Cwm LLC Cuts Stock Position in Carrier Global Co. (NYSE:CARR)

Cwm LLC reduced its position in Carrier Global Co. (NYSE:CARR) by 9.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 61,191 shares of the company’s stock after selling 6,539 shares during the quarter. Cwm LLC’s holdings in Carrier Global were worth $3,515,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. OFI Invest Asset Management purchased a new stake in Carrier Global during the 3rd quarter valued at about $28,000. Larson Financial Group LLC boosted its holdings in Carrier Global by 76.2% during the 3rd quarter. Larson Financial Group LLC now owns 511 shares of the company’s stock valued at $28,000 after acquiring an additional 221 shares during the period. VisionPoint Advisory Group LLC purchased a new stake in Carrier Global during the 3rd quarter valued at about $30,000. GHP Investment Advisors Inc. boosted its holdings in Carrier Global by 205.1% during the 3rd quarter. GHP Investment Advisors Inc. now owns 595 shares of the company’s stock valued at $31,000 after acquiring an additional 400 shares during the period. Finally, Criterion Capital Advisors LLC bought a new position in Carrier Global during the 4th quarter valued at approximately $32,000. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Carrier Global

In other Carrier Global news, CEO David L. Gitlin sold 354,539 shares of the stock in a transaction on Thursday, February 8th. The stock was 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 in the company, valued at approximately $22,899,281.28. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Carrier Global news, CEO David L. Gitlin sold 354,539 shares of the stock in a transaction on Thursday, February 8th. The stock was 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 in the company, valued at approximately $22,899,281.28. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Kevin J. O’connor sold 26,551 shares of the stock in a transaction 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 sale, the vice president now owns 66,083 shares in the company, valued at $3,553,282.91. The disclosure for this sale can be found here. Company insiders own 6.95% of the company’s stock.

Analyst Ratings Changes

CARR has been the subject of a number of recent analyst reports. Citigroup upped their price target on Carrier Global from $60.00 to $63.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Oppenheimer reaffirmed an “outperform” rating and set a $63.00 price target on shares of Carrier Global in a research report on Thursday, April 18th. Wells Fargo & Company lowered their price target on Carrier Global from $63.00 to $57.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 7th. Royal Bank of Canada lowered their price target on Carrier Global from $63.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, February 7th. Finally, Barclays increased their target price on Carrier Global from $71.00 to $78.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $61.15.

Carrier Global Stock Down 0.7 %

CARR stock opened at $54.77 on Thursday. Carrier Global Co. has a twelve month low of $40.28 and a twelve month high of $60.87. The company has a quick ratio of 2.40, a current ratio of 2.73 and a debt-to-equity ratio of 1.58. The firm has a market cap of $49.30 billion, a PE ratio of 34.66, a price-to-earnings-growth ratio of 2.26 and a beta of 1.39. The business has a 50 day moving average of $56.34 and a 200 day moving average of $54.76.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data on Tuesday, February 6th. The company reported $0.53 earnings per share 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 analyst estimates of $5.22 billion. During the same quarter last year, the company earned $0.40 EPS. The firm’s revenue for the quarter was down .1% on a year-over-year basis. On average, research analysts forecast that Carrier Global Co. will post 2.82 EPS for the current fiscal year.

Carrier Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Friday, May 3rd will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $0.76 annualized dividend and a yield of 1.39%. Carrier Global’s dividend payout ratio is 48.10%.

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.