Tucker Asset Management LLC Sells 440 Shares of Carrier Global Co. (NYSE:CARR)

Tucker Asset Management LLC trimmed its holdings in Carrier Global Co. (NYSE:CARR) by 4.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 8,779 shares of the company’s stock after selling 440 shares during the quarter. Tucker Asset Management LLC’s holdings in Carrier Global were worth $504,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. McClarren Financial Advisors Inc. increased its stake in shares of Carrier Global by 86.7% in the fourth quarter. McClarren Financial Advisors Inc. now owns 435 shares of the company’s stock worth $25,000 after buying an additional 202 shares during the period. DiNuzzo Private Wealth Inc. bought a new position in Carrier Global during the 4th quarter valued at approximately $25,000. EdgeRock Capital LLC bought a new position in Carrier Global during the 4th quarter valued at approximately $27,000. VisionPoint Advisory Group LLC bought a new position in Carrier Global during the 3rd quarter valued at approximately $30,000. Finally, Criterion Capital Advisors LLC bought a new position in Carrier Global during the 4th quarter valued at approximately $32,000. 91.00% of the stock is currently owned by institutional investors.

Insider Activity

In related news, VP Nadia Villeneuve sold 98,428 shares of Carrier Global stock in a transaction on Friday, May 10th. The stock was sold at an average price of $65.40, for a total transaction of $6,437,191.20. Following the completion of the transaction, the vice president now directly owns 85,028 shares of the company’s stock, valued at $5,560,831.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, VP Nadia Villeneuve sold 98,428 shares of Carrier Global stock in a transaction on Friday, May 10th. The stock was sold at an average price of $65.40, for a total transaction of $6,437,191.20. Following the completion of the transaction, the vice president now directly owns 85,028 shares of the company’s stock, valued at $5,560,831.20. The sale 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 Carrier Global stock in a transaction on 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 valued at $16,650,050 in the last three months. 6.95% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have commented on the company. Citigroup lifted their target price on Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Oppenheimer lifted their target price on Carrier Global from $63.00 to $64.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. TD Cowen lifted 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. Wells Fargo & Company lifted their target price on Carrier Global from $59.00 to $66.00 and gave the stock an “equal weight” rating in a report on Friday, April 26th. Finally, Robert W. Baird lifted their price objective on Carrier Global from $60.00 to $64.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $62.86.

Carrier Global Stock Up 0.6 %

Shares of CARR traded up $0.36 during mid-day trading on Friday, reaching $64.35. The company’s stock had a trading volume of 4,396,241 shares, compared to its average volume of 3,131,184. Carrier Global Co. has a 12-month low of $45.40 and a 12-month high of $66.50. The stock has a market cap of $57.98 billion, a PE ratio of 45.00, a price-to-earnings-growth ratio of 2.58 and a beta of 1.33. 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 company’s 50 day moving average is $61.50 and its 200 day moving average is $57.98.

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

Carrier Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 8th. Stockholders of record on Friday, June 21st will be issued a $0.19 dividend. The ex-dividend date is Friday, June 21st. This represents a $0.76 annualized dividend and a dividend yield of 1.18%. Carrier Global’s dividend payout ratio is currently 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.