ING Groep NV Has $3.01 Million Position in Carrier Global Corporation (NYSE:CARR)

Key Points

• ING Groep NV reduced its stake in Carrier Global Corporation by 55.4%, now holding 47,480 shares valued at approximately $3 million.
• Several institutional investors, including Syon Capital and Lindbrook Capital, have increased their holdings in Carrier Global, reflecting a broader trend as 91% of the shares are owned by institutional investors.
• Carrier Global reported an EPS of $0.92 for the last quarter, surpassing estimates and also announced a quarterly dividend of $0.225, indicating strong financial health and commitment to shareholders.

ING Groep NV lowered its position in Carrier Global Corporation (NYSE:CARR - Free Report) by 55.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 47,480 shares of the company's stock after selling 59,093 shares during the quarter. ING Groep NV's holdings in Carrier Global were worth $3,010,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Commonwealth Equity Services LLC lifted its stake in Carrier Global by 0.3% during the first quarter. Commonwealth Equity Services LLC now owns 332,956 shares of the company's stock worth $21,109,000 after purchasing an additional 913 shares during the period. Raiffeisen Bank International AG raised its holdings in shares of Carrier Global by 88.8% in the 1st quarter. Raiffeisen Bank International AG now owns 9,561 shares of the company's stock worth $605,000 after buying an additional 4,497 shares in the last quarter. Blair William & Co. IL lifted its position in shares of Carrier Global by 2.6% during the 1st quarter. Blair William & Co. IL now owns 155,521 shares of the company's stock worth $9,860,000 after buying an additional 4,005 shares during the period. Cheviot Value Management LLC bought a new position in shares of Carrier Global during the 1st quarter worth approximately $38,000. Finally, Liberty Wealth Management LLC boosted its stake in Carrier Global by 844.3% in the 1st quarter. Liberty Wealth Management LLC now owns 30,113 shares of the company's stock valued at $1,909,000 after buying an additional 26,924 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company's stock.

Carrier Global Trading Up 0.4%

Shares of CARR stock traded up $0.29 on Thursday, reaching $66.40. 4,024,733 shares of the stock were exchanged, compared to its average volume of 5,120,716. The stock has a 50 day moving average price of $72.94 and a 200 day moving average price of $68.24. The stock has a market cap of $56.51 billion, a PE ratio of 14.47, a P/E/G ratio of 1.81 and a beta of 1.25. Carrier Global Corporation has a one year low of $54.22 and a one year high of $83.32. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.17 and a quick ratio of 0.80.

Carrier Global (NYSE:CARR - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.02. The firm had revenue of $6.11 billion during the quarter, compared to analysts' expectations of $6.08 billion. Carrier Global had a return on equity of 17.83% and a net margin of 18.33%. Equities research analysts forecast that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

Carrier Global Announces Dividend

The firm also recently disclosed 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 of this dividend is Monday, July 21st. This represents a $0.90 dividend on an annualized basis and a yield of 1.4%. Carrier Global's dividend payout ratio (DPR) is presently 19.61%.

Insider Transactions 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 shares were sold at an average price of $70.30, for a total transaction of $299,999,977.50. Following the completion of the sale, the director owned 54,341,534 shares in the company, valued at approximately $3,820,209,840.20. The trade was a 7.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 7.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on CARR shares. Robert W. Baird dropped their price objective on Carrier Global from $85.00 to $84.00 and set an "outperform" rating for the company in a research note on Wednesday, July 30th. Royal Bank Of Canada reduced their price target on shares of Carrier Global from $89.00 to $87.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 30th. Barclays dropped their price objective on shares of Carrier Global from $84.00 to $82.00 and set an "overweight" rating for the company in a report on Wednesday, July 30th. The Goldman Sachs Group reiterated a "buy" rating on shares of Carrier Global in a research note on Wednesday, May 21st. Finally, Wells Fargo & Company increased their price target on Carrier Global from $65.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $84.47.

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.