Impax Asset Management Group plc Has $207 Million Holdings in Carrier Global Corporation (NYSE:CARR)

Impax Asset Management Group plc trimmed its holdings in Carrier Global Corporation (NYSE:CARR - Free Report) by 6.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,265,007 shares of the company's stock after selling 236,369 shares during the quarter. Carrier Global accounts for about 1.2% of Impax Asset Management Group plc's portfolio, making the stock its 23rd biggest holding. Impax Asset Management Group plc owned 0.38% of Carrier Global worth $207,001,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CARR. IFM Investors Pty Ltd grew its holdings in shares of Carrier Global by 8.1% in the 1st quarter. IFM Investors Pty Ltd now owns 189,986 shares of the company's stock worth $12,045,000 after acquiring an additional 14,214 shares during the last quarter. OneDigital Investment Advisors LLC increased its position in shares of Carrier Global by 4.3% in the first quarter. OneDigital Investment Advisors LLC now owns 20,893 shares of the company's stock worth $1,325,000 after acquiring an additional 867 shares in the last quarter. Calamos Advisors LLC raised its holdings in shares of Carrier Global by 1.1% during the first quarter. Calamos Advisors LLC now owns 286,902 shares of the company's stock valued at $18,190,000 after acquiring an additional 3,195 shares during the period. Checchi Capital Advisers LLC grew its position in Carrier Global by 5.2% during the 1st quarter. Checchi Capital Advisers LLC now owns 9,150 shares of the company's stock worth $580,000 after purchasing an additional 452 shares in the last quarter. Finally, North Capital Inc. purchased a new stake in shares of Carrier Global in the first quarter valued at $56,000. Institutional investors own 91.00% of the company's stock.

Insider Buying and Selling

In other news, Director Maximilian Viessmann sold 4,267,425 shares of the firm's 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 completion of the sale, the director owned 54,341,534 shares of the company's stock, valued at approximately $3,820,209,840.20. This trade represents a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 7.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have weighed in on CARR. JPMorgan Chase & Co. upped their price objective on shares of Carrier Global from $66.00 to $79.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Melius Research raised Carrier Global to a "hold" rating and set a $90.00 target price on the stock in a research report on Tuesday. Barclays lifted their price target on Carrier Global from $83.00 to $84.00 and gave the company an "overweight" rating in a report on Wednesday, May 7th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Carrier Global in a research report on Wednesday, May 21st. Finally, Wells Fargo & Company boosted their target price on shares of Carrier Global from $65.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. Six analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Carrier Global presently has an average rating of "Moderate Buy" and a consensus price target of $83.82.

Carrier Global Stock Performance

CARR stock traded up $0.03 during trading on Friday, reaching $75.29. 1,423,418 shares of the stock were exchanged, compared to its average volume of 4,676,303. Carrier Global Corporation has a twelve month low of $54.22 and a twelve month high of $83.32. The company has a market capitalization of $64.55 billion, a P/E ratio of 11.65, a price-to-earnings-growth ratio of 2.09 and a beta of 1.31. The stock has a 50 day simple moving average of $71.47 and a 200-day simple moving average of $67.35. 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 announced its quarterly earnings results on Thursday, May 1st. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate 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 25.45% and a return on equity of 18.10%. The business's revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.51 EPS. As a group, sell-side analysts anticipate that Carrier Global Corporation will post 2.99 earnings per share for the current year.

Carrier Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Monday, July 21st will be issued a dividend of $0.225 per share. The ex-dividend date is Monday, July 21st. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.20%. Carrier Global's payout ratio is presently 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.