Carrier Global Co. (NYSE:CARR) Holdings Raised by Little House Capital LLC

Little House Capital LLC boosted its stake in Carrier Global Co. (NYSE:CARR) by 22.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,488 shares of the company’s stock after buying an additional 2,130 shares during the quarter. Little House Capital LLC’s holdings in Carrier Global were worth $925,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CARR. JPMorgan Chase & Co. lifted its position in Carrier Global by 280.1% in the 1st quarter. JPMorgan Chase & Co. now owns 23,098,687 shares of the company’s stock worth $1,342,727,000 after buying an additional 17,021,768 shares in the last quarter. Capital International Investors raised its holdings in shares of Carrier Global by 4.6% during the 1st quarter. Capital International Investors now owns 84,827,130 shares of the company’s stock valued at $4,931,001,000 after purchasing an additional 3,763,666 shares in the last quarter. PineStone Asset Management Inc. raised its holdings in shares of Carrier Global by 139.7% during the 2nd quarter. PineStone Asset Management Inc. now owns 6,418,883 shares of the company’s stock valued at $404,903,000 after purchasing an additional 3,741,206 shares in the last quarter. Point72 Asset Management L.P. bought a new position in shares of Carrier Global during the 2nd quarter valued at $58,415,000. Finally, Vanguard Group Inc. raised its holdings in shares of Carrier Global by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 94,289,980 shares of the company’s stock valued at $5,481,077,000 after purchasing an additional 466,829 shares in the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Insider Activity at Carrier Global

In other Carrier Global news, VP Ajay Agrawal sold 62,382 shares of the business’s stock in a transaction dated 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 completion of the transaction, the vice president now directly owns 103,066 shares of the company’s stock, valued at approximately $6,652,910.30. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 6.95% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of Carrier Global in a report on Thursday, October 10th. They set a “neutral” rating and a $83.00 price target on the stock. Stephens lowered shares of Carrier Global from an “overweight” rating to an “equal weight” rating and raised their target price for the company from $75.00 to $85.00 in a research note on Wednesday, October 16th. Mizuho raised their target price on shares of Carrier Global from $65.00 to $78.00 and gave the company a “neutral” rating in a research note on Thursday. Royal Bank of Canada raised their target price on shares of Carrier Global from $72.00 to $79.00 and gave the company an “outperform” rating in a research note on Thursday, September 5th. Finally, Wells Fargo & Company raised their target price on shares of Carrier Global from $73.00 to $82.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th. Seven analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $80.67.

Carrier Global Price Performance

Shares of Carrier Global stock traded down $0.09 during trading on Monday, hitting $81.46. 884,638 shares of the company’s stock traded hands, compared to its average volume of 4,114,657. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.08 and a quick ratio of 0.80. The firm’s fifty day moving average price is $75.32 and its 200 day moving average price is $67.30. Carrier Global Co. has a twelve month low of $45.68 and a twelve month high of $83.32. The company has a market cap of $73.40 billion, a PE ratio of 56.93, a PEG ratio of 2.94 and a beta of 1.32.

Carrier Global (NYSE:CARR) last announced its quarterly earnings results on Thursday, July 25th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.02. Carrier Global had a net margin of 14.27% and a return on equity of 23.68%. The firm had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.05 billion. During the same period last year, the firm posted $0.79 EPS. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. Analysts forecast that Carrier Global Co. will post 2.85 earnings per share for the current year.

Carrier Global Announces Dividend

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