Carrier Global Corporation (NYSE:CARR) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC lowered its position in Carrier Global Corporation (NYSE:CARR - Free Report) by 3.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 427,026 shares of the company's stock after selling 14,930 shares during the period. Chevy Chase Trust Holdings LLC's holdings in Carrier Global were worth $27,073,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of CARR. Spirepoint Private Client LLC increased its position in Carrier Global by 13.9% during the 1st quarter. Spirepoint Private Client LLC now owns 9,398 shares of the company's stock valued at $596,000 after buying an additional 1,146 shares in the last quarter. Asset Management One Co. Ltd. grew its stake in shares of Carrier Global by 6.0% during the first quarter. Asset Management One Co. Ltd. now owns 504,362 shares of the company's stock worth $31,977,000 after acquiring an additional 28,512 shares during the last quarter. 1858 Wealth Management LLC increased its holdings in shares of Carrier Global by 2.1% during the first quarter. 1858 Wealth Management LLC now owns 15,242 shares of the company's stock valued at $966,000 after acquiring an additional 311 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Carrier Global during the first quarter valued at about $1,547,000. Finally, Evanson Asset Management LLC purchased a new position in shares of Carrier Global in the 1st quarter valued at approximately $234,000. Institutional investors own 91.00% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on CARR shares. Mizuho set a $72.00 target price on shares of Carrier Global in a research report on Tuesday, April 22nd. Robert W. Baird boosted their price objective on shares of Carrier Global from $80.00 to $88.00 and gave the company an "outperform" rating in a report on Tuesday, May 20th. Wells Fargo & Company raised their target price on Carrier Global from $65.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Monday, May 5th. Northcoast Research raised Carrier Global from a "neutral" rating to a "buy" rating and set a $85.00 price target for the company in a research report on Friday, May 9th. Finally, JPMorgan Chase & Co. increased their price objective on Carrier Global from $66.00 to $79.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $83.00.

Carrier Global Stock Performance

Shares of NYSE:CARR traded up $0.17 during trading on Thursday, hitting $72.60. 3,939,906 shares of the stock traded hands, compared to its average volume of 4,700,693. The company has a fifty day moving average price of $69.41 and a two-hundred day moving average price of $67.27. Carrier Global Corporation has a 52-week low of $54.22 and a 52-week high of $83.32. The company has a market cap of $62.24 billion, a price-to-earnings ratio of 11.24, a P/E/G ratio of 2.03 and a beta of 1.33. The company has a quick ratio of 0.83, a current ratio of 1.20 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 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 company had revenue of $5.22 billion during 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 firm's revenue for the quarter was down 3.7% on a year-over-year basis. As a group, equities analysts predict that Carrier Global Corporation will post 2.99 EPS for the current 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 issued a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 1.24%. The ex-dividend date is Monday, July 21st. Carrier Global's payout ratio is currently 13.93%.

Insider Buying and Selling at Carrier Global

In related news, Director Maximilian Viessmann sold 4,267,425 shares of Carrier Global stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $70.30, for a total value of $299,999,977.50. Following the sale, the director now owns 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.20% of the stock is owned by corporate insiders.

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.