company’s fifty day moving average is $23.84.
Carrier Global (NYSE:CARR) last issued its earnings results on Thursday, July 30th. The company reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.06. The business had revenue of $3.97 billion for the quarter, compared to analyst estimates of $3.63 billion. On average, research analysts expect that Carrier Global will post 1.38 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Friday, June 26th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.32 annualized dividend and a yield of 1.17%.
In related news, Director John J. Greisch bought 35,000 shares of the stock in a transaction on Monday, May 18th. The shares were purchased at an average price of $17.77 per share, with a total value of $621,950.00. Also, CEO David L. Gitlin bought 57,580 shares of the stock in a transaction on Monday, May 18th. The shares were bought at an average cost of $17.77 per share, for a total transaction of $1,023,196.60.
Carrier Global Profile
There is no company description available for Carrier Global Corp.
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