Schnieders Capital Management LLC Sells 2,850 Shares of Carrier Global Co. (NYSE:CARR)

Schnieders Capital Management LLC lessened its holdings in Carrier Global Co. (NYSE:CARR) by 13.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,062 shares of the company’s stock after selling 2,850 shares during the quarter. Schnieders Capital Management LLC’s holdings in Carrier Global were worth $1,095,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in CARR. OFI Invest Asset Management purchased a new stake in Carrier Global during the third quarter worth about $28,000. Larson Financial Group LLC increased its stake in shares of Carrier Global by 76.2% during the 3rd quarter. Larson Financial Group LLC now owns 511 shares of the company’s stock worth $28,000 after purchasing an additional 221 shares during the last quarter. VisionPoint Advisory Group LLC bought a new stake in shares of Carrier Global in the 3rd quarter worth approximately $30,000. GHP Investment Advisors Inc. raised its holdings in shares of Carrier Global by 205.1% in the 3rd quarter. GHP Investment Advisors Inc. now owns 595 shares of the company’s stock worth $31,000 after purchasing an additional 400 shares during the period. Finally, Criterion Capital Advisors LLC purchased a new position in Carrier Global in the fourth quarter valued at approximately $32,000. 91.00% of the stock is owned by hedge funds and other institutional investors.

Carrier Global Price Performance

Shares of CARR traded up $1.55 during trading hours on Tuesday, reaching $55.17. 6,389,183 shares of the company’s stock traded hands, compared to its average volume of 4,720,790. Carrier Global Co. has a 12 month low of $40.28 and a 12 month high of $60.87. The company has a current ratio of 2.73, a quick ratio of 2.40 and a debt-to-equity ratio of 1.58. The stock has a market cap of $49.66 billion, a PE ratio of 34.92, a price-to-earnings-growth ratio of 2.26 and a beta of 1.39. The firm’s 50 day simple moving average is $56.34 and its 200-day simple moving average is $54.76.

Carrier Global (NYSE:CARR) last announced its earnings results on Tuesday, February 6th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.02. The business had revenue of $5.10 billion during the quarter, compared to analyst estimates of $5.22 billion. Carrier Global had a net margin of 6.10% and a return on equity of 27.19%. Carrier Global’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the previous year, the business posted $0.40 earnings per share. Equities analysts expect that Carrier Global Co. will post 2.82 EPS for the current year.

Carrier Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Friday, May 3rd will be given a dividend of $0.19 per share. The ex-dividend date is Thursday, May 2nd. This represents a $0.76 dividend on an annualized basis and a yield of 1.38%. Carrier Global’s payout ratio is 48.10%.

Insider Buying and Selling at Carrier Global

In related news, VP Kevin J. O’connor sold 26,551 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $53.77, for a total value of $1,427,647.27. Following the completion of the sale, the vice president now owns 66,083 shares in the company, valued at approximately $3,553,282.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Carrier Global news, CEO David L. Gitlin sold 354,539 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $54.16, for a total transaction of $19,201,832.24. Following the completion of the sale, the chief executive officer now directly owns 422,808 shares in the company, valued at $22,899,281.28. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Kevin J. O’connor sold 26,551 shares of Carrier Global stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $53.77, for a total value of $1,427,647.27. Following the completion of the transaction, the vice president now owns 66,083 shares in the company, valued at approximately $3,553,282.91. The disclosure for this sale can be found here. Company insiders own 6.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CARR shares. Barclays boosted their target price on Carrier Global from $71.00 to $78.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Wells Fargo & Company cut their target price on shares of Carrier Global from $63.00 to $57.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 7th. Citigroup boosted their price target on shares of Carrier Global from $60.00 to $63.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Royal Bank of Canada cut their price objective on shares of Carrier Global from $63.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, February 7th. Finally, Oppenheimer reissued an “outperform” rating and set a $63.00 target price on shares of Carrier Global in a report on Thursday, April 18th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $61.15.

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.