Carrier Global Co. (NYSE:CARR) Shares Sold by Nicolet Advisory Services LLC

Nicolet Advisory Services LLC lowered its position in Carrier Global Co. (NYSE:CARR) by 8.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,484 shares of the company’s stock after selling 815 shares during the period. Nicolet Advisory Services LLC’s holdings in Carrier Global were worth $493,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of CARR. Capital Research Global Investors increased its stake in shares of Carrier Global by 3.3% during the fourth quarter. Capital Research Global Investors now owns 92,829,907 shares of the company’s stock worth $5,333,084,000 after purchasing an additional 2,961,923 shares in the last quarter. Capital International Investors increased its stake in shares of Carrier Global by 0.6% during the fourth quarter. Capital International Investors now owns 81,063,464 shares of the company’s stock worth $4,657,260,000 after purchasing an additional 443,568 shares in the last quarter. Fisher Asset Management LLC increased its stake in shares of Carrier Global by 2.4% during the fourth quarter. Fisher Asset Management LLC now owns 13,307,231 shares of the company’s stock worth $764,500,000 after purchasing an additional 310,453 shares in the last quarter. Norges Bank purchased a new stake in shares of Carrier Global during the fourth quarter worth about $444,487,000. Finally, PineStone Asset Management Inc. increased its stake in shares of Carrier Global by 21.6% during the fourth quarter. PineStone Asset Management Inc. now owns 4,752,550 shares of the company’s stock worth $273,034,000 after purchasing an additional 845,622 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Insider Buying and Selling at Carrier Global

In other Carrier Global news, CAO Kyle Crockett sold 4,611 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $66.39, for a total value of $306,124.29. Following the sale, the chief accounting officer now directly owns 2,042 shares of the company’s stock, valued at approximately $135,568.38. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, VP Nadia Villeneuve sold 98,428 shares of the stock in a transaction on Friday, May 10th. The shares were sold at an average price of $65.40, for a total value of $6,437,191.20. Following the transaction, the vice president now directly owns 85,028 shares of the company’s stock, valued at approximately $5,560,831.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Kyle Crockett sold 4,611 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $66.39, for a total transaction of $306,124.29. Following the transaction, the chief accounting officer now directly owns 2,042 shares in the company, valued at $135,568.38. The disclosure for this sale can be found here. In the last three months, insiders have sold 262,954 shares of company stock valued at $16,650,050. Insiders own 6.95% of the company’s stock.

Carrier Global Stock Down 1.2 %

Carrier Global stock traded down $0.81 during mid-day trading on Friday, reaching $66.24. 2,822,408 shares of the company’s stock were exchanged, compared to its average volume of 4,008,864. The company has a market cap of $59.68 billion, a P/E ratio of 46.32, a P/E/G ratio of 2.58 and a beta of 1.32. Carrier Global Co. has a twelve month low of $45.68 and a twelve month high of $70.09. The company has a quick ratio of 0.99, a current ratio of 1.36 and a debt-to-equity ratio of 1.31. The company has a fifty day moving average of $64.35 and a 200-day moving average of $59.53.

Carrier Global (NYSE:CARR) last released its earnings results on Thursday, April 25th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.12. The company had revenue of $6.18 billion for the quarter, compared to analyst estimates of $6.27 billion. Carrier Global had a net margin of 5.41% and a return on equity of 26.01%. Sell-side analysts expect that Carrier Global Co. will post 2.85 EPS for the current year.

Carrier Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 8th. Shareholders of record on Friday, June 21st will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend is Friday, June 21st. Carrier Global’s dividend payout ratio is presently 53.15%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Oppenheimer upped their price objective on shares of Carrier Global from $64.00 to $71.00 and gave the company an “outperform” rating in a research note on Thursday, June 27th. Barclays upped their price objective on shares of Carrier Global from $79.00 to $81.00 and gave the company an “overweight” rating in a research note on Friday, June 14th. TD Cowen upped their price objective on shares of Carrier Global from $66.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, April 29th. Wells Fargo & Company upped 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. Finally, Robert W. Baird raised shares of Carrier Global from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $64.00 to $75.00 in a research note on Monday, July 15th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $64.93.

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.