Carrier Global Corporation (NYSE:CARR) Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. lessened its holdings in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 76.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,783 shares of the company's stock after selling 21,883 shares during the period. Edgestream Partners L.P.'s holdings in Carrier Global were worth $430,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Ritter Daniher Financial Advisory LLC DE increased its holdings in Carrier Global by 90.0% in the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 380 shares of the company's stock valued at $26,000 after buying an additional 180 shares in the last quarter. Park Square Financial Group LLC purchased a new position in Carrier Global in the fourth quarter valued at $28,000. Mattson Financial Services LLC purchased a new position in Carrier Global in the fourth quarter valued at $31,000. Investment Research & Advisory Group Inc. purchased a new position in Carrier Global in the first quarter valued at $29,000. Finally, Meeder Asset Management Inc. increased its holdings in Carrier Global by 236.1% in the fourth quarter. Meeder Asset Management Inc. now owns 484 shares of the company's stock valued at $33,000 after buying an additional 340 shares in the last quarter. Hedge funds and other institutional investors own 91.00% of the company's stock.

Carrier Global Price Performance

NYSE CARR traded down $0.25 during trading hours on Friday, hitting $76.68. 5,031,716 shares of the company's stock traded hands, compared to its average volume of 4,690,216. Carrier Global Corporation has a 52-week low of $54.22 and a 52-week high of $83.32. The company has a market capitalization of $65.74 billion, a PE ratio of 11.87, a PEG ratio of 2.09 and a beta of 1.31. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.20 and a quick ratio of 0.83. The firm's 50-day moving average is $73.11 and its 200-day moving average is $67.87.

Carrier Global (NYSE:CARR - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.07. The company 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%. Carrier Global's revenue was down 3.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.51 EPS. Equities analysts forecast that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

Carrier Global Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Monday, July 21st. This represents a $0.90 annualized dividend and a yield of 1.17%. Carrier Global's payout ratio is 13.93%.

Insiders Place Their Bets

In other Carrier Global news, Director Maximilian Viessmann sold 4,267,425 shares of the business's stock in a transaction dated 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 transaction, 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 through the SEC website. 7.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on CARR shares. JPMorgan Chase & Co. reissued a "neutral" rating and set a $79.00 target price on shares of Carrier Global in a research note on Tuesday, July 15th. Robert W. Baird cut their target price on shares of Carrier Global from $88.00 to $85.00 and set an "outperform" rating for the company in a research note on Thursday. Citigroup reissued a "buy" rating and set a $89.00 target price (up previously from $82.00) on shares of Carrier Global in a research note on Monday, July 14th. Northcoast Research raised shares of Carrier Global from a "neutral" rating to a "buy" rating and set a $85.00 target price for the company in a research note on Friday, May 9th. Finally, Melius started coverage on shares of Carrier Global in a research note on Tuesday, July 1st. They set a "hold" rating and a $90.00 target price for the company. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $84.65.

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.