Pittenger & Anderson Inc. Has $367,000 Holdings in Carrier Global Co. (NYSE:CARR)

Pittenger & Anderson Inc. raised its position in Carrier Global Co. (NYSE:CARR) by 19.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,390 shares of the company’s stock after buying an additional 1,042 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Carrier Global were worth $367,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CARR. OFI Invest Asset Management purchased a new stake in Carrier Global during the third quarter valued at approximately $28,000. Larson Financial Group LLC raised its stake in Carrier Global by 76.2% in the 3rd quarter. Larson Financial Group LLC now owns 511 shares of the company’s stock worth $28,000 after acquiring an additional 221 shares during the last quarter. VisionPoint Advisory Group LLC purchased a new position in shares of Carrier Global in the 3rd quarter valued at about $30,000. GHP Investment Advisors Inc. raised its position in shares of Carrier Global by 205.1% during the 3rd quarter. GHP Investment Advisors Inc. now owns 595 shares of the company’s stock valued at $31,000 after buying an additional 400 shares during the period. Finally, Criterion Capital Advisors LLC purchased a new stake in shares of Carrier Global during the fourth quarter worth $32,000. 91.00% of the stock is currently owned by institutional investors.

Carrier Global Stock Up 9.2 %

Shares of CARR traded up $5.04 during mid-day trading on Thursday, hitting $59.81. 10,069,348 shares of the company traded hands, compared to its average volume of 4,793,513. The company has a quick ratio of 2.40, a current ratio of 2.73 and a debt-to-equity ratio of 1.58. Carrier Global Co. has a 1-year low of $40.28 and a 1-year high of $60.87. The business has a 50 day moving average of $56.34 and a 200 day moving average of $54.76. The company has a market capitalization of $53.84 billion, a PE ratio of 37.34, a price-to-earnings-growth ratio of 2.33 and a beta of 1.39.

Carrier Global (NYSE:CARR) last released its quarterly earnings results on Tuesday, February 6th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.51 by $0.02. Carrier Global had a return on equity of 27.19% and a net margin of 6.10%. The company had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.22 billion. During the same quarter in the previous year, the company posted $0.40 earnings per share. The firm’s revenue was down .1% compared to the same quarter last year. Equities research analysts anticipate that Carrier Global Co. will post 2.82 EPS for the current year.

Carrier Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Friday, May 3rd will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend is Thursday, May 2nd. Carrier Global’s dividend payout ratio (DPR) is 48.10%.

Insider Activity at Carrier Global

In other Carrier Global news, CEO David L. Gitlin sold 354,539 shares of the stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $54.16, for a total value of $19,201,832.24. Following the completion of the sale, the chief executive officer now owns 422,808 shares in the company, valued at $22,899,281.28. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Carrier Global news, CEO David L. Gitlin sold 354,539 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $54.16, for a total transaction of $19,201,832.24. Following the transaction, the chief executive officer now directly owns 422,808 shares in the company, valued at $22,899,281.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Kevin J. O’connor sold 26,551 shares of Carrier Global stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $53.77, for a total value of $1,427,647.27. Following the completion of the transaction, the vice president now directly owns 66,083 shares of the company’s stock, valued at approximately $3,553,282.91. The disclosure for this sale can be found here. Insiders own 6.95% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CARR shares. Royal Bank of Canada decreased their price target on shares of Carrier Global from $63.00 to $60.00 and set an “outperform” rating on the stock in a report on Wednesday, February 7th. Barclays raised their price target on Carrier Global from $71.00 to $78.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Oppenheimer reiterated an “outperform” rating and set a $63.00 target price on shares of Carrier Global in a report on Thursday, April 18th. Wells Fargo & Company dropped their price target on Carrier Global from $63.00 to $57.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 7th. Finally, Citigroup raised their price target on shares of Carrier Global from $60.00 to $63.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Carrier Global has an average rating of “Hold” and an average target price of $61.15.

Carrier Global Company Profile

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.