Carrier Global Corporation (NYSE:CARR) Shares Sold by TD Asset Management Inc

TD Asset Management Inc cut its stake in Carrier Global Corporation (NYSE:CARR - Free Report) by 2.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 341,951 shares of the company's stock after selling 7,042 shares during the period. TD Asset Management Inc's holdings in Carrier Global were worth $21,680,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC boosted its stake in Carrier Global by 51.8% in the first quarter. Golden State Wealth Management LLC now owns 1,389 shares of the company's stock valued at $88,000 after buying an additional 474 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of Carrier Global by 15.7% in the 1st quarter. Bessemer Group Inc. now owns 28,768 shares of the company's stock valued at $1,823,000 after buying an additional 3,900 shares during the period. Ensign Peak Advisors Inc raised its holdings in shares of Carrier Global by 27.8% in the 4th quarter. Ensign Peak Advisors Inc now owns 1,314,180 shares of the company's stock worth $89,706,000 after acquiring an additional 285,803 shares during the last quarter. Sowell Financial Services LLC acquired a new stake in shares of Carrier Global in the 1st quarter worth about $234,000. Finally, Ritholtz Wealth Management boosted its holdings in Carrier Global by 34.0% during the first quarter. Ritholtz Wealth Management now owns 3,968 shares of the company's stock worth $252,000 after purchasing an additional 1,007 shares during the last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Maximilian Viessmann sold 4,267,425 shares of the company's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $70.30, for a total value of $299,999,977.50. Following the sale, the director owned 54,341,534 shares in the company, valued at $3,820,209,840.20. This represents a 7.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 7.20% of the stock is currently owned by insiders.

Carrier Global Trading Down 2.5%

CARR traded down $1.72 on Friday, hitting $66.90. The company had a trading volume of 5,450,797 shares, compared to its average volume of 4,818,715. The company has a market cap of $56.93 billion, a PE ratio of 14.58, a PEG ratio of 1.88 and a beta of 1.26. Carrier Global Corporation has a 12-month low of $54.22 and a 12-month high of $83.32. The company has a quick ratio of 0.83, a current ratio of 1.17 and a debt-to-equity ratio of 0.76. The business's fifty day simple moving average is $73.35 and its 200 day simple moving average is $68.33.

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

Carrier Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Monday, July 21st will be paid a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Monday, July 21st. Carrier Global's dividend payout ratio (DPR) is presently 19.61%.

Analyst Upgrades and Downgrades

Several research firms have commented on CARR. Melius Research raised shares of Carrier Global to a "hold" rating and set a $90.00 price objective on the stock in a report on Tuesday, July 1st. Melius started coverage on Carrier Global in a report on Tuesday, July 1st. They set a "hold" rating and a $90.00 price objective for the company. The Goldman Sachs Group reissued a "buy" rating on shares of Carrier Global in a report on Wednesday, May 21st. Wells Fargo & Company boosted their price objective on Carrier Global from $65.00 to $75.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. Finally, Robert W. Baird dropped their target price on Carrier Global from $85.00 to $84.00 and set an "outperform" rating for the company in a research report on Wednesday. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $84.47.

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.