Schnieders Capital Management LLC Lowers Stock Holdings in Carrier Global Co. (NYSE:CARR)

Schnieders Capital Management LLC lessened its holdings in Carrier Global Co. (NYSE:CARR) by 13.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 19,062 shares of the company’s stock after selling 2,850 shares during the quarter. Schnieders Capital Management LLC’s holdings in Carrier Global were worth $1,095,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CARR. Beese Fulmer Investment Management Inc. lifted its holdings in shares of Carrier Global by 0.9% in the fourth quarter. Beese Fulmer Investment Management Inc. now owns 19,474 shares of the company’s stock worth $1,119,000 after buying an additional 181 shares in the last quarter. Graypoint LLC lifted its stake in Carrier Global by 1.9% in the 4th quarter. Graypoint LLC now owns 9,752 shares of the company’s stock worth $560,000 after purchasing an additional 184 shares in the last quarter. Global Wealth Management Investment Advisory Inc. boosted its holdings in shares of Carrier Global by 16.0% during the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 1,450 shares of the company’s stock valued at $80,000 after purchasing an additional 200 shares during the last quarter. Operose Advisors LLC grew its position in shares of Carrier Global by 44.4% during the third quarter. Operose Advisors LLC now owns 650 shares of the company’s stock valued at $36,000 after purchasing an additional 200 shares in the last quarter. Finally, Boston Financial Mangement LLC increased its holdings in shares of Carrier Global by 2.2% in the third quarter. Boston Financial Mangement LLC now owns 9,399 shares of the company’s stock worth $519,000 after purchasing an additional 201 shares during the last quarter. 91.00% of the stock is owned by institutional investors.

Insider Activity

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

Carrier Global Trading Up 2.9 %

NYSE:CARR traded up $1.55 during mid-day trading on Tuesday, hitting $55.17. 6,389,183 shares of the stock traded hands, compared to its average volume of 4,720,790. The company has a quick ratio of 2.40, a current ratio of 2.73 and a debt-to-equity ratio of 1.58. Carrier Global Co. has a 52 week low of $40.28 and a 52 week high of $60.87. The stock has a market capitalization of $49.66 billion, a price-to-earnings ratio of 34.92, a PEG ratio of 2.26 and a beta of 1.39. The firm’s 50 day moving average is $56.34 and its two-hundred day moving average is $54.76.

Carrier Global (NYSE:CARR) last announced its earnings results on Tuesday, February 6th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.02. Carrier Global had a return on equity of 27.19% and a net margin of 6.10%. The business had revenue of $5.10 billion during the quarter, compared to analyst estimates of $5.22 billion. During the same quarter in the previous year, the business earned $0.40 earnings per share. The company’s revenue for the quarter was down .1% compared to the same quarter last year. On average, equities research analysts predict that Carrier Global Co. will post 2.82 earnings per share for the current year.

Carrier Global Announces Dividend

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. The ex-dividend date is Thursday, May 2nd. This represents a $0.76 annualized dividend and a dividend yield of 1.38%. Carrier Global’s dividend payout ratio (DPR) is 48.10%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CARR. Royal Bank of Canada dropped their price target on Carrier Global from $63.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, February 7th. Wells Fargo & Company lowered their target price on Carrier Global from $63.00 to $57.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 7th. 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 research report on Monday, April 8th. Oppenheimer reaffirmed an “outperform” rating and set a $63.00 price target on shares of Carrier Global in a research note on Thursday, April 18th. Finally, Barclays lifted their price objective on shares of Carrier Global from $71.00 to $78.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Three research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Carrier Global presently has a consensus rating of “Hold” and a consensus price target of $61.15.

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.