Kintegral Advisory LLC Cuts Holdings in Carrier Global Corporation (NYSE:CARR)

Kintegral Advisory LLC trimmed its stake in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 32.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,968 shares of the company's stock after selling 8,813 shares during the quarter. Kintegral Advisory LLC's holdings in Carrier Global were worth $1,139,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CARR. BOK Financial Private Wealth Inc. boosted its position in shares of Carrier Global by 80.0% during the 4th quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company's stock worth $25,000 after acquiring an additional 160 shares in the last quarter. Ritter Daniher Financial Advisory LLC DE boosted its position in shares of Carrier Global by 90.0% during the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 380 shares of the company's stock worth $26,000 after acquiring an additional 180 shares in the last quarter. Park Square Financial Group LLC acquired a new position in shares of Carrier Global during the 4th quarter worth about $28,000. Investment Research & Advisory Group Inc. acquired a new position in shares of Carrier Global during the 1st quarter worth about $29,000. Finally, Mattson Financial Services LLC acquired a new position in shares of Carrier Global during the 4th quarter worth about $31,000. 91.00% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CARR shares. 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 for the company. Barclays upped their price objective on Carrier Global from $83.00 to $84.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 7th. The Goldman Sachs Group reissued a "buy" rating on shares of Carrier Global in a report on Wednesday, May 21st. Mizuho set a $72.00 target price on Carrier Global in a report on Tuesday, April 22nd. Finally, Melius Research raised Carrier Global to a "hold" rating and set a $90.00 target price for the company in a report on Tuesday, July 1st. Six research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Carrier Global presently has an average rating of "Moderate Buy" and an average price target of $83.82.

Insider Buying and Selling

In other Carrier Global news, Director Maximilian Viessmann sold 4,267,425 shares of the company's stock in a transaction that occurred 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 completion of the sale, the director directly owned 54,341,534 shares of the company's stock, valued at $3,820,209,840.20. This represents a 7.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 7.20% of the stock is currently owned by corporate insiders.

Carrier Global Stock Performance

CARR traded up $0.30 on Tuesday, hitting $74.94. 4,506,598 shares of the company traded hands, compared to its average volume of 4,689,285. The company has a 50 day moving average of $72.03 and a 200-day moving average of $67.46. The company has a quick ratio of 0.83, a current ratio of 1.20 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $64.25 billion, a PE ratio of 11.60, a PEG ratio of 2.06 and a beta of 1.31. Carrier Global Corporation has a 12-month low of $54.22 and a 12-month high of $83.32.

Carrier Global (NYSE:CARR - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.58 by $0.07. The firm had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $5.17 billion. Carrier Global had a return on equity of 18.10% and a net margin of 25.45%. The firm's revenue was down 3.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.51 EPS. Sell-side analysts anticipate that Carrier Global Corporation will post 2.99 earnings per share for the current year.

Carrier Global Dividend Announcement

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 paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 1.20%. The ex-dividend date is Monday, July 21st. Carrier Global's dividend payout ratio is presently 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.