NN Investment Partners Holdings N.V. Decreases Stake in Carrier Global (NYSE:CARR)

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NN Investment Partners Holdings N.V. lowered its position in Carrier Global (NYSE:CARR) by 60.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,986 shares of the company’s stock after selling 3,000 shares during the quarter. NN Investment Partners Holdings N.V.’s holdings in Carrier Global were worth $45,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Taylor Cottrill Erickson & Associates Inc. bought a new stake in shares of Carrier Global during the 2nd quarter valued at about $320,000. IFM Investors Pty Ltd bought a new stake in shares of Carrier Global during the 2nd quarter valued at about $1,358,000. Howe & Rusling Inc. bought a new stake in shares of Carrier Global during the 2nd quarter valued at about $41,000. DNB Asset Management AS bought a new stake in shares of Carrier Global during the 2nd quarter valued at about $3,567,000. Finally, Kistler Tiffany Companies LLC bought a new stake in shares of Carrier Global during the 2nd quarter valued at about $271,000. 0.88% of the stock is owned by institutional investors.

CARR has been the topic of a number of research reports. UBS Group initiated coverage on Carrier Global in a report on Monday, June 22nd. They set a “buy” rating and a $26.00 price objective on the stock. Citigroup raised their price objective on Carrier Global from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Barclays raised their price objective on Carrier Global from $26.00 to $29.00 in a report on Friday. Cowen reissued a “hold” rating and set a $17.00 price objective on shares of Carrier Global in a report on Thursday, May 7th. Finally, Vertical Research assumed coverage on Carrier Global in a report on Monday, April 6th. They set a “hold” rating and a $18.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $22.90.

CARR opened at $27.24 on Friday. The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.99 and a current ratio of 1.34. Carrier Global has a 52-week low of $11.50 and a 52-week high of $27.72. The company’s 50 day simple moving average is $23.84.

Carrier Global (NYSE:CARR) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.06. The firm had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $3.63 billion. As a group, equities analysts anticipate that Carrier Global will post 1.38 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Friday, June 26th were given a dividend of $0.08 per share. The ex-dividend date was Thursday, June 25th. This represents a $0.32 annualized dividend and a dividend yield of 1.17%.

In related news, CEO David L. Gitlin bought 57,580 shares of the company’s stock in a transaction on Monday, May 18th. The shares were acquired at an average cost of $17.77 per share, with a total value of $1,023,196.60. Also, Director John J. Greisch bought 35,000 shares of the company’s stock in a transaction on Monday, May 18th. The stock was bought at an average cost of $17.77 per share, for a total transaction of $621,950.00.

About Carrier Global

There is no company description available for Carrier Global Corp.

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

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