New York State Common Retirement Fund Trims Stock Holdings in Carrier Global Co. (NYSE:CARR)

New York State Common Retirement Fund trimmed its holdings in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 5.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 909,069 shares of the company's stock after selling 48,417 shares during the period. New York State Common Retirement Fund owned approximately 0.11% of Carrier Global worth $52,226,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. C WorldWide Group Holding A S bought a new position in shares of Carrier Global in the 3rd quarter worth $260,761,000. Impax Asset Management Group plc lifted its holdings in shares of Carrier Global by 6,362.1% in the 3rd quarter. Impax Asset Management Group plc now owns 2,236,841 shares of the company's stock worth $123,474,000 after purchasing an additional 2,202,226 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Carrier Global by 103.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 2,600,774 shares of the company's stock worth $143,563,000 after purchasing an additional 1,320,621 shares in the last quarter. FMR LLC lifted its holdings in shares of Carrier Global by 18.3% in the 3rd quarter. FMR LLC now owns 6,666,775 shares of the company's stock worth $368,006,000 after purchasing an additional 1,033,484 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new position in shares of Carrier Global in the 3rd quarter worth $48,735,000. 91.00% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on CARR shares. Royal Bank of Canada lowered their price target on Carrier Global from $63.00 to $60.00 and set an "outperform" rating for the company in a research report on Wednesday, February 7th. Oppenheimer reissued an "outperform" rating and issued a $63.00 price target on shares of Carrier Global in a research report on Thursday, April 18th. Barclays increased their price target on Carrier Global from $71.00 to $78.00 and gave the company an "overweight" rating in a research report on Tuesday, April 2nd. Wells Fargo & Company lowered their price target on Carrier Global from $63.00 to $57.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 7th. Finally, Citigroup increased their price target on Carrier Global from $60.00 to $63.00 and gave the company a "neutral" rating in a research report on Monday, April 8th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $61.15.

Carrier Global Stock Performance

Shares of CARR stock traded down $0.37 on Wednesday, hitting $54.77. 5,189,280 shares of the stock were exchanged, compared to its average volume of 4,726,724. The company has a current ratio of 2.73, a quick ratio of 2.40 and a debt-to-equity ratio of 1.58. The firm has a market capitalization of $49.30 billion, a PE ratio of 34.92, a P/E/G ratio of 2.26 and a beta of 1.39. Carrier Global Co. has a one year low of $40.28 and a one year high of $60.87. The firm's 50 day moving average is $56.34 and its two-hundred day moving average is $54.76.

Carrier Global (NYSE:CARR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 6th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.02. The company had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.22 billion. Carrier Global had a return on equity of 27.19% and a net margin of 6.10%. The firm's quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.40 EPS. Sell-side analysts expect that Carrier Global Co. will post 2.82 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Friday, May 3rd will be paid a dividend of $0.19 per share. The ex-dividend date is Thursday, May 2nd. This represents a $0.76 annualized dividend and a dividend yield of 1.39%. Carrier Global's payout ratio is 48.10%.

Insider Transactions at Carrier Global

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

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.