Carrier Global Co. (NYSE:CARR) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado cut its holdings in Carrier Global Co. (NYSE:CARR) by 7.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,051 shares of the company’s stock after selling 9,756 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Carrier Global were worth $6,688,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. grew its holdings in shares of Carrier Global by 128.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 66,036 shares of the company’s stock worth $3,794,000 after purchasing an additional 37,153 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Carrier Global by 83.7% during the fourth quarter. Blue Trust Inc. now owns 2,978 shares of the company’s stock worth $165,000 after buying an additional 1,357 shares during the last quarter. Global Retirement Partners LLC grew its holdings in shares of Carrier Global by 28.5% during the fourth quarter. Global Retirement Partners LLC now owns 4,097 shares of the company’s stock worth $229,000 after buying an additional 909 shares during the last quarter. Manning & Napier Group LLC purchased a new position in shares of Carrier Global during the fourth quarter worth about $456,000. Finally, Bensler LLC purchased a new position in shares of Carrier Global during the fourth quarter worth about $2,399,000. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CARR has been the topic of a number of analyst reports. Citigroup raised Carrier Global from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $65.00 to $74.00 in a report on Monday, June 24th. TD Cowen lifted their price target on shares of Carrier Global from $66.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, April 29th. Oppenheimer reduced their price target on shares of Carrier Global from $71.00 to $70.00 and set an “outperform” rating for the company in a research report on Friday. Robert W. Baird reduced their price target on shares of Carrier Global from $75.00 to $74.00 and set an “outperform” rating for the company in a research report on Friday. Finally, Barclays lifted their price target on shares of Carrier Global from $79.00 to $81.00 and gave the company an “overweight” rating in a research report on Friday, June 14th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $66.86.

Insider Buying and Selling

In other news, CAO Kyle Crockett sold 4,611 shares of the stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $66.39, for a total transaction of $306,124.29. Following the transaction, 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 legal filing with the SEC, which is accessible through this hyperlink. In other 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 value of $6,437,191.20. Following the completion of the sale, the vice president now directly owns 85,028 shares of the company’s stock, valued at approximately $5,560,831.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Kyle Crockett sold 4,611 shares of Carrier Global stock in a transaction 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 directly owns 2,042 shares of the company’s stock, valued at $135,568.38. The disclosure for this sale can be found here. Company insiders own 6.95% of the company’s stock.

Carrier Global Stock Up 1.0 %

Shares of Carrier Global stock traded up $0.66 during trading on Monday, reaching $67.43. The company had a trading volume of 2,075,594 shares, compared to its average volume of 4,455,559. The company has a market cap of $60.76 billion, a price-to-earnings ratio of 46.83, a price-to-earnings-growth ratio of 2.60 and a beta of 1.32. The firm’s fifty day moving average is $64.53 and its 200-day moving average is $59.94. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.80 and a current ratio of 1.08. Carrier Global Co. has a fifty-two week low of $45.68 and a fifty-two week high of $70.09.

Carrier Global (NYSE:CARR) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.02. Carrier Global had a return on equity of 23.68% and a net margin of 14.27%. The company had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.05 billion. During the same quarter in the prior year, the company earned $0.79 earnings per share. The firm’s revenue was up 11.7% on a year-over-year basis. On average, analysts anticipate that Carrier Global Co. will post 2.85 EPS for the current year.

Carrier Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 8th. Investors of record on Friday, June 21st will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.13%. The ex-dividend date is Friday, June 21st. Carrier Global’s dividend payout ratio is currently 53.15%.

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.