Carrier Global Co. (NYSE:CARR) Shares Sold by Valley Brook Capital Group Inc.

Valley Brook Capital Group Inc. decreased its holdings in shares of Carrier Global Co. (NYSE:CARR) by 2.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 13,518 shares of the company’s stock after selling 275 shares during the period. Valley Brook Capital Group Inc.’s holdings in Carrier Global were worth $777,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Fisher Asset Management LLC raised its position in Carrier Global by 2.3% during the 4th quarter. Fisher Asset Management LLC now owns 13,293,503 shares of the company’s stock worth $763,712,000 after buying an additional 296,725 shares during the last quarter. Northern Trust Corp lifted its position in Carrier Global by 3.4% during the third quarter. Northern Trust Corp now owns 8,941,301 shares of the company’s stock valued at $493,560,000 after purchasing an additional 289,973 shares during the period. FMR LLC boosted its holdings in Carrier Global by 18.3% in the third quarter. FMR LLC now owns 6,666,775 shares of the company’s stock valued at $368,006,000 after purchasing an additional 1,033,484 shares during the last quarter. C WorldWide Group Holding A S acquired a new stake in Carrier Global during the 3rd quarter worth about $260,761,000. Finally, JPMorgan Chase & Co. raised its stake in shares of Carrier Global by 12.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,681,849 shares of the company’s stock valued at $258,438,000 after buying an additional 521,189 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Robert W. Baird upped their price objective on shares of Carrier Global from $60.00 to $64.00 and gave the stock a “neutral” rating in a research report on Friday. Citigroup boosted their price target on shares of Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Oppenheimer increased their price objective on shares of Carrier Global from $63.00 to $64.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Barclays boosted their target price on shares of Carrier Global from $78.00 to $79.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. Finally, Royal Bank of Canada decreased their price target on shares of Carrier Global from $63.00 to $60.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 7th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $62.71.

Insiders Place Their Bets

In related news, insider Jurgen Timperman sold 159,915 shares of the business’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 Carrier Global 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 shares were sold at an average price of $53.77, for a total transaction of $1,427,647.27. Following the sale, the vice president now owns 66,083 shares of the company’s stock, valued at $3,553,282.91. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 disclosure for this sale can be found here. Insiders sold 541,005 shares of company stock worth $30,536,214 in the last 90 days. Corporate insiders own 6.95% of the company’s stock.

Carrier Global Trading Up 1.9 %

Shares of NYSE CARR traded up $1.15 during trading on Friday, reaching $62.09. The stock had a trading volume of 3,622,875 shares, compared to its average volume of 4,988,253. The business’s 50-day moving average price is $57.32 and its 200-day moving average price is $55.14. Carrier Global Co. has a fifty-two week low of $40.28 and a fifty-two week high of $63.79. 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 company has a market cap of $55.94 billion, a P/E ratio of 43.42, a PEG ratio of 2.61 and a beta of 1.34.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data 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 firm had revenue of $6.18 billion during 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%. On average, equities research analysts predict that Carrier Global Co. will post 2.85 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Friday, May 3rd will be paid a $0.19 dividend. The ex-dividend date is Thursday, May 2nd. This represents a $0.76 dividend on an annualized basis and a yield of 1.22%. Carrier Global’s dividend payout ratio 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.