Fractal Investments LLC Sells 4,286 Shares of Carrier Global Corporation (NYSE:CARR)

Fractal Investments LLC cut its holdings in Carrier Global Corporation (NYSE:CARR - Free Report) by 41.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,030 shares of the company's stock after selling 4,286 shares during the period. Fractal Investments LLC's holdings in Carrier Global were worth $382,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in Carrier Global by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 17,357,770 shares of the company's stock valued at $1,181,300,000 after purchasing an additional 420,081 shares during the period. Brown Advisory Inc. boosted its holdings in 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 purchasing an additional 4,377,402 shares during the period. Northern Trust Corp boosted its holdings in 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 purchasing an additional 1,266,137 shares during the period. Norges Bank bought a new position in Carrier Global in the 4th quarter valued at $588,029,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Carrier Global by 15.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,930,061 shares of the company's stock valued at $473,046,000 after purchasing an additional 936,892 shares during the period. 91.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Mizuho set a $72.00 price target on shares of Carrier Global in a report on Tuesday, April 22nd. Northcoast Research upgraded shares of Carrier Global from a "neutral" rating to a "buy" rating and set a $85.00 price objective on the stock in a research report on Friday, May 9th. Barclays raised their price objective 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. Wells Fargo & Company raised their price objective on shares of Carrier Global from $65.00 to $75.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. Finally, Robert W. Baird lowered their price objective on shares of Carrier Global from $88.00 to $85.00 and set an "outperform" rating on the stock in a research report on Thursday, July 17th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $84.65.

Carrier Global Trading Down 0.2%

Shares of CARR stock traded down $0.14 during mid-day trading on Thursday, reaching $79.47. The stock had a trading volume of 3,571,310 shares, compared to its average volume of 5,269,017. The stock's 50-day moving average price is $73.32 and its two-hundred day moving average price is $68.05. Carrier Global Corporation has a 52-week low of $54.22 and a 52-week high of $83.32. The firm has a market capitalization of $68.13 billion, a PE ratio of 12.30, a price-to-earnings-growth ratio of 2.08 and a beta of 1.31. The company has a current ratio of 1.20, a quick ratio of 0.83 and a debt-to-equity ratio of 0.78.

Carrier Global (NYSE:CARR - Get Free Report) last released its quarterly earnings data 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 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 analysts' expectations of $5.17 billion. During the same quarter in the previous year, the company earned $0.51 earnings per share. The company's revenue for the quarter was down 3.7% compared to the same quarter last year. Equities analysts expect that Carrier Global Corporation will post 2.99 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Monday, July 21st will be given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend is Monday, July 21st. Carrier Global's payout ratio is 13.93%.

Insider Activity

In other news, Director Maximilian Viessmann sold 4,267,425 shares of Carrier Global 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 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 sale was disclosed in a document filed with the SEC, which is accessible 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.