C WorldWide Group Holding A S Sells 74,643 Shares of Carrier Global Corporation (NYSE:CARR)

C WorldWide Group Holding A S decreased its holdings in Carrier Global Corporation (NYSE:CARR - Free Report) by 2.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,707,603 shares of the company's stock after selling 74,643 shares during the period. Carrier Global comprises approximately 2.9% of C WorldWide Group Holding A S's investment portfolio, making the stock its 16th biggest holding. C WorldWide Group Holding A S owned about 0.43% of Carrier Global worth $235,062,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CARR. Norges Bank acquired a new position in shares of Carrier Global in the 4th quarter valued at $588,029,000. Brown Advisory Inc. increased its position in shares of Carrier Global by 82.6% in the 1st 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 during the period. Artisan Partners Limited Partnership acquired a new position in shares of Carrier Global in the 4th quarter valued at $166,061,000. Invesco Ltd. increased its position in shares of Carrier Global by 40.3% in the 4th quarter. Invesco Ltd. now owns 5,057,148 shares of the company's stock valued at $345,201,000 after acquiring an additional 1,453,247 shares during the period. Finally, Northern Trust Corp increased its position in shares of Carrier Global by 16.7% in the 4th quarter. Northern Trust Corp now owns 8,847,377 shares of the company's stock valued at $603,922,000 after acquiring an additional 1,266,137 shares during the period. Hedge funds and other institutional investors own 91.00% of the company's stock.

Wall Street Analyst Weigh In

CARR has been the topic of several analyst reports. Robert W. Baird cut their price target on Carrier Global from $88.00 to $85.00 and set an "outperform" rating on the stock in a research report on Thursday. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $79.00 price target on shares of Carrier Global in a research report on Tuesday. Mizuho set a $72.00 price target on Carrier Global in a research report on Tuesday, April 22nd. Northcoast Research raised Carrier Global from a "neutral" rating to a "buy" rating and set a $85.00 price target on the stock in a research report on Friday, May 9th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating on shares of Carrier Global in a research report on Wednesday, May 21st. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $84.65.

Carrier Global Price Performance

Carrier Global stock traded down $0.12 during midday trading on Friday, reaching $76.81. The company had a trading volume of 389,747 shares, compared to its average volume of 4,661,656. The company has a market capitalization of $65.85 billion, a P/E ratio of 11.89, a P/E/G ratio of 2.06 and a beta of 1.31. Carrier Global Corporation has a 12-month low of $54.22 and a 12-month high of $83.32. The firm's fifty day simple moving average is $73.00 and its 200-day simple moving average is $67.81. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.20 and a quick ratio of 0.83.

Carrier Global (NYSE:CARR - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.65 earnings per share 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 business had revenue of $5.22 billion for the quarter, compared to analyst estimates of $5.17 billion. During the same period last year, the company posted $0.51 EPS. The business's revenue was down 3.7% on a year-over-year basis. As a group, equities analysts anticipate that Carrier Global Corporation will post 2.99 EPS for the current year.

Carrier Global Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date is Monday, July 21st. Carrier Global's dividend payout ratio (DPR) is 13.93%.

Insiders Place Their Bets

In other news, Director Maximilian Viessmann sold 4,267,425 shares of Carrier Global stock in a transaction that occurred on 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 sale, the director owned 54,341,534 shares of the company's stock, valued at approximately $3,820,209,840.20. The trade was a 7.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 7.20% of the stock is owned by company insiders.

Carrier Global Company 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.

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