Little House Capital LLC Acquires 2,130 Shares of Carrier Global Co. (NYSE:CARR)

Little House Capital LLC increased its holdings in shares of Carrier Global Co. (NYSE:CARR) by 22.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 11,488 shares of the company’s stock after purchasing 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 institutional investors and hedge funds have also modified their holdings of the business. Olistico Wealth LLC acquired a new position in Carrier Global during the second quarter valued at approximately $25,000. McClarren Financial Advisors Inc. boosted its holdings in shares of Carrier Global by 246.0% in the third quarter. McClarren Financial Advisors Inc. now owns 436 shares of the company’s stock valued at $35,000 after buying an additional 310 shares during the period. Meeder Asset Management Inc. boosted its holdings in shares of Carrier Global by 675.0% in the second quarter. Meeder Asset Management Inc. now owns 465 shares of the company’s stock valued at $29,000 after buying an additional 405 shares during the period. Country Trust Bank acquired a new position in shares of Carrier Global in the third quarter valued at approximately $40,000. Finally, EdgeRock Capital LLC acquired a new position in shares of Carrier Global in the second quarter valued at approximately $32,000. 91.00% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CARR has been the subject of several research analyst reports. Royal Bank of Canada upped their price target on shares of Carrier Global from $72.00 to $79.00 and gave the company an “outperform” rating in a report on Thursday, September 5th. Citigroup raised shares of Carrier Global from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $65.00 to $74.00 in a research report on Monday, June 24th. Bank of America boosted their price objective on shares of Carrier Global from $80.00 to $90.00 and gave the stock a “neutral” rating in a research report on Friday. Robert W. Baird cut their price objective on shares of Carrier Global from $75.00 to $74.00 and set an “outperform” rating on the stock in a research report on Friday, July 26th. Finally, Oppenheimer boosted their price objective on shares of Carrier Global from $74.00 to $88.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Seven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $80.67.

Insider Activity at Carrier Global

In related news, VP Ajay Agrawal sold 62,382 shares of Carrier Global stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $64.55, for a total transaction of $4,026,758.10. Following the sale, 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 position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.95% of the stock is currently owned by insiders.

Carrier Global Stock Performance

Shares of CARR stock traded down $0.09 on Monday, hitting $81.46. The company’s stock had a trading volume of 884,638 shares, compared to its average volume of 4,114,657. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.80 and a current ratio of 1.08. The stock’s 50 day moving average is $75.32 and its 200-day moving average is $67.30. Carrier Global Co. has a fifty-two week low of $45.68 and a fifty-two week high of $83.32. The company has a market capitalization 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 data on Thursday, July 25th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $7.05 billion. During the same period in the prior year, the company posted $0.79 earnings per share. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. Equities research analysts expect that Carrier Global Co. will post 2.85 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The business 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 dividend yield of 0.93%. The ex-dividend date of this dividend is Friday, October 25th. Carrier Global’s dividend payout ratio (DPR) is presently 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.