Carrier Global Co. (NYSE:CARR) Shares Sold by Fractal Investments LLC

Fractal Investments LLC cut its position in Carrier Global Co. (NYSE:CARR) by 11.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,614 shares of the company’s stock after selling 1,887 shares during the period. Carrier Global accounts for 0.2% of Fractal Investments LLC’s holdings, making the stock its 27th largest position. Fractal Investments LLC’s holdings in Carrier Global were worth $840,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. C WorldWide Group Holding A S purchased a new position in Carrier Global in the 3rd quarter worth approximately $260,761,000. Impax Asset Management Group plc increased its stake in shares of Carrier Global by 6,362.1% in the 3rd quarter. Impax Asset Management Group plc now owns 2,236,841 shares of the company’s stock worth $123,474,000 after acquiring an additional 2,202,226 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Carrier Global by 103.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 2,600,774 shares of the company’s stock worth $143,563,000 after acquiring an additional 1,320,621 shares during the period. FMR LLC raised its holdings in shares of Carrier Global by 18.3% during the 3rd quarter. FMR LLC now owns 6,666,775 shares of the company’s stock worth $368,006,000 after acquiring an additional 1,033,484 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new position in shares of Carrier Global during the 3rd quarter valued at about $48,735,000. 91.00% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Carrier Global

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

Carrier Global Stock Down 0.7 %

Shares of CARR stock traded down $0.37 during trading on Wednesday, reaching $54.77. The company’s stock had a trading volume of 5,189,280 shares, compared to its average volume of 4,726,724. Carrier Global Co. has a 1-year low of $40.28 and a 1-year high of $60.87. The stock’s 50-day moving average price is $56.34 and its 200 day moving average price is $54.76. The company has a market capitalization of $49.30 billion, a price-to-earnings ratio of 34.66, a P/E/G ratio of 2.26 and a beta of 1.39. The company has a debt-to-equity ratio of 1.58, a current ratio of 2.73 and a quick ratio of 2.40.

Carrier Global (NYSE:CARR) last released its earnings results on Tuesday, February 6th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.51 by $0.02. The firm had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $5.22 billion. Carrier Global had a return on equity of 27.19% and a net margin of 6.10%. 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 firm posted $0.40 EPS. On average, research analysts anticipate that Carrier Global Co. will post 2.82 EPS for the current year.

Carrier Global Dividend Announcement

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 issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.39%. The ex-dividend date is Thursday, May 2nd. Carrier Global’s dividend payout ratio (DPR) is presently 48.10%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CARR. Royal Bank of Canada reduced their target price on shares of Carrier Global from $63.00 to $60.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 7th. Oppenheimer reiterated an “outperform” rating and issued a $63.00 price objective on shares of Carrier Global in a report on Thursday, April 18th. Citigroup raised their target price on Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Barclays upped their price target on Carrier Global from $71.00 to $78.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Finally, Wells Fargo & Company cut their price objective on 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. Three investment 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $61.15.

Carrier Global Company 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.