Carrier Global Co. (NYSE:CARR) Shares Sold by Strategic Advisors LLC

Strategic Advisors LLC lessened its holdings in Carrier Global Co. (NYSE:CARR) by 17.1% during the 1st quarter, HoldingsChannel.com reports. The firm owned 3,483 shares of the company’s stock after selling 716 shares during the period. Strategic Advisors LLC’s holdings in Carrier Global were worth $202,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of CARR. Modera Wealth Management LLC lifted its position in Carrier Global by 19.4% during the 3rd quarter. Modera Wealth Management LLC now owns 21,099 shares of the company’s stock worth $1,165,000 after acquiring an additional 3,430 shares during the period. Pinnacle Financial Partners Inc grew its holdings in Carrier Global by 9.0% in the fourth quarter. Pinnacle Financial Partners Inc now owns 5,781 shares of the company’s stock valued at $332,000 after purchasing an additional 476 shares during the period. Andrew Hill Investment Advisors Inc. purchased a new position in shares of Carrier Global in the 4th quarter worth $2,081,000. Nomura Holdings Inc. purchased a new position in shares of Carrier Global in the 4th quarter worth $973,000. Finally, AIA Group Ltd raised its position 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 worth $5,685,000 after buying an additional 14,003 shares during the period. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on CARR shares. Wells Fargo & Company increased their price target on Carrier Global from $59.00 to $66.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. TD Cowen increased their price target on shares of Carrier Global from $66.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. Robert W. Baird raised their target price on shares of Carrier Global from $60.00 to $64.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Barclays lifted their price target on Carrier Global from $79.00 to $81.00 and gave the company an “overweight” rating in a report on Friday, June 14th. Finally, Citigroup upgraded shares of Carrier Global from a “neutral” rating to a “buy” rating and raised their price objective for the company from $65.00 to $74.00 in a research note on Monday, June 24th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $64.14.

Carrier Global Stock Performance

Shares of NYSE:CARR traded down $0.74 on Friday, hitting $62.72. 269,121 shares of the company were exchanged, compared to its average volume of 4,513,074. The company’s 50 day moving average price is $63.74 and its two-hundred day moving average price is $58.86. Carrier Global Co. has a one year low of $45.68 and a one year high of $66.50. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.99 and a current ratio of 1.36. The firm has a market capitalization of $56.51 billion, a price-to-earnings ratio of 44.38, a PEG ratio of 2.47 and a beta of 1.32.

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

Carrier Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 8th. Investors of record on Friday, June 21st will be paid a $0.19 dividend. The ex-dividend date of this dividend is Friday, June 21st. This represents a $0.76 dividend on an annualized basis and a yield of 1.21%. Carrier Global’s payout ratio is currently 53.15%.

Insider Buying and Selling at Carrier Global

In other news, CAO Kyle Crockett sold 4,611 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $66.39, for a total transaction of $306,124.29. Following the transaction, the chief accounting officer now directly owns 2,042 shares in the company, valued at $135,568.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP Nadia Villeneuve sold 98,428 shares of the stock in a transaction on Friday, May 10th. The shares were sold at an average price of $65.40, for a total transaction of $6,437,191.20. Following the completion of the sale, the vice president now owns 85,028 shares of the company’s stock, valued at $5,560,831.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Kyle Crockett sold 4,611 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $66.39, for a total transaction of $306,124.29. Following the transaction, the chief accounting officer now owns 2,042 shares of the company’s stock, valued at approximately $135,568.38. The disclosure for this sale can be found here. Insiders have sold a total of 262,954 shares of company stock worth $16,650,050 over the last ninety days. Corporate insiders own 6.95% of the company’s stock.

Carrier Global Company 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.