OLD National Bancorp IN decreased its position in shares of Carrier Global Co. (NYSE:CARR – Free Report) by 3.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,132 shares of the company’s stock after selling 275 shares during the quarter. OLD National Bancorp IN’s holdings in Carrier Global were worth $372,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Moneta Group Investment Advisors LLC raised its position in Carrier Global by 83,676.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 8,410,303 shares of the company’s stock valued at $346,925,000 after acquiring an additional 8,400,264 shares in the last quarter. Norges Bank purchased a new position in Carrier Global during the fourth quarter valued at approximately $297,581,000. Victory Capital Management Inc. raised its position in Carrier Global by 1,140.8% during the fourth quarter. Victory Capital Management Inc. now owns 4,138,117 shares of the company’s stock valued at $170,697,000 after acquiring an additional 3,804,624 shares in the last quarter. Renaissance Technologies LLC raised its position in Carrier Global by 126.0% during the first quarter. Renaissance Technologies LLC now owns 5,306,931 shares of the company’s stock valued at $243,429,000 after acquiring an additional 2,958,400 shares in the last quarter. Finally, StonePine Asset Management Inc. raised its position in Carrier Global by 659.1% during the first quarter. StonePine Asset Management Inc. now owns 2,532,199 shares of the company’s stock valued at $115,848,000 after acquiring an additional 2,198,601 shares in the last quarter. Institutional investors and hedge funds own 86.33% of the company’s stock.
Insiders Place Their Bets
In other news, insider Jurgen Timperman sold 138,956 shares of the company’s stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $45.01, for a total value of $6,254,409.56. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.38% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
Carrier Global Stock Performance
NYSE CARR opened at $50.04 on Wednesday. The stock’s fifty day moving average is $44.32 and its two-hundred day moving average is $44.23. The firm has a market capitalization of $41.78 billion, a P/E ratio of 16.91, a price-to-earnings-growth ratio of 1.89 and a beta of 1.39. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.23 and a current ratio of 1.70. Carrier Global Co. has a fifty-two week low of $33.10 and a fifty-two week high of $50.17.
Carrier Global (NYSE:CARR – Free Report) last released its quarterly earnings data on Tuesday, April 25th. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The company had revenue of $5.27 billion for the quarter, compared to analyst estimates of $5.05 billion. Carrier Global had a return on equity of 25.56% and a net margin of 12.02%. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 earnings per share. On average, research analysts anticipate that Carrier Global Co. will post 2.57 earnings per share for the current year.
Carrier Global Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 10th. Shareholders of record on Friday, June 23rd will be paid a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date is Thursday, June 22nd. Carrier Global’s dividend payout ratio (DPR) is currently 25.00%.
Carrier Global Profile
Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies worldwide. It operates through three segments: HVAC, Refrigeration, and Fire & Security. The HVAC segment provides products, controls, services, and solutions to meet the heating, cooling, and ventilation needs of residential and commercial customers.
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