Carrier Global Co. (NYSE:CARR) Shares Sold by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. lessened its holdings in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 6.4% 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 297,400 shares of the company's stock after selling 20,300 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Carrier Global were worth $18,855,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the stock. Brighton Jones LLC boosted its holdings in Carrier Global by 16.9% during the first quarter. Brighton Jones LLC now owns 9,303 shares of the company's stock worth $590,000 after buying an additional 1,345 shares in the last quarter. Exchange Traded Concepts LLC raised its position in shares of Carrier Global by 31.4% in the first quarter. Exchange Traded Concepts LLC now owns 1,654 shares of the company's stock worth $105,000 after acquiring an additional 395 shares during the period. Foster Victor Wealth Advisors LLC raised its position in shares of Carrier Global by 14.3% in the first quarter. Foster Victor Wealth Advisors LLC now owns 169,263 shares of the company's stock worth $10,031,000 after acquiring an additional 21,146 shares during the period. Ritholtz Wealth Management boosted its stake in shares of Carrier Global by 34.0% during the 1st quarter. Ritholtz Wealth Management now owns 3,968 shares of the company's stock worth $252,000 after acquiring an additional 1,007 shares in the last quarter. Finally, Massachusetts Wealth Management grew its position in shares of Carrier Global by 9.4% during the 1st quarter. Massachusetts Wealth Management now owns 20,600 shares of the company's stock valued at $1,306,000 after acquiring an additional 1,775 shares during the period. Institutional investors and hedge funds own 91.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Barclays upped their price target on Carrier Global from $83.00 to $84.00 and gave the stock an "overweight" rating in a report on Wednesday, May 7th. Wolfe Research upgraded Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 target price on the stock in a research report on Monday, February 24th. Wells Fargo & Company lifted their price target on shares of Carrier Global from $65.00 to $75.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. Citigroup reduced their price objective on shares of Carrier Global from $89.00 to $72.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Royal Bank of Canada lifted their target price on shares of Carrier Global from $86.00 to $87.00 and gave the company an "outperform" rating in a research report on Tuesday, May 20th. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $83.00.

Carrier Global Price Performance

NYSE CARR traded down $1.14 during trading hours on Tuesday, hitting $69.90. 643,236 shares of the company's stock traded hands, compared to its average volume of 4,672,969. The company has a market capitalization of $59.93 billion, a PE ratio of 11.12, a PEG ratio of 2.01 and a beta of 1.33. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96. Carrier Global Co. has a 52-week low of $54.22 and a 52-week high of $83.32. The firm's 50-day moving average is $67.88 and its 200-day moving average is $67.36.

Carrier Global (NYSE:CARR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.58 by $0.07. Carrier Global had a return on equity of 18.82% and a net margin of 23.83%. The business had revenue of $5.22 billion during the quarter, compared to analyst estimates of $5.17 billion. During the same period in the prior year, the business earned $0.51 earnings per share. The business's revenue was down 3.7% compared to the same quarter last year. Equities analysts forecast that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The business 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. This represents a $0.90 annualized dividend and a yield of 1.29%. The ex-dividend date is Monday, July 21st. Carrier Global's payout ratio is currently 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 now directly owns 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. Corporate insiders own 7.20% of the company's stock.

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.