NTV Asset Management LLC Has $420,000 Stake in Carrier Global Co. (NYSE:CARR)

NTV Asset Management LLC lowered its holdings in Carrier Global Co. (NYSE:CARR) by 4.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,319 shares of the company’s stock after selling 358 shares during the quarter. NTV Asset Management LLC’s holdings in Carrier Global were worth $420,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of CARR. Fisher Asset Management LLC increased its position in shares of Carrier Global by 2.3% during the fourth quarter. Fisher Asset Management LLC now owns 13,293,503 shares of the company’s stock worth $763,712,000 after acquiring an additional 296,725 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Carrier Global by 3.4% in the third quarter. Northern Trust Corp now owns 8,941,301 shares of the company’s stock valued at $493,560,000 after purchasing an additional 289,973 shares in the last quarter. FMR LLC boosted its position in shares of Carrier Global by 18.3% during the third quarter. FMR LLC now owns 6,666,775 shares of the company’s stock valued at $368,006,000 after buying an additional 1,033,484 shares during the last quarter. C WorldWide Group Holding A S bought a new stake in Carrier Global during the third quarter worth $260,761,000. Finally, JPMorgan Chase & Co. raised its position in Carrier Global by 12.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,681,849 shares of the company’s stock valued at $258,438,000 after buying an additional 521,189 shares during the last quarter. Institutional investors own 91.00% of the company’s stock.

Carrier Global Trading Up 1.9 %

CARR traded up $1.15 on Friday, hitting $62.09. The company had a trading volume of 3,622,875 shares, compared to its average volume of 4,988,253. The business’s fifty day simple moving average is $57.32 and its 200 day simple moving average is $55.14. 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 Co. has a 12-month low of $40.28 and a 12-month high of $63.79. The company has a market cap of $55.94 billion, a PE ratio of 43.42, a PEG ratio of 2.61 and a beta of 1.34.

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

Carrier Global Announces Dividend

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

Insiders Place Their Bets

In related news, VP Kevin J. O’connor sold 26,551 shares of the company’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 transaction, the vice president now directly owns 66,083 shares of the company’s stock, valued at approximately $3,553,282.91. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, insider Jurgen Timperman sold 159,915 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $61.95, for a total transaction of $9,906,734.25. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Kevin J. O’connor sold 26,551 shares of the firm’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 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. Over the last ninety days, insiders sold 541,005 shares of company stock worth $30,536,214. 6.95% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Wells Fargo & Company increased their price objective on shares of Carrier Global from $59.00 to $66.00 and gave the company an “equal weight” rating in a research note on Friday, April 26th. Citigroup upped their target price on shares of Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Royal Bank of Canada lowered their price target on shares of Carrier Global from $63.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, February 7th. Barclays lifted their target price on shares of Carrier Global from $78.00 to $79.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. Finally, Robert W. Baird lifted their price objective on Carrier Global from $60.00 to $64.00 and gave the stock a “neutral” rating in a research report on Friday. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price 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.