C WorldWide Group Holding A S Sells 520,034 Shares of Carrier Global Co. (NYSE:CARR)

C WorldWide Group Holding A S lowered its position in shares of Carrier Global Co. (NYSE:CARR) by 11.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,203,900 shares of the company’s stock after selling 520,034 shares during the quarter. Carrier Global comprises 3.2% of C WorldWide Group Holding A S’s holdings, making the stock its 13th biggest position. C WorldWide Group Holding A S’s holdings in Carrier Global were worth $241,514,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. McClarren Financial Advisors Inc. lifted its position in shares of Carrier Global by 86.7% during the 4th quarter. McClarren Financial Advisors Inc. now owns 435 shares of the company’s stock valued at $25,000 after acquiring an additional 202 shares during the period. OFI Invest Asset Management bought a new stake in Carrier Global during the third quarter worth about $28,000. Larson Financial Group LLC grew its stake in Carrier Global by 76.2% during the third quarter. Larson Financial Group LLC now owns 511 shares of the company’s stock worth $28,000 after buying an additional 221 shares in the last quarter. VisionPoint Advisory Group LLC bought a new position in Carrier Global in the 3rd quarter valued at about $30,000. Finally, GHP Investment Advisors Inc. raised its position in shares of Carrier Global by 205.1% in the 3rd quarter. GHP Investment Advisors Inc. now owns 595 shares of the company’s stock valued at $31,000 after buying an additional 400 shares in the last quarter. Institutional investors own 91.00% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on CARR. Barclays boosted their price objective on shares of Carrier Global from $78.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday. Oppenheimer upped their target price on Carrier Global from $63.00 to $64.00 and gave the stock an “outperform” rating in a report on Friday. Citigroup lifted their price target on Carrier Global from $60.00 to $63.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Wells Fargo & Company raised their price objective on shares of Carrier Global from $59.00 to $66.00 and gave the company an “equal weight” rating in a report on Friday. Finally, Royal Bank of Canada cut their target price on shares of Carrier Global from $63.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 7th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Carrier Global currently has an average rating of “Hold” and a consensus target price of $62.00.

Insider Buying and Selling

In related news, VP Kevin J. O’connor sold 26,551 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $53.77, for a total transaction of $1,427,647.27. Following the transaction, the vice president now directly owns 66,083 shares of the company’s stock, valued at $3,553,282.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Carrier Global news, CEO David L. Gitlin sold 354,539 shares of Carrier Global stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $54.16, for a total value of $19,201,832.24. Following the sale, the chief executive officer now owns 422,808 shares of the company’s stock, valued at $22,899,281.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Kevin J. O’connor sold 26,551 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $53.77, for a total transaction of $1,427,647.27. Following the transaction, the vice president now directly owns 66,083 shares of the company’s stock, valued at $3,553,282.91. The disclosure for this sale can be found here. 6.95% of the stock is currently owned by company insiders.

Carrier Global Trading Up 1.2 %

NYSE CARR traded up $0.69 during trading hours on Friday, hitting $60.50. 6,684,176 shares of the company’s stock were exchanged, compared to its average volume of 4,318,700. Carrier Global Co. has a 1-year low of $40.28 and a 1-year high of $60.87. The company has a current ratio of 1.36, a quick ratio of 2.40 and a debt-to-equity ratio of 1.31. The stock has a 50-day simple moving average of $56.54 and a 200 day simple moving average of $54.83. The firm has a market cap of $54.46 billion, a price-to-earnings ratio of 42.31, a PEG ratio of 2.50 and a beta of 1.39.

Carrier Global (NYSE:CARR) last issued its earnings results on Thursday, April 25th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.50 by $0.12. Carrier Global had a return on equity of 26.01% and a net margin of 5.41%. The company had revenue of $6.18 billion during the quarter, compared to the consensus estimate of $6.27 billion. On average, equities analysts forecast that Carrier Global Co. will post 2.84 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Friday, May 3rd will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Thursday, May 2nd. Carrier Global’s payout ratio is presently 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.