Kerntke Otto McGlone Wealth Management Group Sells 210 Shares of Carrier Global Co. (NYSE:CARR)

Kerntke Otto McGlone Wealth Management Group reduced its position in shares of Carrier Global Co. (NYSE:CARR) by 3.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 5,321 shares of the company’s stock after selling 210 shares during the quarter. Kerntke Otto McGlone Wealth Management Group’s holdings in Carrier Global were worth $306,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in CARR. Beese Fulmer Investment Management Inc. increased its holdings in Carrier Global by 0.9% during the 4th quarter. Beese Fulmer Investment Management Inc. now owns 19,474 shares of the company’s stock valued at $1,119,000 after purchasing an additional 181 shares during the period. Graypoint LLC raised its holdings in shares of Carrier Global by 1.9% during the fourth quarter. Graypoint LLC now owns 9,752 shares of the company’s stock valued at $560,000 after acquiring an additional 184 shares in the last quarter. Global Wealth Management Investment Advisory Inc. raised its holdings in shares of Carrier Global by 16.0% during the third quarter. Global Wealth Management Investment Advisory Inc. now owns 1,450 shares of the company’s stock valued at $80,000 after acquiring an additional 200 shares in the last quarter. Operose Advisors LLC lifted its stake in Carrier Global by 44.4% in the third quarter. Operose Advisors LLC now owns 650 shares of the company’s stock worth $36,000 after acquiring an additional 200 shares during the period. Finally, Boston Financial Mangement LLC boosted its holdings in Carrier Global by 2.2% in the third quarter. Boston Financial Mangement LLC now owns 9,399 shares of the company’s stock valued at $519,000 after acquiring an additional 201 shares in the last quarter. Institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Up 1.9 %

Shares of NYSE:CARR traded up $1.15 on Friday, hitting $62.09. 3,622,875 shares of the company traded hands, compared to its average volume of 4,988,253. The company has a market cap of $55.94 billion, a PE ratio of 43.42, a PEG ratio of 2.56 and a beta of 1.34. The stock has a 50 day simple moving average of $57.32 and a 200-day simple moving average of $55.09. Carrier Global Co. has a 52 week low of $40.28 and a 52 week high of $63.79. The company has a quick ratio of 0.99, a current ratio of 1.36 and a debt-to-equity ratio of 1.31.

Carrier Global (NYSE:CARR) last released its quarterly earnings data on Thursday, April 25th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.12. Carrier Global had a return on equity of 26.01% and a net margin of 5.41%. The business had revenue of $6.18 billion for the quarter, compared to analysts’ expectations of $6.27 billion. As a group, research analysts expect that Carrier Global Co. will post 2.85 earnings per share for the current year.

Carrier Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Friday, May 3rd will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $0.76 dividend on an annualized basis and a yield of 1.22%. Carrier Global’s dividend payout ratio (DPR) is 53.15%.

Insider Buying and Selling

In other Carrier Global news, CEO David L. Gitlin sold 354,539 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Carrier Global news, CEO David L. Gitlin sold 354,539 shares of the company’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 transaction of $19,201,832.24. Following the completion of the sale, the chief executive officer now directly owns 422,808 shares of the company’s stock, valued at $22,899,281.28. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Kevin J. O’connor sold 26,551 shares of Carrier Global 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 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. Over the last quarter, insiders have sold 541,005 shares of company stock worth $30,536,214. 6.95% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have commented on CARR shares. Barclays upped their price objective on shares of Carrier Global from $78.00 to $79.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. Wells Fargo & Company raised their price objective on shares of Carrier Global from $59.00 to $66.00 and gave the stock an “equal weight” rating in a report on Friday, April 26th. Robert W. Baird upped their target price on Carrier Global from $60.00 to $64.00 and gave the stock a “neutral” rating in a report on Friday. Oppenheimer raised their target price on Carrier Global from $63.00 to $64.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Finally, Royal Bank of Canada dropped their price target on Carrier Global from $63.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 7th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $62.71.

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.