Dearborn Partners LLC Takes Position in Carrier Global (NYSE:CARR)

Dearborn Partners LLC purchased a new stake in Carrier Global (NYSE:CARR) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 80,690 shares of the company’s stock, valued at approximately $1,793,000.

Several other institutional investors also recently added to or reduced their stakes in CARR. Massachusetts Financial Services Co. MA bought a new stake in Carrier Global in the 1st quarter valued at about $73,800,000. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in shares of Carrier Global during the second quarter valued at about $78,712,000. Raymond James & Associates bought a new stake in shares of Carrier Global during the second quarter valued at about $25,509,000. New York State Teachers Retirement System bought a new stake in shares of Carrier Global during the second quarter valued at about $23,501,000. Finally, Mn Services Vermogensbeheer B.V. bought a new stake in shares of Carrier Global during the second quarter valued at about $15,525,000. Institutional investors own 0.88% of the company’s stock.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research upgraded Carrier Global from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Tuesday, July 21st. Wolfe Research assumed coverage on Carrier Global in a research report on Friday, April 17th. They set a “buy” rating on the stock. Atlantic Securities assumed coverage on Carrier Global in a research report on Tuesday, May 19th. They set an “overweight” rating on the stock. JPMorgan Chase & Co. cut Carrier Global from an “overweight” rating to a “neutral” rating and set a $20.00 price target on the stock. in a research report on Wednesday, June 10th. Finally, Vertical Research started coverage on Carrier Global in a research report on Monday, April 6th. They set a “hold” rating and a $18.00 price target on the stock. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $22.90.

In related news, Director John J. Greisch acquired 35,000 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was purchased at an average price of $17.77 per share, with a total value of $621,950.00. Also, CEO David L. Gitlin acquired 57,580 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were bought at an average cost of $17.77 per share, with a total value of $1,023,196.60.

CARR traded up $0.34 during midday trading on Friday, hitting $27.24. The stock had a trading volume of 9,116,275 shares, compared to its average volume of 6,216,850. The company’s fifty day moving average is $23.84. The company has a debt-to-equity ratio of 3.64, a current ratio of 1.34 and a quick ratio of 0.99. Carrier Global has a 1 year low of $11.50 and a 1 year high of $27.72.

Carrier Global (NYSE:CARR) last issued its earnings results on Thursday, July 30th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.06. The firm had revenue of $3.97 billion during the quarter, compared to analysts’ expectations of $3.63 billion. On average, equities analysts anticipate that Carrier Global will post 1.38 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Friday, June 26th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.17%. The ex-dividend date was Thursday, June 25th.

Carrier Global Company Profile

There is no company description available for Carrier Global Corp.

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Institutional Ownership by Quarter for Carrier Global (NYSE:CARR)

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