Choreo LLC Sells 3,541 Shares of Carrier Global Corporation (NYSE:CARR)

Choreo LLC decreased its holdings in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 5.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,482 shares of the company's stock after selling 3,541 shares during the quarter. Choreo LLC's holdings in Carrier Global were worth $3,708,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC grew its position 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 worth $1,181,300,000 after purchasing an additional 420,081 shares during the last quarter. Brown Advisory Inc. lifted its position in shares of 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 acquiring an additional 4,377,402 shares in the last quarter. Northern Trust Corp lifted its position in Carrier Global by 16.7% in the 4th quarter. Northern Trust Corp now owns 8,847,377 shares of the company's stock worth $603,922,000 after buying an additional 1,266,137 shares in the last quarter. Norges Bank purchased a new stake in Carrier Global in the 4th quarter worth approximately $588,029,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Carrier Global by 15.6% during 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 worth $473,046,000 after purchasing an additional 936,892 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CARR shares. The Goldman Sachs Group reiterated a "buy" rating on shares of Carrier Global in a research note on Wednesday, May 21st. Mizuho set a $72.00 price objective on shares of Carrier Global in a report on Tuesday, April 22nd. Citigroup reissued a "buy" rating and set a $89.00 price target (up from $82.00) on shares of Carrier Global in a report on Monday, July 14th. Melius Research upgraded shares of Carrier Global to a "hold" rating and set a $90.00 price objective for the company in a report on Tuesday, July 1st. Finally, Melius began coverage on shares of Carrier Global in a research report on Tuesday, July 1st. They issued a "hold" rating and a $90.00 price objective on the stock. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $84.65.

Insider Activity at Carrier Global

In other news, Director Maximilian Viessmann sold 4,267,425 shares of Carrier Global stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $70.30, for a total transaction of $299,999,977.50. Following the sale, the director directly owned 54,341,534 shares in the company, valued at $3,820,209,840.20. The trade was a 7.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 7.20% of the stock is owned by insiders.

Carrier Global Stock Up 1.6%

CARR traded up $1.28 during mid-day trading on Friday, reaching $80.72. 3,401,234 shares of the stock were exchanged, compared to its average volume of 5,255,698. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.83 and a current ratio of 1.20. The stock has a market capitalization of $69.21 billion, a PE ratio of 12.50, a price-to-earnings-growth ratio of 2.17 and a beta of 1.31. The company has a 50 day moving average price of $73.44 and a two-hundred day moving average price of $68.13. Carrier Global Corporation has a 1 year low of $54.22 and a 1 year high of $83.32.

Carrier Global (NYSE:CARR - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.65 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.07. The company had revenue of $5.22 billion for the quarter, compared to analysts' expectations of $5.17 billion. Carrier Global had a return on equity of 18.10% and a net margin of 25.45%. The business's revenue for the quarter was down 3.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.51 EPS. As a group, research analysts anticipate that Carrier Global Corporation will post 2.99 EPS for the current year.

Carrier Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Monday, July 21st will be paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date is Monday, July 21st. Carrier Global's payout ratio is 13.93%.

Carrier Global Company 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.