Carrier Global Co. (NYSE:CARR) Shares Sold by Stevens Capital Management LP

Stevens Capital Management LP cut its holdings in shares of Carrier Global Co. (NYSE:CARR) by 30.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,521 shares of the company’s stock after selling 2,420 shares during the quarter. Stevens Capital Management LP’s holdings in Carrier Global were worth $317,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CARR. Larson Financial Group LLC lifted its holdings in shares of Carrier Global by 76.2% in the third quarter. Larson Financial Group LLC now owns 511 shares of the company’s stock valued at $28,000 after purchasing an additional 221 shares in the last quarter. OFI Invest Asset Management acquired a new stake in shares of Carrier Global in the 3rd quarter worth about $28,000. VisionPoint Advisory Group LLC bought a new position in shares of Carrier Global during the 3rd quarter valued at about $30,000. Criterion Capital Advisors LLC purchased a new stake in shares of Carrier Global in the fourth quarter worth approximately $32,000. Finally, Planned Solutions Inc. bought a new position in Carrier Global during the fourth quarter valued at approximately $33,000. 91.00% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO David L. Gitlin sold 354,539 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 422,808 shares of the company’s stock, valued at $22,899,281.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other 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 shares were sold at an average price of $53.77, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David L. Gitlin sold 354,539 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $54.16, for a total transaction of $19,201,832.24. Following the transaction, the chief executive officer now owns 422,808 shares of the company’s stock, valued at approximately $22,899,281.28. The disclosure for this sale can be found here. 6.95% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have weighed in on CARR shares. Citigroup boosted their price objective on Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Wells Fargo & Company raised their price objective on Carrier Global from $59.00 to $66.00 and gave the company an “equal weight” rating in a research note on Friday. Royal Bank of Canada lowered their price objective on Carrier Global from $63.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, February 7th. Oppenheimer upped their target price on Carrier Global from $63.00 to $64.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Barclays upped their price objective on Carrier Global from $78.00 to $79.00 and gave the company an “overweight” rating in a research note on Friday. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Carrier Global currently has a consensus rating of “Hold” and a consensus target price of $62.00.

Carrier Global Stock Performance

Shares of Carrier Global stock traded up $0.70 on Friday, hitting $60.51. 6,683,432 shares of the company’s stock were exchanged, compared to its average volume of 4,818,077. The company has a debt-to-equity ratio of 1.58, a quick ratio of 2.40 and a current ratio of 2.73. Carrier Global Co. has a 1 year low of $40.28 and a 1 year high of $60.87. The company has a 50-day simple moving average of $56.41 and a 200-day simple moving average of $54.79. The stock has a market capitalization of $54.47 billion, a PE ratio of 38.21, a PEG ratio of 2.31 and a beta of 1.39.

Carrier Global (NYSE:CARR) last posted its earnings results on Thursday, April 25th. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.12. The firm had revenue of $6.18 billion for the quarter, compared to the consensus estimate of $6.27 billion. Carrier Global had a net margin of 6.10% and a return on equity of 27.19%. As a group, equities analysts anticipate 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. Investors of record on Friday, May 3rd will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Thursday, May 2nd. Carrier Global’s dividend payout ratio (DPR) is presently 48.10%.

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.