National Bank of Canada FI Sells 97,718 Shares of Carrier Global Co. (NYSE:CARR)

National Bank of Canada FI reduced its position in Carrier Global Co. (NYSE:CARR - Free Report) by 22.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 338,122 shares of the company's stock after selling 97,718 shares during the quarter. National Bank of Canada FI's holdings in Carrier Global were worth $19,081,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Modera Wealth Management LLC lifted its holdings in Carrier Global by 19.4% during the 3rd quarter. Modera Wealth Management LLC now owns 21,099 shares of the company's stock worth $1,165,000 after purchasing an additional 3,430 shares in the last quarter. Pinnacle Financial Partners Inc lifted its stake in Carrier Global by 9.0% in the 4th quarter. Pinnacle Financial Partners Inc now owns 5,781 shares of the company's stock worth $332,000 after purchasing an additional 476 shares in the last quarter. Andrew Hill Investment Advisors Inc. bought a new position in Carrier Global in the 4th quarter valued at $2,081,000. abrdn plc grew its position in shares of Carrier Global by 40.6% during the 4th quarter. abrdn plc now owns 751,661 shares of the company's stock valued at $43,183,000 after purchasing an additional 217,144 shares in the last quarter. Finally, AIA Group Ltd increased its holdings in shares of Carrier Global by 16.5% in the fourth quarter. AIA Group Ltd now owns 98,959 shares of the company's stock worth $5,685,000 after purchasing an additional 14,003 shares during the period. 91.00% of the stock is currently owned by institutional investors.

Carrier Global Stock Up 0.1 %

CARR stock traded up $0.06 during midday trading on Wednesday, hitting $64.32. The company's stock had a trading volume of 2,296,825 shares, compared to its average volume of 4,836,045. The company has a market cap of $57.95 billion, a PE ratio of 44.97, a P/E/G ratio of 2.61 and a beta of 1.34. The firm's 50-day moving average is $57.71 and its 200-day moving average is $55.36. Carrier Global Co. has a 12 month low of $40.49 and a 12 month high of $64.69. The company has a current ratio of 1.36, a quick ratio of 0.99 and a debt-to-equity ratio of 1.31.

Carrier Global (NYSE:CARR - Get Free Report) last issued its earnings results on Thursday, April 25th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.12. Carrier Global had a net margin of 5.41% and a return on equity of 26.01%. The company had revenue of $6.18 billion for the quarter, compared to analysts' expectations of $6.27 billion. On average, equities research analysts forecast that Carrier Global Co. will post 2.85 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Friday, May 3rd will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend is Thursday, May 2nd. Carrier Global's dividend payout ratio (DPR) is presently 53.15%.

Insider Transactions at Carrier Global

In other news, insider Jurgen Timperman sold 159,915 shares of the business's stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $61.95, for a total transaction of $9,906,734.25. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Carrier Global news, insider Jurgen Timperman sold 159,915 shares of Carrier Global stock in a transaction on Monday, April 29th. The stock was sold at an average price of $61.95, for a total transaction of $9,906,734.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David L. Gitlin sold 354,539 shares of the company's stock in a transaction 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 sale, the chief executive officer now owns 422,808 shares of the company's stock, valued at $22,899,281.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 541,005 shares of company stock valued at $30,536,214. 6.95% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

CARR has been the subject of a number of research analyst reports. TD Cowen lifted their price target on Carrier Global from $66.00 to $70.00 and gave the company a "buy" rating in a research report on Monday, April 29th. Oppenheimer lifted their price target on Carrier Global from $63.00 to $64.00 and gave the stock an "outperform" rating in a research note on Friday, April 26th. Citigroup raised 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. Robert W. Baird boosted their price objective on shares of Carrier Global from $60.00 to $64.00 and gave the stock a "neutral" rating in a report on Friday, May 3rd. Finally, Wells Fargo & Company increased their target price on shares of Carrier Global from $59.00 to $66.00 and gave the company an "equal weight" rating in a report on Friday, April 26th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $62.71.

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.