Carrier Global Co. (NYSE:CARR) Stock Holdings Trimmed by Meiji Yasuda Life Insurance Co

Meiji Yasuda Life Insurance Co reduced its position in Carrier Global Co. (NYSE:CARR) by 6.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,161 shares of the company’s stock after selling 2,022 shares during the quarter. Meiji Yasuda Life Insurance Co’s holdings in Carrier Global were worth $1,637,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CARR. McClarren Financial Advisors Inc. boosted its stake in Carrier Global by 86.7% in the fourth 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. acquired a new stake in Carrier Global during the 4th quarter valued at $25,000. EdgeRock Capital LLC acquired a new position in shares of Carrier Global in the fourth quarter worth $27,000. Criterion Capital Advisors LLC acquired a new position in shares of Carrier Global in the fourth quarter worth $32,000. Finally, United Community Bank bought a new stake in Carrier Global in the fourth quarter worth $34,000. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Carrier Global

In related news, VP Nadia Villeneuve sold 98,428 shares of the company’s stock in a transaction dated 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 owns 85,028 shares in the company, valued at approximately $5,560,831.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Carrier Global news, VP Nadia Villeneuve sold 98,428 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $65.40, for a total transaction of $6,437,191.20. Following the transaction, the vice president now owns 85,028 shares in the company, valued at approximately $5,560,831.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Kyle Crockett sold 4,611 shares of the stock in a transaction that occurred 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 owns 2,042 shares in the company, valued at approximately $135,568.38. The disclosure for this sale can be found here. 6.95% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on CARR. TD Cowen upped their price target on shares of Carrier Global from $66.00 to $70.00 and gave the company a “buy” rating in a report on Monday, April 29th. Citigroup raised shares of Carrier Global from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $65.00 to $74.00 in a report on Monday, June 24th. Oppenheimer decreased their price target on shares of Carrier Global from $71.00 to $70.00 and set an “outperform” rating on the stock in a research note on Friday, July 26th. Barclays increased their price target 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. Finally, Bank of America raised shares of Carrier Global from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $55.00 to $72.00 in a research note on Monday. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Carrier Global currently has an average rating of “Hold” and a consensus price target of $66.86.

Carrier Global Stock Up 1.0 %

CARR stock traded up $0.67 during midday trading on Wednesday, hitting $68.10. The company’s stock had a trading volume of 3,509,547 shares, compared to its average volume of 4,447,026. The company’s fifty day moving average price is $64.58 and its 200 day moving average price is $60.09. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.08 and a quick ratio of 0.80. Carrier Global Co. has a twelve month low of $45.68 and a twelve month high of $70.09. The stock has a market capitalization of $61.48 billion, a P/E ratio of 47.15, a PEG ratio of 2.70 and a beta of 1.32.

Carrier Global (NYSE:CARR) last issued its earnings results on Thursday, July 25th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02. The company had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.05 billion. Carrier Global had a net margin of 14.27% and a return on equity of 23.68%. Carrier Global’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.79 EPS. As a group, equities research analysts predict that Carrier Global Co. will post 2.84 EPS for the current year.

Carrier Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 8th. Investors of record on Friday, June 21st will be paid a $0.19 dividend. The ex-dividend date of this dividend is Friday, June 21st. This represents a $0.76 dividend on an annualized basis and a yield of 1.12%. Carrier Global’s dividend payout ratio (DPR) is currently 53.15%.

Carrier Global Company 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.