Carrier Global Corporation (NYSE:CARR - Get Free Report) was the recipient of some unusual options trading on Wednesday. Stock traders purchased 55,744 put options on the company. This represents an increase of approximately 1,526% compared to the average volume of 3,428 put options.
Insider Transactions at Carrier Global
In other news, Director Maximilian Viessmann sold 4,267,425 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $70.30, for a total value of $299,999,977.50. Following the completion of the transaction, the director owned 54,341,534 shares of the company's stock, valued at approximately $3,820,209,840.20. This represents a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.20% of the stock is currently owned by corporate insiders.
Institutional Trading of Carrier Global
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nuveen LLC bought a new position in Carrier Global in the 1st quarter valued at about $649,512,000. Norges Bank bought a new position in shares of Carrier Global during the 4th quarter worth approximately $588,029,000. JPMorgan Chase & Co. boosted its stake in shares of Carrier Global by 17.6% in the 1st quarter. JPMorgan Chase & Co. now owns 31,126,869 shares of the company's stock worth $1,973,444,000 after buying an additional 4,668,929 shares during the last quarter. Brown Advisory Inc. grew its holdings in shares of Carrier Global by 82.6% in the first quarter. Brown Advisory Inc. now owns 9,673,979 shares of the company's stock valued at $613,330,000 after acquiring an additional 4,377,402 shares in the last quarter. Finally, Artisan Partners Limited Partnership purchased a new stake in shares of Carrier Global during the 4th quarter valued at $166,061,000. 91.00% of the stock is owned by institutional investors.
Carrier Global Trading Down 0.2%
CARR traded down $0.14 during trading on Thursday, reaching $79.47. 3,574,515 shares of the stock traded hands, compared to its average volume of 3,817,752. The stock's 50-day moving average is $73.44 and its 200 day moving average is $68.13. Carrier Global has a 12 month low of $54.22 and a 12 month high of $83.32. The company has a quick ratio of 0.83, a current ratio of 1.20 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $68.13 billion, a PE ratio of 12.30, a P/E/G ratio of 2.17 and a beta of 1.31.
Carrier Global (NYSE:CARR - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.58 by $0.07. The company had revenue of $5.22 billion for the quarter, compared to analyst estimates of $5.17 billion. Carrier Global had a return on equity of 18.10% and a net margin of 25.45%. The firm's revenue for the quarter was down 3.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.51 EPS. Equities analysts anticipate that Carrier Global will post 2.99 earnings per share for the current year.
Carrier Global Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Monday, July 21st will be paid a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 1.13%. The ex-dividend date is Monday, July 21st. Carrier Global's dividend payout ratio (DPR) is currently 13.93%.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on CARR shares. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $79.00 price objective on shares of Carrier Global in a research report on Tuesday, July 15th. Mizuho set a $72.00 target price on shares of Carrier Global in a research note on Tuesday, April 22nd. Melius started coverage on Carrier Global in a research note on Tuesday, July 1st. They issued a "hold" rating and a $90.00 price target for the company. Royal Bank Of Canada raised their price objective on Carrier Global from $86.00 to $87.00 and gave the company an "outperform" rating in a report on Tuesday, May 20th. Finally, Northcoast Research raised Carrier Global from a "neutral" rating to a "buy" rating and set a $85.00 target price for the company in a report on Friday, May 9th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $84.65.
Read Our Latest Stock Report on Carrier Global
About Carrier Global
(
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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.
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