Carrier Global Co. (NYSE:CARR) Insider Sells $9,906,734.25 in Stock

Carrier Global Co. (NYSE:CARR - Get Free Report) insider Jurgen Timperman sold 159,915 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $61.95, for a total transaction of $9,906,734.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Carrier Global Stock Down 0.6 %

NYSE:CARR traded down $0.37 during mid-day trading on Wednesday, hitting $61.12. The stock had a trading volume of 4,238,251 shares, compared to its average volume of 4,900,330. Carrier Global Co. has a twelve month low of $40.28 and a twelve month high of $63.79. The stock has a 50-day simple moving average of $56.88 and a two-hundred day simple moving average of $54.94. The company has a current ratio of 1.36, a quick ratio of 0.99 and a debt-to-equity ratio of 1.31. The company has a market capitalization of $55.07 billion, a PE ratio of 43.00, a PEG ratio of 2.64 and a beta of 1.39.

Carrier Global (NYSE:CARR - Get Free Report) last released its quarterly earnings data on Thursday, April 25th. The company reported $0.62 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.12. The business had revenue of $6.18 billion for the quarter, compared to the consensus estimate of $6.27 billion. Carrier Global had a return on equity of 26.01% and a net margin of 5.41%. On average, equities research analysts anticipate that Carrier Global Co. will post 2.84 EPS for the current year.

Carrier Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Friday, May 3rd will be given a $0.19 dividend. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.24%. Carrier Global's dividend payout ratio (DPR) is presently 53.15%.

Institutional Investors Weigh In On Carrier Global

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CARR. McClarren Financial Advisors Inc. increased its position in Carrier Global by 86.7% in the 4th quarter. McClarren Financial Advisors Inc. now owns 435 shares of the company's stock valued at $25,000 after acquiring an additional 202 shares during the period. DiNuzzo Private Wealth Inc. purchased a new position in shares of Carrier Global in the fourth quarter valued at $25,000. EdgeRock Capital LLC purchased a new stake in shares of Carrier Global in the 4th quarter worth about $27,000. OFI Invest Asset Management purchased a new position in Carrier Global during the 3rd quarter valued at about $28,000. Finally, Larson Financial Group LLC raised its position in Carrier Global by 76.2% during the third quarter. Larson Financial Group LLC now owns 511 shares of the company's stock worth $28,000 after acquiring an additional 221 shares during the last quarter. Hedge funds and other institutional investors own 91.00% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on CARR shares. Citigroup raised their price objective on shares of Carrier Global from $60.00 to $63.00 and gave the stock a "neutral" rating in a research note on Monday, April 8th. TD Cowen increased their target price on shares of Carrier Global from $66.00 to $70.00 and gave the stock a "buy" rating in a research note on Monday. Oppenheimer boosted their price objective on Carrier Global from $63.00 to $64.00 and gave the company an "outperform" rating in a research report on Friday, April 26th. Wells Fargo & Company boosted their target price on shares of Carrier Global from $59.00 to $66.00 and gave the stock an "equal weight" rating in a research note on Friday, April 26th. Finally, Barclays lifted their price objective on Carrier Global from $78.00 to $79.00 and gave the stock an "overweight" rating in a report on Friday, April 26th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $62.62.

About Carrier Global

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.

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