Carrier Global Co. (NYSE:CARR) Shares Sold by Avanza Fonder AB

Avanza Fonder AB lessened its stake in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 14.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,389 shares of the company's stock after selling 11,072 shares during the period. Avanza Fonder AB's holdings in Carrier Global were worth $4,253,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of CARR. Brighton Jones LLC lifted its position in Carrier Global by 30.3% during the fourth quarter. Brighton Jones LLC now owns 7,958 shares of the company's stock valued at $543,000 after purchasing an additional 1,850 shares in the last quarter. Golden State Wealth Management LLC bought a new position in shares of Carrier Global during the fourth quarter valued at approximately $63,000. Apollon Wealth Management LLC grew its stake in shares of Carrier Global by 15.4% during the fourth quarter. Apollon Wealth Management LLC now owns 25,983 shares of the company's stock valued at $1,774,000 after buying an additional 3,468 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Carrier Global by 15.1% in the fourth quarter. Empowered Funds LLC now owns 55,962 shares of the company's stock valued at $3,820,000 after purchasing an additional 7,358 shares during the period. Finally, Kestra Private Wealth Services LLC boosted its holdings in shares of Carrier Global by 4.4% in the fourth quarter. Kestra Private Wealth Services LLC now owns 18,980 shares of the company's stock valued at $1,296,000 after purchasing an additional 805 shares during the period. Institutional investors own 91.00% of the company's stock.

Insider Buying and Selling

In related news, Director Maximilian Viessmann sold 4,267,425 shares of the business's stock in a transaction on 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 sale, the director now directly owns 54,341,534 shares of the company's stock, valued at $3,820,209,840.20. The trade was a 7.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 7.20% of the company's stock.

Carrier Global Trading Down 1.8%

Shares of NYSE CARR traded down $1.31 during midday trading on Friday, reaching $71.17. 3,559,102 shares of the stock were exchanged, compared to its average volume of 4,687,528. The company has a 50 day simple moving average of $67.57 and a 200 day simple moving average of $67.54. The stock has a market capitalization of $61.01 billion, a P/E ratio of 11.33, a PEG ratio of 2.01 and a beta of 1.33. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25. Carrier Global Co. has a twelve month low of $54.22 and a twelve month high of $83.32.

Carrier Global (NYSE:CARR - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.07. The firm had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $5.17 billion. Carrier Global had a net margin of 23.83% and a return on equity of 18.82%. The firm's revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.51 EPS. As a group, equities analysts expect that Carrier Global Co. will post 2.99 earnings per share for the current year.

Carrier Global Dividend Announcement

The firm 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. The ex-dividend date is Monday, July 21st. This represents a $0.90 annualized dividend and a dividend yield of 1.26%. Carrier Global's dividend payout ratio (DPR) is 13.93%.

Wall Street Analyst Weigh In

Several analysts have recently commented on CARR shares. Northcoast Research upgraded Carrier Global from a "neutral" rating to a "buy" rating and set a $85.00 price objective for the company in a report on Friday, May 9th. Barclays increased their price target on Carrier Global from $83.00 to $84.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 7th. Robert W. Baird increased their price target on Carrier Global from $80.00 to $88.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 20th. Wolfe Research raised shares of Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 target price on the stock in a research note on Monday, February 24th. Finally, Royal Bank of Canada raised their price target 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. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $83.00.

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.