Carrier Global Co. (NYSE:CARR) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB cut its position in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 4.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 856,876 shares of the company's stock after selling 38,824 shares during the period. Handelsbanken Fonder AB owned 0.10% of Carrier Global worth $49,228,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Criterion Capital Advisors LLC bought a new stake in shares of Carrier Global during the 4th quarter worth about $32,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Carrier Global by 1.4% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 74,397 shares of the company's stock worth $4,274,000 after buying an additional 1,031 shares during the period. Signaturefd LLC boosted its holdings in shares of Carrier Global by 6.8% during the 4th quarter. Signaturefd LLC now owns 15,656 shares of the company's stock worth $899,000 after buying an additional 1,003 shares during the period. abrdn plc boosted its holdings in shares of Carrier Global by 40.6% during the 4th quarter. abrdn plc now owns 751,661 shares of the company's stock worth $43,183,000 after buying an additional 217,144 shares during the period. Finally, J.W. Cole Advisors Inc. boosted its holdings in shares of Carrier Global by 19.0% during the 4th quarter. J.W. Cole Advisors Inc. now owns 11,862 shares of the company's stock worth $681,000 after buying an additional 1,897 shares during the period. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO David L. Gitlin sold 354,539 shares of the firm's stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $54.16, for a total transaction of $19,201,832.24. Following the completion of the sale, the chief executive officer now owns 422,808 shares in the company, valued at $22,899,281.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Carrier Global news, CEO David L. Gitlin sold 354,539 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $54.16, for a total transaction of $19,201,832.24. Following the completion of the transaction, the chief executive officer now owns 422,808 shares in the company, valued at $22,899,281.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Kevin J. O'connor sold 26,551 shares of the firm's stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $53.77, for a total transaction of $1,427,647.27. Following the completion of the transaction, the vice president now owns 66,083 shares of the company's stock, valued at $3,553,282.91. The disclosure for this sale can be found here. 6.95% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Wells Fargo & Company reduced their target price on shares of Carrier Global from $63.00 to $57.00 and set an "equal weight" rating for the company in a report on Wednesday, February 7th. Oppenheimer restated an "outperform" rating and issued a $63.00 target price on shares of Carrier Global in a research report on Thursday. Citigroup boosted their target price on shares of Carrier Global from $60.00 to $63.00 and gave the company a "neutral" rating in a research report on Monday, April 8th. Barclays upped their price objective on shares of Carrier Global from $71.00 to $78.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 2nd. Finally, Royal Bank of Canada lowered their price objective on shares of Carrier Global from $63.00 to $60.00 and set an "outperform" rating for the company in a research report on Wednesday, February 7th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, Carrier Global currently has a consensus rating of "Hold" and a consensus price target of $61.15.

Carrier Global Stock Up 0.2 %

NYSE CARR traded up $0.09 on Monday, hitting $53.62. 6,739,715 shares of the company were exchanged, compared to its average volume of 4,699,122. The company has a market cap of $48.26 billion, a PE ratio of 33.94, a PEG ratio of 2.26 and a beta of 1.39. Carrier Global Co. has a 12 month low of $40.28 and a 12 month high of $60.87. The stock has a fifty day moving average of $56.32 and a 200-day moving average of $54.75. The company has a current ratio of 2.73, a quick ratio of 2.40 and a debt-to-equity ratio of 1.58.

Carrier Global (NYSE:CARR - Get Free Report) last released its quarterly earnings data on Tuesday, February 6th. The company reported $0.53 earnings per share for the quarter, beating analysts' consensus estimates of $0.51 by $0.02. Carrier Global had a net margin of 6.10% and a return on equity of 27.19%. The firm had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.22 billion. During the same period last year, the firm earned $0.40 earnings per share. The business's quarterly revenue was down .1% compared to the same quarter last year. As a group, analysts forecast that Carrier Global Co. will post 2.82 earnings per share for the current year.

Carrier Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Friday, May 3rd will be issued a $0.19 dividend. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $0.76 annualized dividend and a dividend yield of 1.42%. Carrier Global's dividend payout ratio is currently 48.10%.

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.