Carrier Global Co. (NYSE:CARR) Shares Sold by Investment House LLC

Investment House LLC decreased its position in Carrier Global Co. (NYSE:CARR) by 25.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,725 shares of the company’s stock after selling 1,904 shares during the period. Investment House LLC’s holdings in Carrier Global were worth $329,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Modera Wealth Management LLC grew its holdings in Carrier Global by 19.4% during the third quarter. Modera Wealth Management LLC now owns 21,099 shares of the company’s stock valued at $1,165,000 after purchasing an additional 3,430 shares during the last quarter. Pinnacle Financial Partners Inc raised its stake in Carrier Global by 9.0% during the fourth quarter. Pinnacle Financial Partners Inc now owns 5,781 shares of the company’s stock worth $332,000 after acquiring an additional 476 shares in the last quarter. Andrew Hill Investment Advisors Inc. bought a new position in shares of Carrier Global during the fourth quarter valued at $2,081,000. abrdn plc lifted its holdings in shares of Carrier Global by 40.6% during the fourth quarter. abrdn plc now owns 751,661 shares of the company’s stock valued at $43,183,000 after acquiring an additional 217,144 shares during the period. Finally, AIA Group Ltd boosted its stake in shares of Carrier Global by 16.5% in the 4th quarter. AIA Group Ltd now owns 98,959 shares of the company’s stock valued at $5,685,000 after purchasing an additional 14,003 shares in the last quarter. Institutional investors own 91.00% of the company’s stock.

Insider Transactions at Carrier Global

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

Carrier Global Price Performance

Shares of NYSE:CARR opened at $62.91 on Tuesday. The company has a 50 day moving average of $56.72 and a 200 day moving average of $54.88. The company has a current ratio of 1.36, a quick ratio of 0.99 and a debt-to-equity ratio of 1.31. The stock has a market cap of $56.68 billion, a P/E ratio of 43.90, a P/E/G ratio of 2.53 and a beta of 1.39. Carrier Global Co. has a 12 month low of $40.28 and a 12 month high of $63.01.

Carrier Global (NYSE:CARR) last released its quarterly earnings results on Thursday, April 25th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.12. Carrier Global had a return on equity of 26.01% and a net margin of 5.41%. The firm had revenue of $6.18 billion for the quarter, compared to analysts’ expectations of $6.27 billion. As a group, sell-side analysts forecast that Carrier Global Co. will post 2.84 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Friday, May 3rd will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Thursday, May 2nd. Carrier Global’s dividend payout ratio (DPR) is presently 53.15%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Oppenheimer increased their price objective on shares of Carrier Global from $63.00 to $64.00 and gave the stock an “outperform” rating in a report on Friday. Citigroup lifted their price target on shares of Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Wells Fargo & Company upped their price target on shares of Carrier Global from $59.00 to $66.00 and gave the company an “equal weight” rating in a report on Friday. Royal Bank of Canada dropped their target price on Carrier Global from $63.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 7th. Finally, Barclays increased their price objective on shares of Carrier Global from $78.00 to $79.00 and gave the stock an “overweight” rating in a research note on Friday. Three analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $62.62.

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.