Sequoia Financial Advisors LLC Sells 4,802 Shares of Carrier Global Co. (NYSE:CARR)

Sequoia Financial Advisors LLC trimmed its holdings in shares of Carrier Global Co. (NYSE:CARRFree Report) by 27.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,447 shares of the company’s stock after selling 4,802 shares during the period. Sequoia Financial Advisors LLC’s holdings in Carrier Global were worth $724,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of Carrier Global in the 4th quarter valued at about $444,487,000. Capital Research Global Investors boosted its holdings in shares of Carrier Global by 3.3% in the 4th quarter. Capital Research Global Investors now owns 92,829,907 shares of the company’s stock valued at $5,333,084,000 after buying an additional 2,961,923 shares in the last quarter. Bristol Gate Capital Partners Inc. bought a new stake in shares of Carrier Global in the 4th quarter valued at about $92,651,000. Impax Asset Management Group plc boosted its holdings in shares of Carrier Global by 47.8% in the 4th quarter. Impax Asset Management Group plc now owns 3,306,877 shares of the company’s stock valued at $189,980,000 after buying an additional 1,070,036 shares in the last quarter. Finally, PineStone Asset Management Inc. boosted its holdings in shares of Carrier Global by 21.6% in the 4th quarter. PineStone Asset Management Inc. now owns 4,752,550 shares of the company’s stock valued at $273,034,000 after buying an additional 845,622 shares in the last quarter. 91.00% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CAO Kyle Crockett sold 4,611 shares of Carrier Global stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $66.39, for a total transaction of $306,124.29. Following the completion of the transaction, the chief accounting officer now directly owns 2,042 shares of the company’s stock, valued at approximately $135,568.38. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CAO Kyle Crockett sold 4,611 shares of Carrier Global stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $66.39, for a total value of $306,124.29. Following the sale, the chief accounting officer now owns 2,042 shares of the company’s stock, valued at approximately $135,568.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Nadia Villeneuve sold 98,428 shares of Carrier Global stock in a transaction on Friday, May 10th. The shares were sold at an average price of $65.40, for a total transaction of $6,437,191.20. Following the completion of the sale, the vice president now directly owns 85,028 shares in the company, valued at approximately $5,560,831.20. The disclosure for this sale can be found here. Insiders sold a total of 262,954 shares of company stock valued at $16,650,050 in the last three months. 6.95% of the stock is currently owned by corporate insiders.

Carrier Global Price Performance

NYSE:CARR opened at $63.24 on Friday. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.36 and a quick ratio of 0.99. The firm has a market cap of $56.98 billion, a price-to-earnings ratio of 44.22, a price-to-earnings-growth ratio of 2.46 and a beta of 1.32. The company has a 50 day moving average price of $63.80 and a 200-day moving average price of $58.92. Carrier Global Co. has a 1-year low of $45.68 and a 1-year high of $66.50.

Carrier Global (NYSE:CARRGet Free Report) last posted its earnings results on Thursday, April 25th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.12. The firm had revenue of $6.18 billion during the quarter, compared to analyst estimates of $6.27 billion. Carrier Global had a net margin of 5.41% and a return on equity of 26.01%. Equities research analysts forecast that Carrier Global Co. will post 2.85 EPS for the current year.

Carrier Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 8th. Stockholders of record on Friday, June 21st will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Friday, June 21st. Carrier Global’s dividend payout ratio (DPR) is 53.15%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CARR shares. Wells Fargo & Company raised their price target on shares of Carrier Global from $59.00 to $66.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. Oppenheimer increased their price objective on shares of Carrier Global from $64.00 to $71.00 and gave the company an “outperform” rating in a research report on Thursday, June 27th. Barclays increased their price objective on shares of Carrier Global from $79.00 to $81.00 and gave the company an “overweight” rating in a research report on Friday, June 14th. Citigroup raised shares of Carrier Global from a “neutral” rating to a “buy” rating and increased their price objective for the company from $65.00 to $74.00 in a research report on Monday, June 24th. Finally, TD Cowen increased their price objective on shares of Carrier Global from $66.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, April 29th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $64.14.

Check Out Our Latest Stock Report on CARR

Carrier Global Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Carrier Global (NYSE:CARR)

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