Carrier Global Co. (NYSE:CARR) Shares Sold by IMA Wealth Inc.

IMA Wealth Inc. decreased its position in Carrier Global Co. (NYSE:CARR) by 13.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 33,462 shares of the company’s stock after selling 5,073 shares during the period. IMA Wealth Inc.’s holdings in Carrier Global were worth $1,922,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Russell Investments Group Ltd. boosted its stake in shares of Carrier Global by 1.2% during the fourth quarter. Russell Investments Group Ltd. now owns 1,489,686 shares of the company’s stock valued at $85,624,000 after acquiring an additional 16,950 shares during the last quarter. Addison Advisors LLC boosted its stake in shares of Carrier Global by 60.1% during the fourth quarter. Addison Advisors LLC now owns 3,299 shares of the company’s stock valued at $190,000 after acquiring an additional 1,238 shares during the last quarter. Citizens Financial Group Inc. RI boosted its stake in shares of Carrier Global by 53.9% during the fourth quarter. Citizens Financial Group Inc. RI now owns 8,931 shares of the company’s stock valued at $513,000 after acquiring an additional 3,126 shares during the last quarter. Mountain Pacific Investment Advisers Inc. ID boosted its stake in shares of Carrier Global by 18.1% during the fourth quarter. Mountain Pacific Investment Advisers Inc. ID now owns 10,730 shares of the company’s stock valued at $616,000 after acquiring an additional 1,645 shares during the last quarter. Finally, Kovack Advisors Inc. boosted its stake in shares of Carrier Global by 29.4% during the fourth quarter. Kovack Advisors Inc. now owns 7,162 shares of the company’s stock valued at $411,000 after acquiring an additional 1,629 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Insider Buying and Selling at Carrier Global

In other news, 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 sale, the chief executive officer now owns 422,808 shares of the company’s stock, valued at approximately $22,899,281.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related 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 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 accessible through this hyperlink. Also, VP Kevin J. O’connor sold 26,551 shares of Carrier Global 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 transaction, the vice president now owns 66,083 shares in the company, valued at $3,553,282.91. The disclosure for this sale can be found here. 6.95% of the stock is owned by company insiders.

Carrier Global Stock Up 1.2 %

NYSE CARR traded up $0.69 during mid-day trading on Friday, reaching $60.50. 6,684,176 shares of the company’s stock traded hands, 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 fifty day simple moving average of $56.54 and a 200-day simple moving average of $54.83. 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 company has a market cap of $54.46 billion, a price-to-earnings ratio of 42.31, a P/E/G 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, topping the consensus estimate of $0.50 by $0.12. The company had revenue of $6.18 billion during the quarter, compared to analyst estimates of $6.27 billion. Carrier Global had a return on equity of 26.01% and a net margin of 5.41%. As a group, equities research analysts expect that Carrier Global Co. will post 2.84 EPS for the current year.

Carrier Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Friday, May 3rd will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.26%. The ex-dividend date is Thursday, May 2nd. Carrier Global’s payout ratio is currently 53.15%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CARR. Oppenheimer increased their price objective on Carrier Global from $63.00 to $64.00 and gave the company an “outperform” rating in a research note on Friday. Royal Bank of Canada reduced their target price on Carrier Global from $63.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 7th. Barclays increased their target price on Carrier Global from $78.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday. Wells Fargo & Company increased their target price on Carrier Global from $59.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Friday. Finally, Citigroup increased their target price on Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $62.00.

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.