Canada Pension Plan Investment Board Purchases 66,000 Shares of Carrier Global Co. (NYSE:CARR)

Canada Pension Plan Investment Board increased its position in shares of Carrier Global Co. (NYSE:CARRFree Report) by 27.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 305,497 shares of the company’s stock after purchasing an additional 66,000 shares during the period. Canada Pension Plan Investment Board’s holdings in Carrier Global were worth $16,863,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of CARR. Aptus Capital Advisors LLC grew its holdings in shares of Carrier Global by 27.2% in the third quarter. Aptus Capital Advisors LLC now owns 8,474 shares of the company’s stock worth $468,000 after purchasing an additional 1,811 shares during the last quarter. W.G. Shaheen & Associates DBA Whitney & Co purchased a new stake in shares of Carrier Global in the third quarter valued at approximately $222,000. Wade G W & Inc. raised its position in Carrier Global by 12.6% during the 3rd quarter. Wade G W & Inc. now owns 7,694 shares of the company’s stock valued at $425,000 after purchasing an additional 858 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in shares of Carrier Global by 0.4% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 931,081 shares of the company’s stock worth $51,396,000 after buying an additional 3,581 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Carrier Global during the 3rd quarter worth $64,000. 91.47% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO David L. Gitlin sold 354,539 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $54.16, for a total transaction of $19,201,832.24. Following the completion of the transaction, the chief executive officer now owns 422,808 shares of the company’s stock, valued at $22,899,281.28. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO David L. Gitlin sold 354,539 shares of the business’s 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 transaction, the chief executive officer now directly owns 422,808 shares in the company, valued at approximately $22,899,281.28. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Kevin J. O’connor sold 26,551 shares of the company’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 owns 66,083 shares of the company’s stock, valued at approximately $3,553,282.91. The disclosure for this sale can be found here. In the last ninety days, insiders sold 397,590 shares of company stock valued at $21,586,315. 0.38% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on CARR shares. Royal Bank of Canada lowered 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 note on Wednesday, February 7th. Wells Fargo & Company reduced their price target on Carrier Global from $63.00 to $57.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 7th. Citigroup raised their price objective on Carrier Global from $52.00 to $56.00 and gave the company a “neutral” rating in a research report on Monday, December 11th. Finally, Oppenheimer reduced their target price on shares of Carrier Global from $60.00 to $58.00 and set an “outperform” rating for the company in a report on Monday, October 23rd. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $58.29.

Read Our Latest Stock Report on Carrier Global

Carrier Global Stock Up 1.7 %

CARR stock opened at $56.01 on Monday. The stock has a market capitalization of $50.32 billion, a PE ratio of 35.45, a price-to-earnings-growth ratio of 1.90 and a beta of 1.42. Carrier Global Co. has a 52 week low of $40.28 and a 52 week high of $60.04. The company has a quick ratio of 2.40, a current ratio of 2.73 and a debt-to-equity ratio of 1.58. The firm has a 50 day moving average of $55.97 and a 200 day moving average of $54.55.

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

Carrier Global Increases Dividend

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

Carrier Global Company Profile

(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.

Featured Articles

Institutional Ownership by Quarter for Carrier Global (NYSE:CARR)

Receive News & Ratings for Carrier Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carrier Global and related companies with MarketBeat.com's FREE daily email newsletter.