Charles Schwab Investment Management Inc. Purchases 52,212 Shares of Carrier Global Co. (NYSE:CARR)

Charles Schwab Investment Management Inc. increased its position in Carrier Global Co. (NYSE:CARR) by 1.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,628,389 shares of the company’s stock after acquiring an additional 52,212 shares during the period. Charles Schwab Investment Management Inc. owned about 0.55% of Carrier Global worth $265,901,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Beese Fulmer Investment Management Inc. lifted its stake in shares of Carrier Global by 0.9% during the 4th quarter. Beese Fulmer Investment Management Inc. now owns 19,474 shares of the company’s stock valued at $1,119,000 after buying an additional 181 shares in the last quarter. Graypoint LLC boosted its stake in shares of Carrier Global by 1.9% in the fourth quarter. Graypoint LLC now owns 9,752 shares of the company’s stock worth $560,000 after acquiring an additional 184 shares during the period. Global Wealth Management Investment Advisory Inc. lifted its position in shares of Carrier Global by 16.0% in the third quarter. Global Wealth Management Investment Advisory Inc. now owns 1,450 shares of the company’s stock worth $80,000 after buying an additional 200 shares in the last quarter. Operose Advisors LLC boosted its stake in Carrier Global by 44.4% during the third quarter. Operose Advisors LLC now owns 650 shares of the company’s stock valued at $36,000 after buying an additional 200 shares during the last quarter. Finally, Boston Financial Mangement LLC grew its holdings in Carrier Global by 2.2% during the 3rd quarter. Boston Financial Mangement LLC now owns 9,399 shares of the company’s stock valued at $519,000 after buying an additional 201 shares in the last quarter. Institutional investors own 91.00% of the company’s stock.

Carrier Global Trading Up 0.1 %

Shares of Carrier Global stock opened at $64.32 on Thursday. The company has a current ratio of 1.36, a quick ratio of 0.99 and a debt-to-equity ratio of 1.31. Carrier Global Co. has a 12-month low of $40.49 and a 12-month high of $64.69. The firm has a market capitalization of $57.95 billion, a price-to-earnings ratio of 44.98, a PEG ratio of 2.61 and a beta of 1.34. The firm’s 50 day simple moving average is $57.71 and its two-hundred day simple moving average is $55.36.

Carrier Global (NYSE:CARR) last released its quarterly earnings data on Thursday, April 25th. The company reported $0.62 earnings per share 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 analyst estimates of $6.27 billion. Carrier Global had a net margin of 5.41% and a return on equity of 26.01%. Analysts predict that Carrier Global Co. will post 2.85 EPS for the current year.

Carrier Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Friday, May 3rd will be given a dividend of $0.19 per share. The ex-dividend date is Thursday, May 2nd. This represents a $0.76 annualized dividend and a yield of 1.18%. Carrier Global’s dividend payout ratio is presently 53.15%.

Analysts Set New Price Targets

CARR has been the subject of a number of analyst reports. Barclays increased their price target on shares of Carrier Global from $78.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Oppenheimer upped their price target on shares of Carrier Global from $63.00 to $64.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Robert W. Baird upped their price target on shares of Carrier Global from $60.00 to $64.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Royal Bank of Canada dropped their target price on shares of Carrier Global from $63.00 to $60.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 7th. Finally, TD Cowen upped their target price on shares of Carrier Global from $66.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, April 29th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $62.71.

Insider Activity at Carrier Global

In related news, insider Jurgen Timperman sold 159,915 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $61.95, for a total transaction of $9,906,734.25. The transaction was disclosed in a document filed with the SEC, which is available at this link. 6.95% of the stock is owned by company insiders.

Carrier Global 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.