Dodge & Cox Has $681.36 Million Stock Holdings in Carrier Global Co. (NYSE:CARR)

Dodge & Cox trimmed its position in Carrier Global Co. (NYSE:CARR) by 9.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,893,181 shares of the company’s stock after selling 1,490,975 shares during the quarter. Dodge & Cox owned 1.78% of Carrier Global worth $681,363,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Securian Asset Management Inc. lifted its position in shares of Carrier Global by 0.4% during the 1st quarter. Securian Asset Management Inc. now owns 68,906 shares of the company’s stock valued at $3,152,000 after acquiring an additional 257 shares during the period. TFC Financial Management Inc. lifted its position in shares of Carrier Global by 6.4% during the 1st quarter. TFC Financial Management Inc. now owns 4,399 shares of the company’s stock valued at $201,000 after acquiring an additional 264 shares during the period. Goelzer Investment Management Inc. lifted its position in shares of Carrier Global by 1.0% during the 1st quarter. Goelzer Investment Management Inc. now owns 27,968 shares of the company’s stock valued at $1,280,000 after acquiring an additional 268 shares during the period. Pathstone Family Office LLC lifted its position in shares of Carrier Global by 0.6% during the 4th quarter. Pathstone Family Office LLC now owns 44,694 shares of the company’s stock valued at $3,781,000 after acquiring an additional 276 shares during the period. Finally, HB Wealth Management LLC lifted its position in shares of Carrier Global by 1.4% during the 1st quarter. HB Wealth Management LLC now owns 21,772 shares of the company’s stock valued at $996,000 after acquiring an additional 291 shares during the period. 91.47% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Kyle Crockett sold 6,817 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $59.22, for a total transaction of $403,702.74. Following the completion of the sale, the vice president now owns 42 shares of the company’s stock, valued at $2,487.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Carrier Global news, insider Jurgen Timperman sold 164,450 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $59.25, for a total value of $9,743,662.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Kyle Crockett sold 6,817 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $59.22, for a total value of $403,702.74. Following the completion of the transaction, the vice president now owns 42 shares in the company, valued at approximately $2,487.24. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by insiders.

Carrier Global Trading Up 2.5 %

NYSE CARR traded up $1.41 during trading hours on Friday, hitting $58.66. 7,177,217 shares of the company’s stock were exchanged, compared to its average volume of 3,774,220. The stock has a 50-day simple moving average of $55.10 and a 200 day simple moving average of $48.08. Carrier Global Co. has a 1-year low of $33.10 and a 1-year high of $60.04. The firm has a market cap of $49.14 billion, a price-to-earnings ratio of 23.28, a PEG ratio of 2.24 and a beta of 1.42. The company has a current ratio of 1.63, a quick ratio of 1.19 and a debt-to-equity ratio of 1.04.

Carrier Global (NYSE:CARR) last released its earnings results on Thursday, July 27th. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.76 by $0.03. Carrier Global had a return on equity of 25.42% and a net margin of 9.87%. The business had revenue of $6 billion during the quarter, compared to analysts’ expectations of $5.83 billion. During the same quarter last year, the firm posted $0.69 earnings per share. The firm’s revenue was up 15.1% on a year-over-year basis. On average, equities analysts forecast that Carrier Global Co. will post 2.62 EPS for the current fiscal year.

Analyst Ratings Changes

CARR has been the subject of a number of recent analyst reports. TD Cowen upped their target price on Carrier Global from $54.00 to $62.00 and gave the company an “outperform” rating in a research report on Monday, July 31st. Morgan Stanley upped their price objective on Carrier Global from $49.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Friday, July 28th. UBS Group upped their price objective on Carrier Global from $47.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday. Barclays upped their price objective on Carrier Global from $54.00 to $63.00 in a research report on Friday, July 28th. Finally, Wells Fargo & Company upped their price objective on Carrier Global from $45.00 to $50.00 in a research report on Monday, July 10th. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.53.

Carrier Global Company Profile

Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies worldwide. It operates through three segments: HVAC, Refrigeration, and Fire & Security. The HVAC segment provides products, controls, services, and solutions to meet the heating, cooling, and ventilation needs of residential and commercial customers.