Amalgamated Bank Reduces Stock Holdings in Carrier Global Co. (NYSE:CARR)

Amalgamated Bank reduced its position in shares of Carrier Global Co. (NYSE:CARR) by 4.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 219,819 shares of the company’s stock after selling 9,834 shares during the period. Amalgamated Bank’s holdings in Carrier Global were worth $12,629,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. raised its position in Carrier Global by 4.2% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 163,655 shares of the company’s stock valued at $9,034,000 after purchasing an additional 6,600 shares during the period. Eudaimonia Partners LLC acquired a new position in Carrier Global in the third quarter valued at about $212,000. Mn Services Vermogensbeheer B.V. lifted its position in Carrier Global by 2.7% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 408,400 shares of the company’s stock valued at $22,544,000 after buying an additional 10,700 shares during the last quarter. Miracle Mile Advisors LLC purchased a new position in Carrier Global during the third quarter worth about $219,000. Finally, Northstar Asset Management LLC acquired a new stake in shares of Carrier Global during the third quarter valued at about $210,000. 91.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CARR has been the topic of several recent analyst reports. Oppenheimer upped 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, April 26th. Robert W. Baird upped their target price on shares of Carrier Global from $60.00 to $64.00 and gave the stock a “neutral” rating in a research note on Friday. Royal Bank of Canada decreased their price target on shares of Carrier Global from $63.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, February 7th. TD Cowen increased their price objective on Carrier Global from $66.00 to $70.00 and gave the company a “buy” rating in a report on Monday, April 29th. Finally, Wells Fargo & Company boosted their target price on Carrier Global from $59.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Friday, April 26th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $62.71.

Insider Activity

In other Carrier Global news, insider Jurgen Timperman sold 159,915 shares of the company’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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 stock was sold at an average price of $53.77, for a total value of $1,427,647.27. Following the completion of the sale, the vice president now directly owns 66,083 shares of the company’s stock, valued at approximately $3,553,282.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jurgen Timperman sold 159,915 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $61.95, for a total value of $9,906,734.25. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 541,005 shares of company stock valued at $30,536,214. Company insiders own 6.95% of the company’s stock.

Carrier Global Stock Performance

NYSE:CARR traded up $1.15 during trading hours on Friday, reaching $62.09. 3,622,875 shares of the company’s stock were exchanged, compared to its average volume of 4,988,253. Carrier Global Co. has a 1-year low of $40.28 and a 1-year high of $63.79. The company has a quick ratio of 0.99, a current ratio of 1.36 and a debt-to-equity ratio of 1.31. The firm has a market capitalization of $55.94 billion, a price-to-earnings ratio of 43.42, a P/E/G ratio of 2.56 and a beta of 1.34. The company has a 50-day moving average of $57.32 and a 200 day moving average of $55.09.

Carrier Global (NYSE:CARR) last announced its earnings results on Thursday, April 25th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.12. Carrier Global had a net margin of 5.41% and a return on equity of 26.01%. The business had revenue of $6.18 billion during the quarter, compared to the consensus estimate of $6.27 billion. Research analysts anticipate that Carrier Global Co. will post 2.85 EPS for the current year.

Carrier Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Friday, May 3rd will be paid a $0.19 dividend. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $0.76 annualized dividend and a dividend yield of 1.22%. Carrier Global’s dividend payout ratio (DPR) is currently 53.15%.

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.