Carrier Global Co. (NYSE:CARR) Shares Sold by Lee Danner & Bass Inc.

Lee Danner & Bass Inc. trimmed its stake in shares of Carrier Global Co. (NYSE:CARR) by 17.6% in the fourth quarter, Holdings Channel reports. The fund owned 35,614 shares of the company’s stock after selling 7,627 shares during the period. Lee Danner & Bass Inc.’s holdings in Carrier Global were worth $2,046,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. C WorldWide Group Holding A S purchased a new stake in shares of Carrier Global during the third quarter worth approximately $260,761,000. Impax Asset Management Group plc grew its position in Carrier Global by 6,362.1% in the 3rd quarter. Impax Asset Management Group plc now owns 2,236,841 shares of the company’s stock valued at $123,474,000 after buying an additional 2,202,226 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Carrier Global by 103.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 2,600,774 shares of the company’s stock valued at $143,563,000 after buying an additional 1,320,621 shares during the period. FMR LLC raised its position in Carrier Global by 18.3% during the 3rd quarter. FMR LLC now owns 6,666,775 shares of the company’s stock worth $368,006,000 after buying an additional 1,033,484 shares during the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new stake in shares of Carrier Global in the 3rd quarter worth $48,735,000. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global Stock Up 0.2 %

CARR opened at $53.62 on Tuesday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 2.40 and a current ratio of 2.73. The company has a market cap of $48.26 billion, a price-to-earnings ratio of 33.94, a PEG ratio of 2.26 and a beta of 1.39. Carrier Global Co. has a one year low of $40.28 and a one year high of $60.87. The business’s fifty day moving average is $56.32 and its two-hundred day moving average is $54.75.

Carrier Global (NYSE:CARR) last released its quarterly earnings results on Tuesday, February 6th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.02. The business had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.22 billion. Carrier Global had a return on equity of 27.19% and a net margin of 6.10%. The business’s revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.40 EPS. Analysts anticipate that Carrier Global Co. will post 2.82 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Friday, May 3rd will be given a $0.19 dividend. The ex-dividend date is Thursday, May 2nd. This represents a $0.76 annualized dividend and a dividend yield of 1.42%. Carrier Global’s dividend payout ratio is presently 48.10%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Citigroup boosted their price target on shares of Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Barclays lifted their price objective on Carrier Global from $71.00 to $78.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Royal Bank of Canada cut their target price on 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 report on Wednesday, February 7th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $63.00 price objective on shares of Carrier Global in a report on Thursday, April 18th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $61.15.

Insider Transactions at Carrier Global

In related news, CEO David L. Gitlin sold 354,539 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $54.16, for a total value of $19,201,832.24. Following the sale, the chief executive officer now owns 422,808 shares of the company’s stock, valued at approximately $22,899,281.28. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, CEO David L. Gitlin sold 354,539 shares of Carrier Global stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $54.16, for a total transaction of $19,201,832.24. Following the completion of the sale, the chief executive officer now 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 available at the SEC website. Also, VP Kevin J. O’connor sold 26,551 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were 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 of the company’s stock, valued at approximately $3,553,282.91. The disclosure for this sale can be found here. Corporate insiders own 6.95% of the company’s stock.

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.