Carrier Global Co. (NYSE:CARR) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System decreased its stake in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 2.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,533,589 shares of the company's stock after selling 44,054 shares during the period. California Public Employees Retirement System owned approximately 0.18% of Carrier Global worth $88,105,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of CARR. RWA Wealth Partners LLC bought a new position in shares of Carrier Global in the fourth quarter valued at $241,000. Cetera Trust Company N.A bought a new stake in Carrier Global in the fourth quarter valued at approximately $40,000. Criterion Capital Advisors LLC acquired a new stake in Carrier Global during the 4th quarter valued at $32,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Carrier Global by 1.4% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 74,397 shares of the company's stock valued at $4,274,000 after purchasing an additional 1,031 shares during the period. Finally, 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. Institutional investors own 91.00% of the company's stock.

Insiders Place Their Bets

In other news, VP Kevin J. O'connor sold 26,551 shares of the business'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 transaction, the vice president now directly owns 66,083 shares in the company, valued at $3,553,282.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, VP Kevin J. O'connor sold 26,551 shares of the stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $53.77, for a total value of $1,427,647.27. Following the sale, the vice president now owns 66,083 shares of the company's stock, valued at $3,553,282.91. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO David L. Gitlin sold 354,539 shares of the company's stock in a transaction dated Thursday, February 8th. The stock was 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 disclosure for this sale can be found here. Insiders own 6.95% of the company's stock.

Carrier Global Stock Up 9.2 %

Shares of NYSE CARR traded up $5.04 during trading on Thursday, hitting $59.81. The stock had a trading volume of 10,168,104 shares, compared to its average volume of 4,794,749. Carrier Global Co. has a 12 month low of $40.28 and a 12 month high of $60.87. The firm has a fifty day moving average of $56.34 and a two-hundred day moving average of $54.76. The company has a market capitalization of $53.84 billion, a PE ratio of 37.34, a PEG ratio of 2.33 and a beta of 1.39. The company has a debt-to-equity ratio of 1.58, a current ratio of 2.73 and a quick ratio of 2.40.

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

Carrier Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Friday, May 3rd will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.27%. The ex-dividend date is Thursday, May 2nd. Carrier Global's dividend payout ratio (DPR) is 48.10%.

Analyst Ratings Changes

Several research firms have recently commented on CARR. Barclays upped their target price 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 decreased their price target on shares of Carrier Global from $63.00 to $57.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 7th. Oppenheimer reaffirmed an "outperform" rating and set a $63.00 target price on shares of Carrier Global in a report on Thursday, April 18th. Royal Bank of Canada cut their price target on Carrier Global from $63.00 to $60.00 and set an "outperform" rating for the company in a research note on Wednesday, February 7th. Finally, Citigroup lifted their price objective on Carrier Global from $60.00 to $63.00 and gave the company a "neutral" rating in a report on Monday, April 8th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $61.15.

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.