Courier Capital LLC Cuts Stock Position in Carrier Global Co. (NYSE:CARR)

Courier Capital LLC lessened its position in Carrier Global Co. (NYSE:CARR) by 13.2% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 9,571 shares of the company’s stock after selling 1,450 shares during the quarter. Courier Capital LLC’s holdings in Carrier Global were worth $556,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several analysts have commented on CARR shares. Barclays upped their price objective on Carrier Global from $79.00 to $81.00 and gave the company an “overweight” rating in a research note on Friday, June 14th. Citigroup upgraded Carrier Global from a “neutral” rating to a “buy” rating and upped their price target for the stock from $65.00 to $74.00 in a report on Monday. TD Cowen upped their price target on Carrier Global from $66.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, April 29th. Robert W. Baird increased their target price on Carrier Global from $60.00 to $64.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Finally, Wells Fargo & Company increased their target price on Carrier Global from $59.00 to $66.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. Three analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $64.14.

Insider Activity

In other news, insider Jurgen Timperman sold 159,915 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $61.95, for a total transaction of $9,906,734.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CAO Kyle Crockett sold 4,611 shares of Carrier Global stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $66.39, for a total value of $306,124.29. Following the completion of the transaction, the chief accounting officer now directly owns 2,042 shares in the company, valued at $135,568.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jurgen Timperman sold 159,915 shares of Carrier Global stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $61.95, for a total value of $9,906,734.25. The disclosure for this sale can be found here. Insiders sold 262,954 shares of company stock worth $16,650,050 over the last ninety days. Corporate insiders own 6.95% of the company’s stock.

Carrier Global Stock Down 0.2 %

NYSE:CARR traded down $0.15 during mid-day trading on Friday, hitting $63.08. The company had a trading volume of 17,667,354 shares, compared to its average volume of 4,593,824. The business has a fifty day simple moving average of $62.99 and a 200-day simple moving average of $58.65. The company has a current ratio of 1.36, a quick ratio of 0.99 and a debt-to-equity ratio of 1.31. Carrier Global Co. has a 1 year low of $45.68 and a 1 year high of $66.50. The firm has a market capitalization of $56.84 billion, a price-to-earnings ratio of 43.85, a PEG ratio of 2.54 and a beta of 1.33.

Carrier Global (NYSE:CARR) last released its quarterly earnings data on Thursday, April 25th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.50 by $0.12. Carrier Global had a return on equity of 26.01% and a net margin of 5.41%. The company had revenue of $6.18 billion for the quarter, compared to analyst estimates of $6.27 billion. Equities analysts forecast 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 dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, June 21st. This represents a $0.76 annualized dividend and a dividend yield of 1.20%. Carrier Global’s dividend payout ratio is presently 53.15%.

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.