C WorldWide Group Holding A S Sells 520,034 Shares of Carrier Global Co. (NYSE:CARR)

C WorldWide Group Holding A S cut its stake in Carrier Global Co. (NYSE:CARR - Free Report) by 11.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,203,900 shares of the company's stock after selling 520,034 shares during the quarter. Carrier Global comprises approximately 3.2% of C WorldWide Group Holding A S's holdings, making the stock its 13th largest holding. C WorldWide Group Holding A S owned approximately 0.50% of Carrier Global worth $241,514,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Russell Investments Group Ltd. boosted its position in Carrier Global by 1.2% during the fourth quarter. Russell Investments Group Ltd. now owns 1,489,686 shares of the company's stock valued at $85,624,000 after purchasing an additional 16,950 shares in the last quarter. Addison Advisors LLC boosted its holdings in Carrier Global by 60.1% in the fourth quarter. Addison Advisors LLC now owns 3,299 shares of the company's stock worth $190,000 after acquiring an additional 1,238 shares in the last quarter. Citizens Financial Group Inc. RI grew its stake in shares of Carrier Global by 53.9% during the fourth quarter. Citizens Financial Group Inc. RI now owns 8,931 shares of the company's stock worth $513,000 after acquiring an additional 3,126 shares during the last quarter. Mountain Pacific Investment Advisers Inc. ID grew its stake in shares of Carrier Global by 18.1% during the fourth quarter. Mountain Pacific Investment Advisers Inc. ID now owns 10,730 shares of the company's stock worth $616,000 after acquiring an additional 1,645 shares during the last quarter. Finally, Kovack Advisors Inc. grew its stake in shares of Carrier Global by 29.4% during the fourth quarter. Kovack Advisors Inc. now owns 7,162 shares of the company's stock worth $411,000 after acquiring an additional 1,629 shares during the last quarter. 91.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on CARR. Citigroup upped their target price on Carrier Global from $60.00 to $63.00 and gave the stock a "neutral" rating in a research note on Monday, April 8th. Oppenheimer upped their target price on Carrier Global from $63.00 to $64.00 and gave the company an "outperform" rating in a report on Friday. Barclays upped their target price on Carrier Global from $78.00 to $79.00 and gave the company an "overweight" rating in a report on Friday. 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 report on Wednesday, February 7th. Finally, Wells Fargo & Company raised their target price on Carrier Global from $59.00 to $66.00 and gave the company an "equal weight" rating in a report on Friday. Three 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, the company presently has an average rating of "Hold" and a consensus price target of $62.00.

Insider Transactions at Carrier Global

In related news, CEO David L. Gitlin sold 354,539 shares of the stock in a transaction that occurred on 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 directly owns 422,808 shares of the company's stock, valued at approximately $22,899,281.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, VP Kevin J. O'connor sold 26,551 shares of the firm's stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $53.77, for a total transaction of $1,427,647.27. Following the completion of the sale, the vice president now directly owns 66,083 shares of the company's stock, valued at approximately $3,553,282.91. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO David L. Gitlin sold 354,539 shares of the stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $54.16, for a total value of $19,201,832.24. Following the completion of the sale, 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. Insiders own 6.95% of the company's stock.

Carrier Global Stock Up 1.2 %

Shares of NYSE CARR traded up $0.69 on Friday, hitting $60.50. The company had a trading volume of 6,684,176 shares, compared to its average volume of 4,318,700. Carrier Global Co. has a 12-month low of $40.28 and a 12-month high of $60.87. The business has a 50 day moving average of $56.54 and a two-hundred day moving average of $54.83. The company has a quick ratio of 2.40, a current ratio of 1.36 and a debt-to-equity ratio of 1.31. The firm has a market capitalization of $54.46 billion, a P/E ratio of 42.31, a PEG ratio of 2.50 and a beta of 1.39.

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

Carrier Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Friday, May 3rd will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Thursday, May 2nd. Carrier Global's payout ratio is 53.15%.

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.