Carret Asset Management LLC Sells 210 Shares of Carrier Global Co. (NYSE:CARR)

Carret Asset Management LLC trimmed its position in Carrier Global Co. (NYSE:CARR) by 2.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,877 shares of the company’s stock after selling 210 shares during the quarter. Carret Asset Management LLC’s holdings in Carrier Global were worth $574,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. McClarren Financial Advisors Inc. increased its holdings in shares of Carrier Global by 86.7% in the fourth quarter. McClarren Financial Advisors Inc. now owns 435 shares of the company’s stock worth $25,000 after purchasing an additional 202 shares during the last quarter. DiNuzzo Private Wealth Inc. bought a new stake in shares of Carrier Global in the fourth quarter worth about $25,000. EdgeRock Capital LLC bought a new stake in shares of Carrier Global in the fourth quarter worth about $27,000. VisionPoint Advisory Group LLC purchased a new position in Carrier Global in the third quarter worth about $30,000. Finally, Criterion Capital Advisors LLC purchased a new position in Carrier Global in the fourth quarter worth about $32,000. 91.00% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CAO Kyle Crockett sold 4,611 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $66.39, for a total transaction of $306,124.29. Following the transaction, the chief accounting officer now directly owns 2,042 shares of the company’s stock, valued at $135,568.38. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CAO Kyle Crockett sold 4,611 shares of the business’s 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 sale, the chief accounting officer now directly owns 2,042 shares of the company’s stock, valued at $135,568.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Nadia Villeneuve sold 98,428 shares of the business’s 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 sale, the vice president now directly owns 85,028 shares in the company, valued at $5,560,831.20. The disclosure for this sale can be found here. Insiders sold 262,954 shares of company stock valued at $16,650,050 over the last 90 days. Corporate insiders own 6.95% of the company’s stock.

Carrier Global Stock Performance

Carrier Global stock opened at $63.41 on Thursday. The company has a 50 day moving average price of $63.67 and a 200-day moving average price of $58.83. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.99 and a current ratio of 1.36. Carrier Global Co. has a fifty-two week low of $45.68 and a fifty-two week high of $66.50. The company has a market capitalization of $57.13 billion, a PE ratio of 44.34, a P/E/G ratio of 2.46 and a beta of 1.32.

Carrier Global (NYSE:CARR) last issued its quarterly earnings data on Thursday, April 25th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.12. The company had revenue of $6.18 billion during the quarter, compared to the consensus estimate of $6.27 billion. Carrier Global had a net margin of 5.41% and a return on equity of 26.01%. As a group, equities analysts forecast that Carrier Global Co. will post 2.85 earnings per share for the current year.

Carrier Global Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts recently commented on the company. Citigroup upgraded Carrier Global from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $65.00 to $74.00 in a research report on Monday, June 24th. TD Cowen lifted 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 lifted 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. Robert W. Baird lifted their price target on Carrier Global from $60.00 to $64.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. Finally, Wells Fargo & Company lifted their price target 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. Three analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $64.14.

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.