Carrier Global Corporation (NYSE:CARR) Holdings Lowered by Alpine Woods Capital Investors LLC

Alpine Woods Capital Investors LLC trimmed its holdings in Carrier Global Corporation (NYSE:CARR - Free Report) by 12.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 104,262 shares of the company's stock after selling 14,412 shares during the period. Carrier Global comprises approximately 1.7% of Alpine Woods Capital Investors LLC's holdings, making the stock its 14th largest holding. Alpine Woods Capital Investors LLC's holdings in Carrier Global were worth $6,610,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Ritter Daniher Financial Advisory LLC DE increased its holdings in Carrier Global by 90.0% in the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 380 shares of the company's stock valued at $26,000 after buying an additional 180 shares during the last quarter. Park Square Financial Group LLC acquired a new position in shares of Carrier Global in the 4th quarter worth approximately $28,000. Investment Research & Advisory Group Inc. bought a new stake in shares of Carrier Global in the 1st quarter valued at approximately $29,000. Mattson Financial Services LLC acquired a new stake in shares of Carrier Global during the 4th quarter valued at approximately $31,000. Finally, Meeder Asset Management Inc. lifted its stake in Carrier Global by 236.1% during the fourth quarter. Meeder Asset Management Inc. now owns 484 shares of the company's stock worth $33,000 after purchasing an additional 340 shares during the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on CARR shares. 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 report on Friday, May 16th. Barclays increased their price objective on shares of Carrier Global from $83.00 to $84.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 7th. Melius initiated coverage on Carrier Global in a research note on Tuesday, July 1st. They issued a "hold" rating and a $90.00 target price for the company. Royal Bank Of Canada increased their price target on Carrier Global from $86.00 to $87.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 20th. Finally, Robert W. Baird boosted their price objective on Carrier Global from $80.00 to $88.00 and gave the company an "outperform" rating in a research report on Tuesday, May 20th. Six analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Carrier Global has an average rating of "Moderate Buy" and an average target price of $83.82.

Insider Buying and Selling

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 transaction of $299,999,977.50. Following the completion of the transaction, the director owned 54,341,534 shares in the company, valued at approximately $3,820,209,840.20. This trade represents a 7.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 7.20% of the company's stock.

Carrier Global Price Performance

Shares of Carrier Global stock traded down $0.06 on Friday, hitting $76.71. The company had a trading volume of 3,805,081 shares, compared to its average volume of 4,694,750. Carrier Global Corporation has a 52 week low of $54.22 and a 52 week high of $83.32. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.20 and a quick ratio of 0.83. The company has a market cap of $65.76 billion, a PE ratio of 11.87, a PEG ratio of 2.09 and a beta of 1.31. The business has a 50-day simple moving average of $72.55 and a 200-day simple moving average of $67.62.

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

Carrier Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Investors 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 1.17%. The ex-dividend date is Monday, July 21st. Carrier Global's payout ratio is currently 13.93%.

About Carrier Global

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.