Sigma Planning Corp trimmed its stake in Carrier Global Co. (NYSE:CARR – Free Report) by 3.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,301 shares of the company’s stock after selling 655 shares during the period. Sigma Planning Corp’s holdings in Carrier Global were worth $883,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of CARR. Geode Capital Management LLC increased its stake in Carrier Global by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 17,034,851 shares of the company’s stock valued at $701,402,000 after purchasing an additional 366,145 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of Carrier Global by 109.6% in the first quarter. Fisher Asset Management LLC now owns 10,892,166 shares of the company’s stock worth $498,317,000 after acquiring an additional 5,694,510 shares during the period. Morgan Stanley grew its stake in shares of Carrier Global by 18.1% in the fourth quarter. Morgan Stanley now owns 9,414,230 shares of the company’s stock worth $388,337,000 after acquiring an additional 1,443,747 shares during the period. Moneta Group Investment Advisors LLC grew its stake in shares of Carrier Global by 83,676.3% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 8,410,303 shares of the company’s stock worth $346,925,000 after acquiring an additional 8,400,264 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Carrier Global by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,462,760 shares of the company’s stock worth $307,872,000 after acquiring an additional 67,877 shares during the period. 86.33% of the stock is owned by hedge funds and other institutional investors.
Carrier Global Price Performance
CARR stock opened at $56.16 on Thursday. The business has a 50 day moving average price of $51.09 and a 200 day moving average price of $46.44. The stock has a market cap of $47.04 billion, a price-to-earnings ratio of 22.29, a PEG ratio of 2.27 and a beta of 1.41. Carrier Global Co. has a fifty-two week low of $33.10 and a fifty-two week high of $60.04. The company has a quick ratio of 1.19, a current ratio of 1.63 and a debt-to-equity ratio of 1.04.
Carrier Global Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 10th. Investors of record on Friday, June 23rd will be issued a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date is Thursday, June 22nd. Carrier Global’s dividend payout ratio is currently 29.37%.
Insiders Place Their Bets
In other Carrier Global news, insider Jurgen Timperman sold 138,956 shares of the firm’s stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $45.01, for a total transaction of $6,254,409.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Carrier Global news, insider Jurgen Timperman sold 138,956 shares of the business’s stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $45.01, for a total transaction of $6,254,409.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Kyle Crockett sold 6,817 shares of the business’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $59.22, for a total value of $403,702.74. Following the transaction, the vice president now owns 42 shares in the company, valued at approximately $2,487.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 310,223 shares of company stock worth $16,401,775. 0.38% of the stock is owned by company insiders.
Analyst Ratings Changes
CARR has been the subject of a number of research analyst reports. Bank of America lifted their price target on shares of Carrier Global from $51.00 to $58.00 in a research note on Friday, July 14th. Morgan Stanley raised their price objective on shares of Carrier Global from $49.00 to $57.00 and gave the stock an “equal weight” rating in a report on Friday, July 28th. Wells Fargo & Company raised their price objective on shares of Carrier Global from $45.00 to $50.00 in a report on Monday, July 10th. TD Cowen raised their price objective on shares of Carrier Global from $54.00 to $62.00 and gave the stock an “outperform” rating in a report on Monday, July 31st. Finally, Mizuho raised their price objective on shares of Carrier Global from $53.00 to $63.00 and gave the stock a “buy” rating in a report on Friday, July 28th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.65.
View Our Latest Stock Report on Carrier Global
Carrier Global Company 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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