Carrier Global Co. (NYSE:CARR) Holdings Decreased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. decreased its holdings in shares of Carrier Global Co. (NYSE:CARRFree Report) by 0.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 149,931 shares of the company’s stock after selling 1,414 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Carrier Global were worth $8,715,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of CARR. Alps Advisors Inc. purchased a new position in shares of Carrier Global during the third quarter valued at $316,000. Schroder Investment Management Group grew its stake in Carrier Global by 7.3% in the third quarter. Schroder Investment Management Group now owns 114,124 shares of the company’s stock valued at $6,300,000 after purchasing an additional 7,717 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its stake in Carrier Global by 9.7% in the third quarter. Mercer Global Advisors Inc. ADV now owns 71,687 shares of the company’s stock valued at $3,957,000 after purchasing an additional 6,347 shares in the last quarter. Financial Gravity Asset Management Inc. grew its stake in Carrier Global by 1,270.0% in the third quarter. Financial Gravity Asset Management Inc. now owns 685 shares of the company’s stock valued at $38,000 after purchasing an additional 635 shares in the last quarter. Finally, Diversified Trust Co grew its stake in Carrier Global by 7.6% in the third quarter. Diversified Trust Co now owns 10,574 shares of the company’s stock valued at $584,000 after purchasing an additional 750 shares in the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Analysts Set New Price Targets

CARR has been the topic of a number of recent research reports. Robert W. Baird boosted their target price on Carrier Global from $60.00 to $64.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Barclays boosted their price target on Carrier Global from $79.00 to $81.00 and gave the stock an “overweight” rating in a research report on Friday, June 14th. TD Cowen boosted their price target on Carrier Global from $66.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. Oppenheimer boosted their price target on Carrier Global from $64.00 to $71.00 and gave the stock an “outperform” rating in a research report on Thursday, June 27th. Finally, Citigroup raised Carrier Global from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $65.00 to $74.00 in a research report on Monday, June 24th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $64.14.

Check Out Our Latest Analysis on CARR

Insider Buying and Selling at Carrier Global

In other Carrier Global news, CAO Kyle Crockett sold 4,611 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $66.39, for a total value of $306,124.29. Following the completion of the transaction, 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 legal filing with the SEC, which is available at this hyperlink. In other news, insider Jurgen Timperman sold 159,915 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $61.95, for a total value of $9,906,734.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Kyle Crockett sold 4,611 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was 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 in the company, valued at $135,568.38. 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 quarter. Corporate insiders own 6.95% of the company’s stock.

Carrier Global Price Performance

NYSE CARR opened at $63.14 on Tuesday. Carrier Global Co. has a twelve month low of $45.68 and a twelve month high of $66.50. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.99 and a current ratio of 1.36. The stock has a market capitalization of $56.89 billion, a PE ratio of 44.15, a P/E/G ratio of 2.46 and a beta of 1.32. The stock has a 50-day simple moving average of $63.80 and a 200 day simple moving average of $58.98.

Carrier Global (NYSE:CARRGet Free Report) last posted its quarterly earnings results on Thursday, April 25th. The company reported $0.62 EPS 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 analysts’ expectations of $6.27 billion. Carrier Global had a return on equity of 26.01% and a net margin of 5.41%. Research analysts anticipate that Carrier Global Co. will post 2.85 EPS for the current year.

Carrier Global Announces Dividend

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

Carrier Global 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.

See Also

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

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