Adams Diversified Equity Fund Inc. Has $17.57 Million Holdings in Carrier Global Corporation (NYSE:CARR)

Adams Diversified Equity Fund Inc. reduced its stake in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 14.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 277,200 shares of the company's stock after selling 48,000 shares during the quarter. Adams Diversified Equity Fund Inc.'s holdings in Carrier Global were worth $17,574,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Brighton Jones LLC raised its stake in shares of Carrier Global by 30.3% in the 4th quarter. Brighton Jones LLC now owns 7,958 shares of the company's stock valued at $543,000 after buying an additional 1,850 shares in the last quarter. Handelsbanken Fonder AB raised its stake in shares of Carrier Global by 202.3% in the 4th quarter. Handelsbanken Fonder AB now owns 8,951 shares of the company's stock valued at $611,000 after buying an additional 5,990 shares in the last quarter. Sigma Planning Corp raised its stake in shares of Carrier Global by 1.5% in the 4th quarter. Sigma Planning Corp now owns 12,923 shares of the company's stock valued at $882,000 after buying an additional 194 shares in the last quarter. TCW Group Inc. raised its stake in shares of Carrier Global by 2.6% in the 4th quarter. TCW Group Inc. now owns 11,780 shares of the company's stock valued at $804,000 after buying an additional 299 shares in the last quarter. Finally, Wealthspire Advisors LLC raised its stake in shares of Carrier Global by 3.7% in the 4th quarter. Wealthspire Advisors LLC now owns 4,473 shares of the company's stock valued at $305,000 after buying an additional 161 shares in the last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on CARR shares. Royal Bank Of Canada increased their price objective on shares of Carrier Global from $86.00 to $87.00 and gave the company an "outperform" rating in a research note on Tuesday, May 20th. Robert W. Baird increased their target price on shares of Carrier Global from $80.00 to $88.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 20th. Wells Fargo & Company increased their target price on shares of Carrier Global from $65.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. Barclays increased their target price on shares of Carrier Global from $83.00 to $84.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. increased their target price on shares of Carrier Global from $66.00 to $79.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $83.00.

Carrier Global Stock Up 1.0%

Shares of NYSE:CARR opened at $72.53 on Wednesday. Carrier Global Corporation has a 12 month low of $54.22 and a 12 month high of $83.32. The company's 50-day moving average price is $69.14 and its two-hundred day moving average price is $67.24. 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 firm has a market cap of $62.18 billion, a P/E ratio of 11.23, a P/E/G ratio of 2.01 and a beta of 1.33.

Carrier Global (NYSE:CARR - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.65 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.07. Carrier Global had a net margin of 25.45% and a return on equity of 18.10%. The firm had revenue of $5.22 billion for the quarter, compared to analyst estimates of $5.17 billion. During the same quarter in the prior year, the firm earned $0.51 EPS. The company's revenue was down 3.7% on a year-over-year basis. As a group, research analysts forecast that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Monday, July 21st will be issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Monday, July 21st. Carrier Global's dividend payout ratio is currently 13.93%.

Insider Activity

In other news, Director Maximilian Viessmann sold 4,267,425 shares of the firm's 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 transaction, the director now owns 54,341,534 shares of the company's stock, valued at approximately $3,820,209,840.20. This trade represents a 7.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 7.20% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.