Carrier Global Co. (NYSE:CARR) Shares Sold by Raub Brock Capital Management LP

Raub Brock Capital Management LP trimmed its position in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 3.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 252,356 shares of the company's stock after selling 9,768 shares during the period. Carrier Global comprises 3.6% of Raub Brock Capital Management LP's portfolio, making the stock its 16th largest position. Raub Brock Capital Management LP's holdings in Carrier Global were worth $15,999,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. BOK Financial Private Wealth Inc. boosted its holdings in Carrier Global by 80.0% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company's stock worth $25,000 after purchasing an additional 160 shares during the last quarter. Ritter Daniher Financial Advisory LLC DE raised its position 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 worth $26,000 after acquiring an additional 180 shares during the period. Park Square Financial Group LLC bought a new position in Carrier Global in the fourth quarter worth approximately $28,000. Bradley & Co. Private Wealth Management LLC bought a new position in Carrier Global in the fourth quarter worth approximately $31,000. Finally, Mattson Financial Services LLC bought a new position in Carrier Global in the fourth quarter worth approximately $31,000. 91.00% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CARR has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Carrier Global from $66.00 to $79.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. Robert W. Baird raised their price objective 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. Northcoast Research upgraded shares of Carrier Global from a "neutral" rating to a "buy" rating and set a $85.00 price objective on the stock in a research report on Friday, May 9th. Barclays raised their price objective on shares of Carrier Global from $83.00 to $84.00 and gave the company an "overweight" rating in a research report on Wednesday, May 7th. Finally, Citigroup decreased their price objective on shares of Carrier Global from $89.00 to $72.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $83.00.

Insider Buying and Selling

In related news, Director Maximilian Viessmann sold 4,267,425 shares of the stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $70.30, for a total transaction of $299,999,977.50. Following the sale, the director now directly owns 54,341,534 shares of the company's stock, valued at approximately $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 hyperlink. 7.20% of the stock is currently owned by corporate insiders.

Carrier Global Stock Down 1.8%

Shares of NYSE:CARR traded down $1.31 during trading hours on Friday, hitting $71.17. The company's stock had a trading volume of 3,559,102 shares, compared to its average volume of 4,687,528. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96. The company has a market capitalization of $61.01 billion, a price-to-earnings ratio of 11.33, a P/E/G ratio of 2.01 and a beta of 1.33. The firm's fifty day moving average price is $67.57 and its 200 day moving average price is $67.47. Carrier Global Co. has a 52 week low of $54.22 and a 52 week 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, topping the consensus estimate of $0.58 by $0.07. Carrier Global had a net margin of 23.83% and a return on equity of 18.82%. The firm had revenue of $5.22 billion during the quarter, compared to analyst estimates of $5.17 billion. During the same quarter in the previous year, the business posted $0.51 EPS. Carrier Global's revenue was down 3.7% on a year-over-year basis. As a group, research analysts expect that Carrier Global Co. 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. Investors of record on Monday, July 21st will be issued a dividend of $0.225 per share. The ex-dividend date is Monday, July 21st. This represents a $0.90 annualized dividend and a dividend yield of 1.26%. Carrier Global's dividend payout ratio (DPR) 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.