National Bank of Canada FI Sells 97,718 Shares of Carrier Global Co. (NYSE:CARR)

National Bank of Canada FI decreased its stake in shares of Carrier Global Co. (NYSE:CARR) by 22.4% during the fourth quarter, Holdings Channel reports. The firm owned 338,122 shares of the company’s stock after selling 97,718 shares during the quarter. National Bank of Canada FI’s holdings in Carrier Global were worth $19,081,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Beese Fulmer Investment Management Inc. boosted its stake in shares of Carrier Global by 0.9% in the 4th quarter. Beese Fulmer Investment Management Inc. now owns 19,474 shares of the company’s stock worth $1,119,000 after buying an additional 181 shares during the last quarter. Graypoint LLC grew its stake in shares of Carrier Global by 1.9% during the 4th quarter. Graypoint LLC now owns 9,752 shares of the company’s stock valued at $560,000 after purchasing an additional 184 shares during the period. Global Wealth Management Investment Advisory Inc. lifted its stake in shares of Carrier Global by 16.0% in the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 1,450 shares of the company’s stock worth $80,000 after purchasing an additional 200 shares during the period. Operose Advisors LLC boosted its holdings in shares of Carrier Global by 44.4% in the third quarter. Operose Advisors LLC now owns 650 shares of the company’s stock worth $36,000 after buying an additional 200 shares during the last quarter. Finally, Boston Financial Mangement LLC boosted its holdings in shares of Carrier Global by 2.2% in the third quarter. Boston Financial Mangement LLC now owns 9,399 shares of the company’s stock worth $519,000 after buying an additional 201 shares during the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CARR shares. Wells Fargo & Company increased 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 report on Friday, April 26th. Robert W. Baird lifted their target price on Carrier Global from $60.00 to $64.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Citigroup upped their price target on Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Oppenheimer lifted their price objective on Carrier Global from $63.00 to $64.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Finally, Royal Bank of Canada reduced their target price on shares of Carrier Global from $63.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, February 7th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $62.71.

Carrier Global Trading Up 0.3 %

Shares of CARR opened at $64.26 on Wednesday. Carrier Global Co. has a 1 year low of $40.49 and a 1 year high of $64.69. The company has a 50 day simple moving average of $57.53 and a two-hundred day simple moving average of $55.24. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.36 and a quick ratio of 0.99. The firm has a market cap of $57.90 billion, a P/E ratio of 44.94, a price-to-earnings-growth ratio of 2.61 and a beta of 1.34.

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

Carrier Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Friday, May 3rd will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date is Thursday, May 2nd. Carrier Global’s payout ratio is presently 53.15%.

Insider Buying and Selling at Carrier Global

In related news, insider Jurgen Timperman sold 159,915 shares of the business’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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO David L. Gitlin sold 354,539 shares of the firm’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 completion of the sale, the chief executive officer now directly 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 Securities & Exchange Commission, which is available through the SEC website. Also, insider Jurgen Timperman sold 159,915 shares of the business’s stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders sold 541,005 shares of company stock worth $30,536,214 in the last quarter. 6.95% of the stock is owned by corporate insiders.

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.