Carrier Global Co. (NYSE:CARR) Shares Sold by Baker Chad R

Baker Chad R trimmed its holdings in Carrier Global Co. (NYSE:CARR - Free Report) by 2.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 263,900 shares of the company's stock after selling 7,585 shares during the quarter. Carrier Global accounts for 3.4% of Baker Chad R's portfolio, making the stock its 8th largest holding. Baker Chad R's holdings in Carrier Global were worth $16,731,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Norges Bank acquired a new position in Carrier Global in the 4th quarter valued at approximately $588,029,000. Wealthfront Advisers LLC increased its position in shares of Carrier Global by 5,840.1% during the fourth quarter. Wealthfront Advisers LLC now owns 5,000,000 shares of the company's stock valued at $341,300,000 after purchasing an additional 4,915,826 shares during the period. Brown Advisory Inc. increased its position in shares of Carrier Global by 139.1% during the fourth quarter. Brown Advisory Inc. now owns 5,296,577 shares of the company's stock valued at $361,544,000 after purchasing an additional 3,080,984 shares during the period. Artisan Partners Limited Partnership acquired a new position in shares of Carrier Global in the fourth quarter valued at $166,061,000. Finally, Raymond James Financial Inc. bought a new position in Carrier Global in the fourth quarter worth $108,433,000. Institutional investors and hedge funds own 91.00% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on CARR shares. Robert W. Baird boosted their price target on shares of Carrier Global from $80.00 to $88.00 and gave the company an "outperform" rating in a report on Tuesday, May 20th. Barclays lifted their target price on shares of Carrier Global from $83.00 to $84.00 and gave the company an "overweight" rating in a research report on Wednesday, May 7th. Wolfe Research raised shares of Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 price target for the company in a research report on Monday, February 24th. Royal Bank of Canada lifted 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, Mizuho set a $72.00 price objective on Carrier Global in a research note on Tuesday, April 22nd. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $83.00.

Insider Activity at Carrier Global

In other Carrier Global news, Director Maximilian Viessmann sold 4,267,425 shares of the company's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $70.30, for a total transaction 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 represents a 7.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.20% of the stock is currently owned by company insiders.

Carrier Global Price Performance

Carrier Global stock traded down $1.31 on Friday, reaching $71.17. The company's stock had a trading volume of 3,559,102 shares, compared to its average volume of 4,686,354. Carrier Global Co. has a twelve month low of $54.22 and a twelve month high of $83.32. The company has a market cap of $61.01 billion, a price-to-earnings 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. The business's fifty day moving average price is $67.25 and its 200 day moving average price is $67.58.

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. The firm had revenue of $5.22 billion for the quarter, compared to analyst estimates of $5.17 billion. Carrier Global had a net margin of 23.83% and a return on equity of 18.82%. The company's revenue was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.51 EPS. Equities analysts expect that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Monday, July 21st will be paid a dividend of $0.225 per share. 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 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.