Carrier Global Co. (NYSE:CARR) Stake Reduced by Mather Group LLC.

Mather Group LLC. decreased its holdings in shares of Carrier Global Co. (NYSE:CARR) by 4.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,287 shares of the company’s stock after selling 373 shares during the period. Mather Group LLC.’s holdings in Carrier Global were worth $419,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. McClarren Financial Advisors Inc. lifted its stake in Carrier Global by 86.7% during the fourth quarter. McClarren Financial Advisors Inc. now owns 435 shares of the company’s stock valued at $25,000 after purchasing an additional 202 shares during the last quarter. DiNuzzo Private Wealth Inc. acquired a new position in Carrier Global in the fourth quarter worth approximately $25,000. EdgeRock Capital LLC bought a new position in shares of Carrier Global in the fourth quarter valued at $27,000. VisionPoint Advisory Group LLC acquired a new stake in shares of Carrier Global during the 3rd quarter valued at $30,000. Finally, Criterion Capital Advisors LLC bought a new stake in shares of Carrier Global during the 4th quarter worth $32,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Insider Buying and Selling at Carrier Global

In other news, CAO Kyle Crockett sold 4,611 shares of the stock in a transaction 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 transaction, the chief accounting officer now owns 2,042 shares in the company, valued at approximately $135,568.38. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CAO Kyle Crockett sold 4,611 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $66.39, for a total transaction of $306,124.29. Following the completion of the sale, the chief accounting officer now owns 2,042 shares in the company, valued at approximately $135,568.38. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Nadia Villeneuve sold 98,428 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $65.40, for a total value of $6,437,191.20. Following the transaction, 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 262,954 shares of company stock worth $16,650,050 over the last ninety days. 6.95% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

CARR has been the topic of a number of recent analyst reports. Oppenheimer boosted their target price on Carrier Global from $63.00 to $64.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Robert W. Baird boosted their price objective on Carrier Global from $60.00 to $64.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Citigroup upped their price objective on shares of Carrier Global from $60.00 to $63.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. TD Cowen lifted their target price on shares of Carrier Global from $66.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. Finally, Wells Fargo & Company boosted 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. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Carrier Global currently has a consensus rating of “Hold” and an average target price of $62.86.

Carrier Global Stock Performance

Shares of CARR opened at $64.21 on Friday. The company has a market capitalization of $57.85 billion, a PE ratio of 44.90, a PEG ratio of 2.65 and a beta of 1.33. 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 company’s 50 day moving average price is $62.13 and its 200 day moving average price is $58.30. Carrier Global Co. has a 52 week low of $45.68 and a 52 week high of $66.50.

Carrier Global (NYSE:CARR) last issued 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. Carrier Global had a net margin of 5.41% and a return on equity of 26.01%. The company had revenue of $6.18 billion during the quarter, compared to analyst estimates of $6.27 billion. Research analysts expect that Carrier Global Co. will post 2.85 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 8th. Shareholders of record on Friday, June 21st will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.18%. The ex-dividend date is Friday, June 21st. Carrier Global’s payout ratio is currently 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.