Carrier Global Co. (NYSE:CARR) Shares Acquired by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board boosted its position in Carrier Global Co. (NYSE:CARRFree Report) by 27.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 305,497 shares of the company’s stock after buying an additional 66,000 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Carrier Global were worth $16,863,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CARR. Tower View Wealth Management LLC raised its stake in shares of Carrier Global by 0.3% during the second quarter. Tower View Wealth Management LLC now owns 55,090 shares of the company’s stock valued at $2,739,000 after purchasing an additional 187 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of Carrier Global by 7.3% during the 2nd quarter. Geneos Wealth Management Inc. now owns 2,781 shares of the company’s stock worth $138,000 after buying an additional 189 shares in the last quarter. Oakworth Capital Inc. raised its position in shares of Carrier Global by 12.3% during the 2nd quarter. Oakworth Capital Inc. now owns 1,831 shares of the company’s stock worth $91,000 after buying an additional 200 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake in shares of Carrier Global by 3.3% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 6,236 shares of the company’s stock worth $310,000 after acquiring an additional 200 shares during the period. Finally, Foster & Motley Inc. boosted its holdings in shares of Carrier Global by 1.4% in the second quarter. Foster & Motley Inc. now owns 14,532 shares of the company’s stock valued at $722,000 after acquiring an additional 200 shares in the last quarter. 91.47% of the stock is owned by institutional investors and hedge funds.

Carrier Global Price Performance

NYSE CARR opened at $56.01 on Monday. The company has a current ratio of 2.73, a quick ratio of 2.40 and a debt-to-equity ratio of 1.58. Carrier Global Co. has a 1 year low of $40.28 and a 1 year high of $60.04. The company has a market cap of $50.32 billion, a PE ratio of 35.45, a PEG ratio of 1.90 and a beta of 1.42. The stock’s 50-day moving average price is $55.97 and its two-hundred day moving average price is $54.55.

Carrier Global (NYSE:CARRGet Free Report) last released its quarterly earnings results on Tuesday, February 6th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.02. The business had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.22 billion. Carrier Global had a net margin of 6.10% and a return on equity of 27.19%. The firm’s revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.40 earnings per share. On average, analysts predict that Carrier Global Co. will post 2.85 EPS for the current year.

Carrier Global Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 9th. Stockholders of record on Thursday, December 21st were issued a $0.19 dividend. The ex-dividend date was Wednesday, December 20th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.36%. This is a positive change from Carrier Global’s previous quarterly dividend of $0.19. Carrier Global’s dividend payout ratio is presently 48.10%.

Insider Transactions at Carrier Global

In other Carrier Global news, VP Ajay Agrawal sold 16,500 shares of Carrier Global stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $57.99, for a total transaction of $956,835.00. Following the transaction, the vice president now owns 89,920 shares of the company’s stock, valued at approximately $5,214,460.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Carrier Global news, VP Ajay Agrawal sold 16,500 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $57.99, for a total value of $956,835.00. Following the completion of the sale, the vice president now owns 89,920 shares in the company, valued at approximately $5,214,460.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO David L. Gitlin sold 354,539 shares of Carrier Global stock in a transaction 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 sale, the chief executive officer now directly 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. Insiders sold a total of 397,590 shares of company stock valued at $21,586,315 over the last quarter. Company insiders own 0.38% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Citigroup boosted their target price on Carrier Global from $52.00 to $56.00 and gave the stock a “neutral” rating in a report on Monday, December 11th. Wells Fargo & Company dropped their price objective on Carrier Global from $63.00 to $57.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 7th. Royal Bank of Canada decreased 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. Finally, Oppenheimer lowered their target price on Carrier Global from $60.00 to $58.00 and set an “outperform” rating on the stock in a report on Monday, October 23rd. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Carrier Global has a consensus rating of “Hold” and a consensus target price of $58.29.

Read Our Latest Report on Carrier Global

Carrier Global Company Profile

(Free Report)

Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies worldwide. It operates through three segments: HVAC, Refrigeration, and Fire & Security. The HVAC segment provides products, controls, services, and solutions to meet the heating, cooling, and ventilation needs of residential and commercial customers.

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Institutional Ownership by Quarter for Carrier Global (NYSE:CARR)

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