Victory Capital Management Inc. Has $263.24 Million Holdings in Carrier Global Co. (NYSE:CARR)

Victory Capital Management Inc. lowered its position in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 2.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,581,993 shares of the company's stock after selling 91,264 shares during the quarter. Victory Capital Management Inc. owned 0.55% of Carrier Global worth $263,235,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. PDS Planning Inc acquired a new stake in shares of Carrier Global in the third quarter worth $205,000. Mission Wealth Management LP acquired a new position in shares of Carrier Global in the 3rd quarter valued at about $326,000. Raymond James & Associates lifted its position in shares of Carrier Global by 13.5% in the third quarter. Raymond James & Associates now owns 1,887,818 shares of the company's stock worth $104,207,000 after purchasing an additional 224,788 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in Carrier Global by 4.2% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 163,655 shares of the company's stock valued at $9,034,000 after buying an additional 6,600 shares during the period. Finally, Stratos Wealth Partners LTD. boosted its stake in shares of Carrier Global by 8.4% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 66,227 shares of the company's stock valued at $3,656,000 after buying an additional 5,119 shares during the period. Hedge funds and other institutional investors own 91.00% of the company's stock.

Insider Buying and Selling

In other news, insider Jurgen Timperman sold 159,915 shares of the firm's stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $61.95, for a total transaction of $9,906,734.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, VP Kevin J. O'connor sold 26,551 shares of the company's stock in a transaction dated 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 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 this link. Also, insider Jurgen Timperman sold 159,915 shares of the stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $61.95, for a total transaction of $9,906,734.25. The disclosure for this sale can be found here. Insiders sold 541,005 shares of company stock valued at $30,536,214 over the last quarter. Corporate insiders own 6.95% of the company's stock.

Carrier Global Stock Performance

Shares of CARR stock traded down $0.37 during trading hours on Wednesday, reaching $61.12. 4,238,251 shares of the company's stock were exchanged, compared to its average volume of 4,900,330. The company has a quick ratio of 0.99, a current ratio of 1.36 and a debt-to-equity ratio of 1.31. Carrier Global Co. has a fifty-two week low of $40.28 and a fifty-two week high of $63.79. The business has a fifty day moving average price of $57.02 and a 200-day moving average price of $54.98. The stock has a market capitalization of $55.07 billion, a P/E ratio of 42.74, a P/E/G ratio of 2.64 and a beta of 1.39.

Carrier Global (NYSE:CARR - Get Free Report) last announced its quarterly earnings data on Thursday, April 25th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.12. The company had revenue of $6.18 billion for the quarter, compared to analyst estimates of $6.27 billion. Carrier Global had a return on equity of 26.01% and a net margin of 5.41%. Analysts predict that Carrier Global Co. will post 2.84 EPS for the current fiscal year.

Carrier Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Friday, May 3rd will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend is Thursday, May 2nd. Carrier Global's payout ratio is 53.15%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Barclays lifted their price objective on Carrier Global from $78.00 to $79.00 and gave the company an "overweight" rating in a research report on Friday, April 26th. Oppenheimer boosted their price target on Carrier Global from $63.00 to $64.00 and gave the company an "outperform" rating in a research note on Friday, April 26th. Royal Bank of Canada cut their price objective on shares of Carrier Global from $63.00 to $60.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 7th. 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 report on Friday, April 26th. Finally, TD Cowen raised their price target on shares of Carrier Global from $66.00 to $70.00 and gave the company a "buy" rating in a report on Monday. Three equities research 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. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price 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.