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

C WorldWide Group Holding A S lowered its holdings in Carrier Global Co. (NYSE:CARR) by 11.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,203,900 shares of the company’s stock after selling 520,034 shares during the quarter. Carrier Global comprises approximately 3.2% of C WorldWide Group Holding A S’s investment portfolio, making the stock its 13th largest holding. C WorldWide Group Holding A S owned about 0.50% of Carrier Global worth $241,514,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Northern Trust Corp raised its position in Carrier Global by 3.4% in the 3rd quarter. Northern Trust Corp now owns 8,941,301 shares of the company’s stock valued at $493,560,000 after buying an additional 289,973 shares during the last quarter. FMR LLC grew its stake in shares of Carrier Global by 18.3% in the 3rd quarter. FMR LLC now owns 6,666,775 shares of the company’s stock worth $368,006,000 after acquiring an additional 1,033,484 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Carrier Global by 12.5% in the third quarter. JPMorgan Chase & Co. now owns 4,681,849 shares of the company’s stock valued at $258,438,000 after purchasing an additional 521,189 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Carrier Global by 0.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,576,177 shares of the company’s stock valued at $252,605,000 after purchasing an additional 26,425 shares in the last quarter. Finally, Impax Asset Management Group plc boosted its holdings in Carrier Global by 47.8% during the fourth quarter. Impax Asset Management Group plc now owns 3,306,877 shares of the company’s stock worth $189,980,000 after purchasing an additional 1,070,036 shares during the last quarter. Institutional investors own 91.00% of the company’s stock.

Insiders Place Their Bets

In other Carrier Global news, VP Kevin J. O’connor sold 26,551 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $53.77, for a total transaction of $1,427,647.27. Following the completion of the sale, the vice president now directly owns 66,083 shares in the company, valued at approximately $3,553,282.91. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Carrier Global news, 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 sale, the vice president now directly owns 66,083 shares in the company, valued at approximately $3,553,282.91. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO David L. Gitlin sold 354,539 shares of the business’s stock in a transaction on Thursday, February 8th. The stock was 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 of the company’s stock, valued at $22,899,281.28. The disclosure for this sale can be found here. 6.95% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CARR has been the subject of several analyst reports. Wells Fargo & Company increased their price objective on shares of Carrier Global from $59.00 to $66.00 and gave the company an “equal weight” rating in a research note on Friday. Citigroup lifted their price objective on Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Barclays lifted their price target on shares of Carrier Global from $78.00 to $79.00 and gave the company an “overweight” rating in a report on Friday. Oppenheimer upped their price objective on shares of Carrier Global from $63.00 to $64.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Royal Bank of Canada lowered their target price on shares of Carrier Global from $63.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, February 7th. 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $62.00.

Carrier Global Stock Performance

NYSE:CARR traded up $0.69 during midday trading on Friday, hitting $60.50. The company’s stock had a trading volume of 6,684,176 shares, compared to its average volume of 4,318,700. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.36 and a quick ratio of 2.40. Carrier Global Co. has a fifty-two week low of $40.28 and a fifty-two week high of $60.87. The firm’s 50 day moving average is $56.54 and its 200-day moving average is $54.83. The firm has a market cap of $54.46 billion, a P/E ratio of 42.31, a P/E/G ratio of 2.50 and a beta of 1.39.

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

Carrier Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Friday, May 3rd will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend is Thursday, May 2nd. Carrier Global’s payout ratio is presently 53.15%.

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.