Ameritas Investment Partners Inc. Lowers Stock Holdings in Carrier Global Co. (NYSE:CARR)

Ameritas Investment Partners Inc. reduced its position in shares of Carrier Global Co. (NYSE:CARR) by 3.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,037 shares of the company’s stock after selling 287 shares during the period. Ameritas Investment Partners Inc.’s holdings in Carrier Global were worth $525,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Rockport Wealth LLC acquired a new stake in shares of Carrier Global in the first quarter valued at $478,000. Bahl & Gaynor Inc. raised its stake in shares of Carrier Global by 2.2% in the first quarter. Bahl & Gaynor Inc. now owns 103,363 shares of the company’s stock valued at $6,008,000 after acquiring an additional 2,181 shares in the last quarter. Covestor Ltd raised its stake in shares of Carrier Global by 37.6% in the first quarter. Covestor Ltd now owns 2,209 shares of the company’s stock valued at $129,000 after acquiring an additional 604 shares in the last quarter. Edgestream Partners L.P. raised its stake in shares of Carrier Global by 52.5% in the first quarter. Edgestream Partners L.P. now owns 66,842 shares of the company’s stock valued at $3,886,000 after acquiring an additional 23,021 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Carrier Global by 0.5% in the first quarter. Vanguard Group Inc. now owns 94,289,980 shares of the company’s stock valued at $5,481,077,000 after acquiring an additional 466,829 shares in the last quarter. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Carrier Global Stock Performance

Shares of NYSE CARR traded down $1.51 during midday trading on Wednesday, reaching $66.76. 2,457,573 shares of the company were exchanged, compared to its average volume of 4,435,623. 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 $70.09. The stock has a fifty day simple moving average of $64.49 and a 200 day simple moving average of $59.74. The stock has a market cap of $60.15 billion, a P/E ratio of 47.14, a PEG ratio of 2.65 and a beta of 1.32.

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. Carrier Global had a return on equity of 26.01% and a net margin of 5.41%. The firm had revenue of $6.18 billion for the quarter, compared to analyst estimates of $6.27 billion. On average, research analysts forecast that Carrier Global Co. will post 2.85 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The firm also recently disclosed 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. This represents a $0.76 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Friday, June 21st. Carrier Global’s dividend payout ratio is presently 53.15%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CARR. Oppenheimer increased their price objective on Carrier Global from $64.00 to $71.00 and gave the company an “outperform” rating in a research note on Thursday, June 27th. Baird R W upgraded Carrier Global from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 15th. Wells Fargo & Company raised their price target on Carrier Global from $59.00 to $66.00 and gave the company an “equal weight” rating in a research note on Friday, April 26th. Robert W. Baird upgraded Carrier Global from a “neutral” rating to an “outperform” rating and raised their price target for the company from $64.00 to $75.00 in a research note on Monday, July 15th. Finally, Barclays raised their price target on Carrier Global from $79.00 to $81.00 and gave the company an “overweight” rating in a research note on Friday, June 14th. Three analysts have rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Carrier Global has a consensus rating of “Hold” and an average price target of $64.93.

Insider Buying and Selling at Carrier Global

In other Carrier Global news, CAO Kyle Crockett sold 4,611 shares of Carrier Global stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $66.39, for a total value of $306,124.29. Following the sale, the chief accounting officer now owns 2,042 shares of the company’s stock, valued at approximately $135,568.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Nadia Villeneuve sold 98,428 shares of Carrier Global stock in a transaction that occurred 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 in the company, valued at approximately $5,560,831.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Kyle Crockett sold 4,611 shares of Carrier Global stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $66.39, for a total value of $306,124.29. Following the transaction, the chief accounting officer now owns 2,042 shares of the company’s stock, valued at $135,568.38. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 262,954 shares of company stock valued at $16,650,050. 6.95% of the stock is owned by corporate insiders.

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.