Tredje AP fonden Sells 243,700 Shares of Carrier Global Corporation (NYSE:CARR)

Tredje AP fonden reduced its stake in Carrier Global Corporation (NYSE:CARR - Free Report) by 35.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 450,000 shares of the company's stock after selling 243,700 shares during the quarter. Tredje AP fonden owned about 0.05% of Carrier Global worth $28,530,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. XTX Topco Ltd bought a new position in Carrier Global during the first quarter valued at approximately $2,899,000. Banque Cantonale Vaudoise bought a new position in Carrier Global during the first quarter valued at approximately $2,247,000. N.E.W. Advisory Services LLC lifted its position in Carrier Global by 2.1% during the first quarter. N.E.W. Advisory Services LLC now owns 13,419 shares of the company's stock valued at $851,000 after purchasing an additional 282 shares during the period. Meeder Advisory Services Inc. lifted its position in Carrier Global by 5.3% during the first quarter. Meeder Advisory Services Inc. now owns 22,891 shares of the company's stock valued at $1,451,000 after purchasing an additional 1,147 shares during the period. Finally, Ramirez Asset Management Inc. lifted its position in Carrier Global by 78.1% during the first quarter. Ramirez Asset Management Inc. now owns 1,300 shares of the company's stock valued at $82,000 after purchasing an additional 570 shares during the period. 91.00% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Maximilian Viessmann sold 4,267,425 shares of the firm'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 approximately $3,820,209,840.20. This trade represents a 7.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 7.20% of the company's stock.

Carrier Global Trading Down 2.5%

Shares of NYSE:CARR traded down $1.72 during trading on Friday, hitting $66.90. The company had a trading volume of 5,450,797 shares, compared to its average volume of 4,818,715. The stock has a market cap of $56.93 billion, a price-to-earnings ratio of 14.58, a price-to-earnings-growth ratio of 1.88 and a beta of 1.26. Carrier Global Corporation has a one year low of $54.22 and a one year high of $83.32. The company has a fifty day simple moving average of $73.35 and a two-hundred day simple moving average of $68.33. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.17 and a quick ratio of 0.83.

Carrier Global (NYSE:CARR - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.02. The business had revenue of $6.11 billion during the quarter, compared to analyst estimates of $6.08 billion. Carrier Global had a return on equity of 17.83% and a net margin of 18.33%. As a group, equities analysts forecast that Carrier Global Corporation will post 2.99 earnings per share for the current year.

Carrier Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Monday, July 21st will be paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, July 21st. Carrier Global's dividend payout ratio (DPR) is currently 19.61%.

Analyst Ratings Changes

Several analysts recently issued reports on CARR shares. Citigroup restated a "buy" rating and set a $89.00 target price (up from $82.00) on shares of Carrier Global in a research report on Monday, July 14th. Melius began coverage on shares of Carrier Global in a research report on Tuesday, July 1st. They set a "hold" rating and a $90.00 target price for the company. The Goldman Sachs Group restated a "buy" rating on shares of Carrier Global in a research note on Wednesday, May 21st. Mizuho set a $72.00 target price on shares of Carrier Global in a research note on Tuesday, April 22nd. Finally, Wells Fargo & Company raised their target price on shares of Carrier Global from $65.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Monday, May 5th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $84.47.

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.