Nomura Holdings Inc. Takes Position in Carrier Global Co. (NYSE:CARR)

Nomura Holdings Inc. purchased a new position in Carrier Global Co. (NYSE:CARR) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 16,932 shares of the company’s stock, valued at approximately $973,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Beese Fulmer Investment Management Inc. boosted its stake in shares of Carrier Global by 0.9% during the 4th quarter. Beese Fulmer Investment Management Inc. now owns 19,474 shares of the company’s stock worth $1,119,000 after purchasing an additional 181 shares during the period. Graypoint LLC raised its holdings in shares of Carrier Global by 1.9% in the fourth quarter. Graypoint LLC now owns 9,752 shares of the company’s stock worth $560,000 after buying an additional 184 shares during the period. Sovereign Financial Group Inc. lifted its stake in shares of Carrier Global by 4.7% during the 4th quarter. Sovereign Financial Group Inc. now owns 4,224 shares of the company’s stock worth $243,000 after acquiring an additional 188 shares during the last quarter. Operose Advisors LLC boosted its holdings in Carrier Global by 44.4% during the 3rd quarter. Operose Advisors LLC now owns 650 shares of the company’s stock valued at $36,000 after acquiring an additional 200 shares during the period. Finally, McClarren Financial Advisors Inc. grew its position in Carrier Global by 86.7% in the 4th quarter. McClarren Financial Advisors Inc. now owns 435 shares of the company’s stock valued at $25,000 after acquiring an additional 202 shares during the last quarter. 91.00% of the stock is owned by hedge funds and other institutional investors.

Carrier Global Price Performance

Shares of CARR stock opened at $64.21 on Friday. The stock’s 50-day moving average is $62.13 and its 200 day moving average is $58.30. Carrier Global Co. has a 1-year low of $45.68 and a 1-year high of $66.50. 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 company has a market cap of $57.85 billion, a P/E ratio of 44.90, a PEG ratio of 2.65 and a beta of 1.33.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data on Thursday, April 25th. The company reported $0.62 EPS for the quarter, topping 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%. Research analysts predict that Carrier Global Co. will post 2.85 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 8th. Investors of record on Friday, June 21st will be paid a dividend of $0.19 per share. The ex-dividend date is Friday, June 21st. This represents a $0.76 annualized dividend and a yield of 1.18%. Carrier Global’s dividend payout ratio (DPR) is 53.15%.

Insider Activity at Carrier Global

In other news, insider Jurgen Timperman sold 159,915 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $61.95, for a total transaction of $9,906,734.25. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, VP Nadia Villeneuve sold 98,428 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $65.40, for a total value of $6,437,191.20. Following the completion of the transaction, the vice president now owns 85,028 shares in the company, valued at approximately $5,560,831.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jurgen Timperman sold 159,915 shares of Carrier Global stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $61.95, for a total value of $9,906,734.25. The disclosure for this sale can be found here. Insiders have sold 262,954 shares of company stock valued at $16,650,050 in the last ninety days. Corporate insiders own 6.95% of the company’s stock.

Analyst Ratings Changes

CARR has been the subject of several research analyst reports. Wells Fargo & Company lifted 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, April 26th. Oppenheimer lifted their price objective on shares of Carrier Global from $63.00 to $64.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Barclays upped their target price on shares of Carrier Global from $79.00 to $81.00 and gave the stock an “overweight” rating in a research note on Friday, June 14th. 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 note on Monday, April 8th. Finally, Robert W. Baird increased their price objective on Carrier Global from $60.00 to $64.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. Three research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $62.86.

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.