InTrack Investment Management Inc Sells 9,200 Shares of Carrier Global Co. (NYSE:CARR)

InTrack Investment Management Inc trimmed its stake in shares of Carrier Global Co. (NYSE:CARR) by 69.7% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 4,005 shares of the company’s stock after selling 9,200 shares during the quarter. InTrack Investment Management Inc’s holdings in Carrier Global were worth $233,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of CARR. Federated Hermes Inc. raised its position in Carrier Global by 72.1% during the third quarter. Federated Hermes Inc. now owns 3,899 shares of the company’s stock valued at $215,000 after purchasing an additional 1,634 shares in the last quarter. Bank of Nova Scotia boosted its stake in Carrier Global by 12.8% in the third quarter. Bank of Nova Scotia now owns 89,007 shares of the company’s stock valued at $4,913,000 after buying an additional 10,114 shares in the last quarter. Teza Capital Management LLC acquired a new stake in Carrier Global in the third quarter valued at about $462,000. Waverly Advisors LLC bought a new position in Carrier Global in the third quarter valued at about $215,000. Finally, Truist Financial Corp raised its stake in Carrier Global by 55.5% during the third quarter. Truist Financial Corp now owns 234,414 shares of the company’s stock worth $12,940,000 after acquiring an additional 83,684 shares in the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global Trading Up 1.5 %

NYSE:CARR opened at $62.85 on Wednesday. Carrier Global Co. has a 52 week low of $45.68 and a 52 week high of $66.50. The firm’s fifty day moving average is $63.50 and its 200-day moving average is $58.79. The firm has a market cap of $56.63 billion, a P/E ratio of 43.95, a P/E/G ratio of 2.46 and a beta of 1.32. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.99 and a current ratio of 1.36.

Carrier Global (NYSE:CARR) last issued its quarterly earnings results on Thursday, April 25th. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.12. Carrier Global had a net margin of 5.41% and a return on equity of 26.01%. The business had revenue of $6.18 billion for the quarter, compared to analysts’ expectations of $6.27 billion. Equities analysts expect that Carrier Global Co. will post 2.85 earnings per share for the current year.

Carrier Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 8th. Shareholders of record on Friday, June 21st will be issued 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 yield of 1.21%. Carrier Global’s payout ratio is currently 53.15%.

Insider Buying and Selling at Carrier Global

In other Carrier Global news, insider Jurgen Timperman sold 159,915 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $61.95, for a total value of $9,906,734.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, VP Nadia Villeneuve sold 98,428 shares of Carrier Global stock in a transaction on 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 completion of the sale, the vice president now owns 85,028 shares of the company’s stock, valued at approximately $5,560,831.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Jurgen Timperman sold 159,915 shares of the company’s 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 262,954 shares of company stock valued at $16,650,050. 6.95% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CARR shares. Robert W. Baird lifted 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. Citigroup raised shares of Carrier Global from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $65.00 to $74.00 in a research note on Monday, June 24th. Oppenheimer increased their price target on Carrier Global from $64.00 to $71.00 and gave the company an “outperform” rating in a research note on Thursday, June 27th. Wells Fargo & Company boosted their price objective on Carrier Global from $59.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Friday, April 26th. Finally, TD Cowen upped their target price on Carrier Global from $66.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, April 29th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $64.14.

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.