Carrier Global Co. (NYSE:CARR) Holdings Trimmed by Paladin Advisory Group LLC

Paladin Advisory Group LLC lowered its position in shares of Carrier Global Co. (NYSE:CARR) by 43.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,292 shares of the company’s stock after selling 1,002 shares during the quarter. Paladin Advisory Group LLC’s holdings in Carrier Global were worth $74,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CARR. American Century Companies Inc. boosted its stake in Carrier Global by 29.2% during the first quarter. American Century Companies Inc. now owns 16,359 shares of the company’s stock valued at $750,000 after buying an additional 3,700 shares in the last quarter. Panagora Asset Management Inc. boosted its position in shares of Carrier Global by 40.1% in the 1st quarter. Panagora Asset Management Inc. now owns 36,481 shares of the company’s stock valued at $1,673,000 after purchasing an additional 10,445 shares during the period. Sequoia Financial Advisors LLC boosted its position in shares of Carrier Global by 23.2% in the 1st quarter. Sequoia Financial Advisors LLC now owns 7,493 shares of the company’s stock valued at $343,000 after purchasing an additional 1,412 shares during the period. Candriam Luxembourg S.C.A. boosted its position in shares of Carrier Global by 22.7% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 65,241 shares of the company’s stock valued at $2,992,000 after purchasing an additional 12,089 shares during the period. Finally, Baird Financial Group Inc. boosted its position in shares of Carrier Global by 10.6% in the 1st quarter. Baird Financial Group Inc. now owns 786,543 shares of the company’s stock valued at $36,078,000 after purchasing an additional 75,622 shares during the period. Institutional investors own 91.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CARR shares. Royal Bank of Canada decreased their price target 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. Barclays increased their price target on Carrier Global from $71.00 to $78.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Citigroup increased their price target on Carrier Global from $60.00 to $63.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Oppenheimer reiterated an “outperform” rating and issued a $63.00 price target on shares of Carrier Global in a research report on Thursday. Finally, Wells Fargo & Company reduced their price objective on Carrier Global from $63.00 to $57.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 7th. Three analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $61.15.

Carrier Global Stock Up 0.3 %

Shares of CARR traded up $0.17 during midday trading on Friday, reaching $53.55. 3,576,696 shares of the stock were exchanged, compared to its average volume of 4,670,742. Carrier Global Co. has a 12-month low of $40.28 and a 12-month high of $60.87. The firm has a 50 day simple moving average of $56.41 and a 200-day simple moving average of $54.75. The company has a quick ratio of 2.40, a current ratio of 2.73 and a debt-to-equity ratio of 1.58. The company has a market cap of $48.20 billion, a price-to-earnings ratio of 33.79, a P/E/G ratio of 2.29 and a beta of 1.39.

Carrier Global (NYSE:CARR) last posted its quarterly earnings results on Tuesday, February 6th. The company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.02. Carrier Global had a return on equity of 27.19% and a net margin of 6.10%. The company had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.22 billion. During the same period last year, the business earned $0.40 EPS. The business’s quarterly revenue was down .1% on a year-over-year basis. Research analysts forecast 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. Stockholders of record on Friday, May 3rd will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date is Thursday, May 2nd. Carrier Global’s dividend payout ratio (DPR) is presently 48.10%.

Insider Transactions at Carrier Global

In related news, VP Kevin J. O’connor sold 26,551 shares of the firm’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 transaction, the vice president now directly owns 66,083 shares of the company’s stock, valued at approximately $3,553,282.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, VP Kevin J. O’connor sold 26,551 shares of the firm’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 transaction, the vice president now directly owns 66,083 shares of the company’s stock, valued at approximately $3,553,282.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David L. Gitlin sold 354,539 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 422,808 shares in the company, valued at $22,899,281.28. The disclosure for this sale can be found here. Company insiders own 6.95% of the company’s stock.

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.