Carrier Global Co. (NYSE:CARR) Stock Position Cut by Bailard Inc.

Bailard Inc. cut its position in shares of Carrier Global Co. (NYSE:CARR) by 9.9% during the 4th quarter, Holdings Channel reports. The firm owned 6,367 shares of the company’s stock after selling 700 shares during the period. Bailard Inc.’s holdings in Carrier Global were worth $366,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. OFI Invest Asset Management acquired a new stake in Carrier Global in the third quarter valued at approximately $28,000. Larson Financial Group LLC lifted its stake in shares of Carrier Global by 76.2% in the 3rd quarter. Larson Financial Group LLC now owns 511 shares of the company’s stock valued at $28,000 after purchasing an additional 221 shares during the last quarter. VisionPoint Advisory Group LLC bought a new stake in Carrier Global in the third quarter worth $30,000. Criterion Capital Advisors LLC acquired a new position in Carrier Global during the fourth quarter worth $32,000. Finally, Planned Solutions Inc. bought a new position in Carrier Global during the fourth quarter valued at about $33,000. 91.00% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CARR has been the topic of a number of analyst reports. Oppenheimer increased their price objective on Carrier Global from $63.00 to $64.00 and gave the company an “outperform” rating in a report on Friday. Citigroup lifted their price target on shares of Carrier Global from $60.00 to $63.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Wells Fargo & Company boosted their price objective on shares of Carrier Global from $59.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Friday. Barclays raised their target price on shares of Carrier Global from $78.00 to $79.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Royal Bank of Canada cut their target price on shares of Carrier Global from $63.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, February 7th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $62.00.

Insider Activity

In related news, CEO David L. Gitlin sold 354,539 shares of the 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 completion of the transaction, the chief executive officer now owns 422,808 shares of the company’s stock, valued at $22,899,281.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Kevin J. O’connor sold 26,551 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were 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 disclosure for this sale can be found here. 6.95% of the stock is owned by company insiders.

Carrier Global Trading Up 1.2 %

Carrier Global stock opened at $60.50 on Monday. The business has a 50 day moving average price of $56.54 and a two-hundred day moving average price of $54.82. The company has a quick ratio of 2.40, a current ratio of 1.36 and a debt-to-equity ratio of 1.31. Carrier Global Co. has a 12 month low of $40.28 and a 12 month high of $60.87. The stock has a market cap of $54.46 billion, a price-to-earnings ratio of 42.31, a price-to-earnings-growth ratio of 2.53 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, beating analysts’ consensus estimates of $0.50 by $0.12. The business 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 analysts forecast that Carrier Global Co. will post 2.84 EPS for the current year.

Carrier Global Dividend Announcement

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