Carrier Global Co. (NYSE:CARR) Shares Sold by AMF Tjanstepension AB

AMF Tjanstepension AB cut its position in shares of Carrier Global Co. (NYSE:CARR) by 9.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 228,676 shares of the company’s stock after selling 25,251 shares during the quarter. AMF Tjanstepension AB’s holdings in Carrier Global were worth $13,300,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. McClarren Financial Advisors Inc. grew its stake in shares of Carrier Global by 86.7% in the 4th quarter. McClarren Financial Advisors Inc. now owns 435 shares of the company’s stock worth $25,000 after purchasing an additional 202 shares during the last quarter. DiNuzzo Private Wealth Inc. purchased a new stake in shares of Carrier Global in the fourth quarter valued at $25,000. EdgeRock Capital LLC purchased a new stake in Carrier Global in the 4th quarter worth about $27,000. VisionPoint Advisory Group LLC acquired a new stake in Carrier Global during the 3rd quarter worth about $30,000. Finally, Criterion Capital Advisors LLC acquired a new position in shares of Carrier Global in the 4th quarter valued at about $32,000. Institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Down 0.1 %

Shares of NYSE:CARR opened at $63.15 on Friday. The company has a market capitalization of $56.90 billion, a PE ratio of 44.16, a P/E/G ratio of 2.55 and a beta of 1.33. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.99 and a current ratio of 1.36. The company’s fifty day moving average is $62.99 and its 200-day moving average is $58.65. Carrier Global Co. has a 52 week low of $45.68 and a 52 week high of $66.50.

Carrier Global (NYSE:CARR) last posted its earnings results on Thursday, April 25th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.12. The company had revenue of $6.18 billion during the quarter, compared to analysts’ expectations of $6.27 billion. Carrier Global had a net margin of 5.41% and a return on equity of 26.01%. Equities research analysts predict 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 Thursday, August 8th. Stockholders of record on Friday, June 21st will be paid a $0.19 dividend. The ex-dividend date of this dividend is Friday, June 21st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.20%. Carrier Global’s dividend payout ratio (DPR) is presently 53.15%.

Insider Activity at Carrier Global

In other Carrier Global news, CAO Kyle Crockett sold 4,611 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $66.39, for a total value of $306,124.29. Following the completion of the sale, the chief accounting officer now owns 2,042 shares in the company, valued at approximately $135,568.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, VP Nadia Villeneuve sold 98,428 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $65.40, for a total value of $6,437,191.20. Following the transaction, the vice president now owns 85,028 shares of the company’s stock, valued at approximately $5,560,831.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Kyle Crockett sold 4,611 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $66.39, for a total transaction of $306,124.29. Following the sale, the chief accounting officer now directly owns 2,042 shares of the company’s stock, valued at $135,568.38. The disclosure for this sale can be found here. Insiders sold 262,954 shares of company stock valued at $16,650,050 over the last ninety days. 6.95% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on CARR shares. Barclays raised their price target on shares of Carrier Global from $79.00 to $81.00 and gave the stock an “overweight” rating in a report on Friday, June 14th. Wells Fargo & Company upped their price target on shares of Carrier Global from $59.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Friday, April 26th. TD Cowen lifted their price objective on Carrier Global from $66.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, April 29th. Robert W. Baird raised their price target on shares of Carrier Global from $60.00 to $64.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Finally, Oppenheimer upped their price objective on shares of Carrier Global from $64.00 to $71.00 and gave the stock an “outperform” rating in a report on Thursday. Three analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Carrier Global presently has a consensus rating of “Hold” and an average target price of $64.14.

Carrier Global 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.