Gilman Hill Asset Management LLC Has $4.49 Million Holdings in Carrier Global Co. (NYSE:CARR)

Gilman Hill Asset Management LLC grew its holdings in shares of Carrier Global Co. (NYSE:CARRFree Report) by 1.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 77,216 shares of the company’s stock after acquiring an additional 961 shares during the quarter. Gilman Hill Asset Management LLC’s holdings in Carrier Global were worth $4,489,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Beese Fulmer Investment Management Inc. raised its stake in Carrier Global by 0.9% during the fourth quarter. Beese Fulmer Investment Management Inc. now owns 19,474 shares of the company’s stock worth $1,119,000 after acquiring an additional 181 shares in the last quarter. Graypoint LLC raised its stake in Carrier Global by 1.9% during the fourth quarter. Graypoint LLC now owns 9,752 shares of the company’s stock worth $560,000 after acquiring an additional 184 shares in the last quarter. Sovereign Financial Group Inc. raised its stake in Carrier Global by 4.7% during the fourth quarter. Sovereign Financial Group Inc. now owns 4,224 shares of the company’s stock worth $243,000 after acquiring an additional 188 shares in the last quarter. Operose Advisors LLC raised its stake in Carrier Global by 44.4% during the third quarter. Operose Advisors LLC now owns 650 shares of the company’s stock worth $36,000 after acquiring an additional 200 shares in the last quarter. Finally, McClarren Financial Advisors Inc. raised its stake in Carrier Global by 86.7% during the fourth quarter. McClarren Financial Advisors Inc. now owns 435 shares of the company’s stock worth $25,000 after acquiring an additional 202 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CARR shares. Citigroup raised Carrier Global from a “neutral” rating to a “buy” rating and upped their price objective for the company from $65.00 to $74.00 in a research note on Monday. Wells Fargo & Company upped their price objective on Carrier Global from $59.00 to $66.00 and gave the company an “equal weight” rating in a research note on Friday, April 26th. TD Cowen upped their price objective on Carrier Global from $66.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, April 29th. Oppenheimer upped their price objective on Carrier Global from $63.00 to $64.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Finally, Robert W. Baird upped their price objective 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 analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $63.64.

Check Out Our Latest Report on CARR

Insiders Place Their Bets

In related news, CAO Kyle Crockett sold 4,611 shares of the 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 transaction, the chief accounting officer now directly owns 2,042 shares in the company, valued at approximately $135,568.38. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, VP Nadia Villeneuve sold 98,428 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $65.40, for a total value of $6,437,191.20. Following the transaction, the vice president now directly owns 85,028 shares in the company, valued at approximately $5,560,831.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Kyle Crockett sold 4,611 shares of the stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $66.39, for a total value of $306,124.29. Following the completion of 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. In the last three months, insiders have sold 262,954 shares of company stock worth $16,650,050. Corporate insiders own 6.95% of the company’s stock.

Carrier Global Trading Down 1.9 %

Shares of Carrier Global stock traded down $1.21 on Tuesday, reaching $63.42. 1,090,594 shares of the company’s stock were exchanged, compared to its average volume of 4,492,882. The company has a market capitalization of $57.14 billion, a P/E ratio of 44.90, a price-to-earnings-growth ratio of 2.54 and a beta of 1.33. Carrier Global Co. has a 52 week low of $45.68 and a 52 week high of $66.50. The firm’s 50-day moving average is $62.43 and its two-hundred day moving average is $58.52. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.99 and a current ratio of 1.36.

Carrier Global (NYSE:CARRGet Free Report) last posted its quarterly earnings results on Thursday, April 25th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.12. The firm had revenue of $6.18 billion for the quarter, compared to analysts’ expectations of $6.27 billion. Carrier Global had a return on equity of 26.01% and a net margin of 5.41%. Sell-side analysts predict that Carrier Global Co. will post 2.85 EPS for the current fiscal year.

Carrier Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 8th. Shareholders of record on Friday, June 21st will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend is Friday, June 21st. Carrier Global’s payout ratio is 53.15%.

About Carrier Global

(Free Report)

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.

Further Reading

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

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