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

Northwest Investment Counselors LLC decreased its holdings in shares of Carrier Global Co. (NYSE:CARR) by 0.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 84,666 shares of the company’s stock after selling 807 shares during the quarter. Carrier Global comprises 1.5% of Northwest Investment Counselors LLC’s holdings, making the stock its 13th largest holding. Northwest Investment Counselors LLC’s holdings in Carrier Global were worth $6,815,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Marathon Capital Management raised its stake in shares of Carrier Global by 4.1% in the 2nd quarter. Marathon Capital Management now owns 3,923 shares of the company’s stock valued at $247,000 after acquiring an additional 156 shares during the period. Savant Capital LLC raised its position in Carrier Global by 0.5% in the second quarter. Savant Capital LLC now owns 32,408 shares of the company’s stock valued at $2,044,000 after purchasing an additional 162 shares during the period. Founders Capital Management LLC lifted its stake in Carrier Global by 3.4% during the second quarter. Founders Capital Management LLC now owns 5,250 shares of the company’s stock worth $331,000 after purchasing an additional 175 shares in the last quarter. Valeo Financial Advisors LLC boosted its position in shares of Carrier Global by 1.5% during the third quarter. Valeo Financial Advisors LLC now owns 12,244 shares of the company’s stock worth $986,000 after buying an additional 179 shares during the period. Finally, Manchester Capital Management LLC grew its stake in shares of Carrier Global by 4.3% in the first quarter. Manchester Capital Management LLC now owns 4,385 shares of the company’s stock valued at $255,000 after buying an additional 180 shares in the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Down 0.2 %

CARR stock traded down $0.13 during trading on Monday, hitting $81.42. 1,008,408 shares of the company’s stock were exchanged, compared to its average volume of 4,115,267. The business has a 50-day moving average price of $75.32 and a two-hundred day moving average price of $67.30. The company has a current ratio of 1.08, a quick ratio of 0.80 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $73.36 billion, a price-to-earnings ratio of 56.93, a PEG ratio of 2.94 and a beta of 1.32. Carrier Global Co. has a 52-week low of $45.68 and a 52-week high of $83.32.

Carrier Global (NYSE:CARR) last issued its earnings results on Thursday, July 25th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.02. Carrier Global had a net margin of 14.27% and a return on equity of 23.68%. The business had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $7.05 billion. During the same quarter in the prior year, the business posted $0.79 EPS. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. As a group, equities research analysts expect that Carrier Global Co. will post 2.85 EPS for the current year.

Carrier Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Friday, October 25th will be given a $0.19 dividend. The ex-dividend date of this dividend is Friday, October 25th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.93%. Carrier Global’s dividend payout ratio (DPR) is presently 53.15%.

Insider Buying and Selling

In other news, VP Ajay Agrawal sold 62,382 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $64.55, for a total value of $4,026,758.10. Following the completion of the sale, the vice president now directly owns 103,066 shares of the company’s stock, valued at approximately $6,652,910.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.95% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Stephens lowered Carrier Global from an “overweight” rating to an “equal weight” rating and increased their target price for the stock from $75.00 to $85.00 in a research note on Wednesday, October 16th. Bank of America increased their price target on shares of Carrier Global from $80.00 to $90.00 and gave the stock a “neutral” rating in a research report on Friday. Citigroup upgraded shares of Carrier Global from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $65.00 to $74.00 in a report on Monday, June 24th. JPMorgan Chase & Co. started coverage on shares of Carrier Global in a report on Thursday, October 10th. They set a “neutral” rating and a $83.00 target price on the stock. Finally, Mizuho boosted their price target on shares of Carrier Global from $65.00 to $78.00 and gave the stock a “neutral” rating in a research note on Thursday. Seven investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $80.67.

About Carrier Global

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.