Carrier Global Co. (NYSE:CARR) VP Kevin J. O’connor Sells 26,551 Shares of Stock

Carrier Global Co. (NYSE:CARRGet Free Report) VP Kevin J. O’connor sold 26,551 shares of the firm’s stock in a transaction dated 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 transaction, the vice president now directly owns 66,083 shares in the company, valued at $3,553,282.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Carrier Global Price Performance

Shares of CARR opened at $56.01 on Friday. Carrier Global Co. has a 1-year low of $40.28 and a 1-year high of $60.04. The stock has a market cap of $50.32 billion, a PE ratio of 35.45, a P/E/G ratio of 1.78 and a beta of 1.42. The firm has a 50-day simple moving average of $55.97 and a two-hundred day simple moving average of $54.55. The company has a debt-to-equity ratio of 1.58, a current ratio of 2.73 and a quick ratio of 1.25.

Carrier Global (NYSE:CARRGet Free Report) last announced its quarterly earnings data on Tuesday, February 6th. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.02. The firm had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $5.22 billion. Carrier Global had a net margin of 6.10% and a return on equity of 27.19%. The business’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.40 earnings per share. As a group, analysts forecast that Carrier Global Co. will post 2.85 EPS for the current year.

Carrier Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 9th. Investors of record on Thursday, December 21st were issued a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, December 20th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.36%. This is a boost from Carrier Global’s previous quarterly dividend of $0.19. Carrier Global’s payout ratio is 48.10%.

Wall Street Analysts Forecast Growth

CARR has been the topic of several research reports. Oppenheimer decreased their price target on shares of Carrier Global from $60.00 to $58.00 and set an “outperform” rating on the stock in a research note on Monday, October 23rd. Citigroup raised their price target on shares of Carrier Global from $52.00 to $56.00 and gave the stock a “neutral” rating in a research note on Monday, December 11th. 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. Finally, Royal Bank of Canada cut their price objective on shares of Carrier Global from $63.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Carrier Global currently has a consensus rating of “Hold” and a consensus target price of $58.29.

View Our Latest Stock Report on CARR

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Intech Investment Management LLC lifted its stake in Carrier Global by 68.0% in the fourth quarter. Intech Investment Management LLC now owns 106,044 shares of the company’s stock worth $6,092,000 after acquiring an additional 42,921 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in Carrier Global by 4.1% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 220,550 shares of the company’s stock worth $12,671,000 after acquiring an additional 8,724 shares during the last quarter. Hoylecohen LLC lifted its stake in Carrier Global by 2.5% in the fourth quarter. Hoylecohen LLC now owns 32,723 shares of the company’s stock worth $1,880,000 after acquiring an additional 803 shares during the last quarter. Orion Portfolio Solutions LLC lifted its stake in Carrier Global by 46.4% in the fourth quarter. Orion Portfolio Solutions LLC now owns 38,216 shares of the company’s stock worth $2,156,000 after acquiring an additional 12,112 shares during the last quarter. Finally, Team Hewins LLC purchased a new stake in shares of Carrier Global during the 4th quarter worth approximately $289,000. Hedge funds and other institutional investors own 91.47% of the company’s stock.

Carrier Global Company Profile

(Get Free Report)

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.

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