Sawgrass Asset Management LLC Reduces Holdings in Carrier Global Co. (NYSE:CARR)

Sawgrass Asset Management LLC lessened its position in shares of Carrier Global Co. (NYSE:CARR) by 31.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,987 shares of the company’s stock after selling 6,951 shares during the quarter. Sawgrass Asset Management LLC’s holdings in Carrier Global were worth $861,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. McClarren Financial Advisors Inc. raised its stake in shares of Carrier Global by 86.7% in the 4th quarter. McClarren Financial Advisors Inc. now owns 435 shares of the company’s stock valued at $25,000 after acquiring an additional 202 shares during the period. DiNuzzo Private Wealth Inc. purchased a new stake in Carrier Global in the fourth quarter valued at approximately $25,000. OFI Invest Asset Management acquired a new position in Carrier Global during the third quarter worth $28,000. Larson Financial Group LLC boosted its position in shares of Carrier Global by 76.2% during the third quarter. Larson Financial Group LLC now owns 511 shares of the company’s stock worth $28,000 after buying an additional 221 shares during the period. Finally, VisionPoint Advisory Group LLC acquired a new stake in shares of Carrier Global in the third quarter valued at $30,000. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Carrier Global

In other Carrier Global news, insider Jurgen Timperman sold 159,915 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $61.95, for a total value of $9,906,734.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, VP Kevin J. O’connor sold 26,551 shares of the company’s stock in a transaction dated 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 sale, the vice president now directly owns 66,083 shares of the company’s stock, valued at $3,553,282.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jurgen Timperman sold 159,915 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $61.95, for a total value of $9,906,734.25. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 541,005 shares of company stock worth $30,536,214. Corporate insiders own 6.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CARR. Robert W. Baird increased their target price on Carrier Global from $60.00 to $64.00 and gave the stock a “neutral” rating in a research note on Friday. Oppenheimer raised their price target on shares of Carrier Global from $63.00 to $64.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Wells Fargo & Company boosted their price target on shares of Carrier Global from $59.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Friday, April 26th. TD Cowen increased their price objective on Carrier Global from $66.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, April 29th. Finally, Royal Bank of Canada lowered their target price on Carrier Global from $63.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, February 7th. Three equities 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. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $62.71.

Carrier Global Stock Up 0.3 %

CARR stock traded up $0.20 during trading on Tuesday, hitting $64.26. 4,667,451 shares of the company’s stock were exchanged, compared to its average volume of 4,864,900. The stock has a market capitalization of $57.90 billion, a price-to-earnings ratio of 44.94, a PEG ratio of 2.61 and a beta of 1.34. Carrier Global Co. has a 52-week low of $40.49 and a 52-week high of $64.69. The company has a current ratio of 1.36, a quick ratio of 0.99 and a debt-to-equity ratio of 1.31. The business has a 50-day moving average price of $57.53 and a two-hundred day moving average price of $55.24.

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

Carrier Global Dividend Announcement

The company also recently disclosed 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 dividend yield of 1.18%. The ex-dividend date is Thursday, May 2nd. Carrier Global’s payout ratio is 53.15%.

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.