Carrier Global Co. (NYSE:CARR) Shares Sold by Fractal Investments LLC

Fractal Investments LLC reduced its position in shares of Carrier Global Co. (NYSE:CARR) by 11.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,614 shares of the company’s stock after selling 1,887 shares during the quarter. Carrier Global comprises 0.2% of Fractal Investments LLC’s portfolio, making the stock its 27th largest holding. Fractal Investments LLC’s holdings in Carrier Global were worth $840,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CARR. Beese Fulmer Investment Management Inc. boosted its holdings in Carrier Global by 0.9% during 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 holdings in shares of Carrier Global by 1.9% during the fourth quarter. Graypoint LLC now owns 9,752 shares of the company’s stock valued at $560,000 after purchasing an additional 184 shares during the last quarter. Global Wealth Management Investment Advisory Inc. boosted its position in shares of Carrier Global by 16.0% in 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 period. Operose Advisors LLC increased its position in shares of Carrier Global by 44.4% in the third quarter. Operose Advisors LLC now owns 650 shares of the company’s stock worth $36,000 after acquiring an additional 200 shares in the last quarter. Finally, Boston Financial Mangement LLC grew its position in Carrier Global by 2.2% during the 3rd quarter. Boston Financial Mangement LLC now owns 9,399 shares of the company’s stock worth $519,000 after purchasing an additional 201 shares in the last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Carrier Global Trading Down 0.7 %

CARR stock traded down $0.37 during trading on Wednesday, hitting $54.77. The company had a trading volume of 5,189,280 shares, compared to its average volume of 4,726,724. The stock has a market cap of $49.30 billion, a price-to-earnings ratio of 34.66, a PEG ratio of 2.26 and a beta of 1.39. The company has a quick ratio of 2.40, a current ratio of 2.73 and a debt-to-equity ratio of 1.58. The firm has a 50-day moving average price of $56.34 and a 200-day moving average price of $54.76. Carrier Global Co. has a 12 month low of $40.28 and a 12 month high of $60.87.

Carrier Global (NYSE:CARR) last posted its quarterly 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 for the quarter, compared to analysts’ expectations of $5.22 billion. During the same quarter last year, the business earned $0.40 earnings per share. The firm’s quarterly revenue was down .1% compared to the same quarter last year. As a group, analysts predict that Carrier Global Co. will post 2.82 earnings per share for the current year.

Carrier Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Friday, May 3rd will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend is Thursday, May 2nd. Carrier Global’s dividend payout ratio (DPR) is currently 48.10%.

Insider Activity

In related news, VP Kevin J. O’connor sold 26,551 shares of the company’s stock in a transaction dated 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 in the company, valued at $3,553,282.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO David L. Gitlin sold 354,539 shares of the business’s stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 422,808 shares of the company’s stock, valued at approximately $22,899,281.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Kevin J. O’connor sold 26,551 shares of the firm’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 sale, the vice president now directly owns 66,083 shares in the company, valued at approximately $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 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.