Carrier Global Co. (NYSE:CARR) Stock Position Lowered by Westhampton Capital LLC

Westhampton Capital LLC trimmed its position in shares of Carrier Global Co. (NYSE:CARR) by 2.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,307 shares of the company’s stock after selling 400 shares during the period. Westhampton Capital LLC’s holdings in Carrier Global were worth $890,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. McClarren Financial Advisors Inc. increased its stake in Carrier Global by 86.7% in the 4th quarter. McClarren Financial Advisors Inc. now owns 435 shares of the company’s stock valued at $25,000 after buying an additional 202 shares during the period. DiNuzzo Private Wealth Inc. acquired a new stake in Carrier Global in the 4th quarter worth approximately $25,000. EdgeRock Capital LLC acquired a new stake in Carrier Global in the 4th quarter worth approximately $27,000. VisionPoint Advisory Group LLC acquired a new stake in Carrier Global in the 3rd quarter worth approximately $30,000. Finally, Criterion Capital Advisors LLC acquired a new stake in Carrier Global in the 4th quarter worth approximately $32,000. 91.00% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Jurgen Timperman sold 159,915 shares of the firm’s stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Jurgen Timperman sold 159,915 shares of Carrier Global stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $61.95, for a total transaction of $9,906,734.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Nadia Villeneuve sold 98,428 shares of Carrier Global stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $65.40, for a total value of $6,437,191.20. Following the sale, the vice president now directly owns 85,028 shares of the company’s stock, valued at $5,560,831.20. The disclosure for this sale can be found here. Insiders sold a total of 262,954 shares of company stock valued at $16,650,050 over the last three months. Insiders own 6.95% of the company’s stock.

Carrier Global Stock Up 0.9 %

Shares of NYSE:CARR traded up $0.54 during mid-day trading on Tuesday, reaching $62.44. 707,936 shares of the stock were exchanged, compared to its average volume of 4,550,046. 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 company has a market cap of $56.26 billion, a P/E ratio of 43.66, a P/E/G ratio of 2.46 and a beta of 1.32. Carrier Global Co. has a one year low of $45.68 and a one year high of $66.50. The stock’s 50 day simple moving average is $63.34 and its 200-day simple moving average is $58.76.

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

Carrier Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 8th. Stockholders of record on Friday, June 21st will be given a $0.19 dividend. The ex-dividend date is Friday, June 21st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.22%. Carrier Global’s payout ratio is 53.15%.

Wall Street Analyst Weigh In

Several brokerages have commented on CARR. Citigroup raised Carrier Global from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $65.00 to $74.00 in a research report on Monday, June 24th. Oppenheimer lifted their price target on Carrier Global from $64.00 to $71.00 and gave the stock an “outperform” rating in a research report on Thursday, June 27th. Wells Fargo & Company boosted their price objective on Carrier Global from $59.00 to $66.00 and gave the company an “equal weight” rating in a research report on Friday, April 26th. Barclays boosted their price objective on Carrier Global from $79.00 to $81.00 and gave the company an “overweight” rating in a research report on Friday, June 14th. Finally, TD Cowen boosted their price objective on Carrier Global from $66.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, April 29th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $64.14.

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.