D.A. Davidson & CO. Lowers Stock Position in Carrier Global Corporation (NYSE:CARR)

D.A. Davidson & CO. decreased its position in Carrier Global Corporation (NYSE:CARR - Free Report) by 3.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 106,559 shares of the company's stock after selling 3,613 shares during the quarter. D.A. Davidson & CO.'s holdings in Carrier Global were worth $6,756,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC increased its holdings in Carrier Global by 2.5% during 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 period. Northern Trust Corp lifted its holdings in shares of Carrier Global by 16.7% in the 4th quarter. Northern Trust Corp now owns 8,847,377 shares of the company's stock valued at $603,922,000 after buying an additional 1,266,137 shares during the period. Norges Bank acquired a new position in shares of Carrier Global in the 4th quarter valued at about $588,029,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Carrier Global by 15.6% in 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 valued at $473,046,000 after purchasing an additional 936,892 shares in the last quarter. Finally, Pictet Asset Management Holding SA increased its stake in Carrier Global by 2.1% during the 4th quarter. Pictet Asset Management Holding SA now owns 6,080,842 shares of the company's stock worth $415,078,000 after buying an additional 126,174 shares in the last quarter. Hedge funds and other institutional investors own 91.00% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on CARR shares. JPMorgan Chase & Co. upped 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. Melius started coverage on Carrier Global in a research report on Tuesday, July 1st. They set a "hold" rating and a $90.00 price objective on the stock. Mizuho set a $72.00 price objective on Carrier Global in a report on Tuesday, April 22nd. Melius Research raised Carrier Global to a "hold" rating and set a $90.00 price target on the stock in a report on Tuesday, July 1st. Finally, Robert W. Baird lifted their price target on shares of Carrier Global from $80.00 to $88.00 and gave the company an "outperform" rating in a research report on Tuesday, May 20th. Six investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $83.82.

Insider Buying and Selling at Carrier Global

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 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. This represents a 7.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 7.20% of the company's stock.

Carrier Global Stock Down 1.3%

CARR traded down $1.02 during trading hours on Monday, hitting $74.63. 1,399,628 shares of the company's stock were exchanged, compared to its average volume of 5,385,810. Carrier Global Corporation has a 1-year low of $54.22 and a 1-year high of $83.32. The stock's 50-day moving average is $71.47 and its two-hundred day moving average is $67.36. The stock has a market cap of $63.98 billion, a price-to-earnings ratio of 11.55, a PEG ratio of 2.09 and a beta of 1.31. 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 results on Thursday, May 1st. The company reported $0.65 EPS for the quarter, topping 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 business had revenue of $5.22 billion for the quarter, compared to analyst estimates of $5.17 billion. During the same period last year, the firm earned $0.51 earnings per share. Carrier Global's revenue for the quarter was down 3.7% compared to the same quarter last year. Sell-side analysts predict that Carrier Global Corporation will post 2.99 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The company 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 $0.225 dividend. The ex-dividend date is Monday, July 21st. This represents a $0.90 annualized dividend and a dividend yield of 1.21%. Carrier Global's payout ratio is 13.93%.

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.