Insider Selling: Carrier Global Co. (NYSE:CARR) VP Sells $1,427,647.27 in Stock

Carrier Global Co. (NYSE:CARRGet Free Report) VP Kevin J. O’connor sold 26,551 shares of the stock in a transaction dated 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 sale, the vice president now directly owns 66,083 shares in the company, valued at approximately $3,553,282.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Carrier Global Price Performance

Shares of NYSE CARR opened at $56.01 on Monday. The company has a debt-to-equity ratio of 1.58, a current ratio of 2.73 and a quick ratio of 1.25. The stock has a fifty day moving average price of $55.97 and a 200 day moving average price of $54.55. 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 P/E/G ratio of 1.90 and a beta of 1.42.

Carrier Global (NYSE:CARRGet Free Report) last released its earnings results on Tuesday, February 6th. The company reported $0.53 EPS for the quarter, beating 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 quarter last year, the company earned $0.40 earnings per share. Carrier Global’s quarterly revenue was down .1% compared to the same quarter last year. Sell-side analysts forecast 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. Shareholders of record on Thursday, December 21st were issued a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, December 20th. This represents a $0.76 dividend on an annualized basis and a yield of 1.36%. This is an increase from Carrier Global’s previous quarterly dividend of $0.19. Carrier Global’s dividend payout ratio (DPR) is 48.10%.

Analysts Set New Price Targets

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

View Our Latest Stock Analysis on CARR

Institutional Investors Weigh In On Carrier Global

A number of hedge funds and other institutional investors have recently bought and sold shares of CARR. Knuff & Co LLC acquired a new stake in Carrier Global in the second quarter valued at $25,000. McClarren Financial Advisors Inc. raised its stake in shares of Carrier Global by 86.7% during the 4th quarter. McClarren Financial Advisors Inc. now owns 435 shares of the company’s stock worth $25,000 after buying an additional 202 shares during the last quarter. DiNuzzo Private Wealth Inc. acquired a new position in shares of Carrier Global during the 4th quarter worth $25,000. Covestor Ltd raised its stake in shares of Carrier Global by 121.2% during the 1st quarter. Covestor Ltd now owns 553 shares of the company’s stock worth $25,000 after buying an additional 303 shares during the last quarter. Finally, Avalon Trust Co acquired a new position in shares of Carrier Global during the 2nd quarter worth $27,000. Institutional investors and hedge funds own 91.47% of the company’s stock.

About Carrier Global

(Get 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.

Featured Articles

Receive News & Ratings for Carrier Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carrier Global and related companies with MarketBeat.com's FREE daily email newsletter.