Carrier Global Co. (NYSE:CARR) Shares Sold by Clear Harbor Asset Management LLC

Clear Harbor Asset Management LLC decreased its position in shares of Carrier Global Co. (NYSE:CARR) by 23.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,749 shares of the company’s stock after selling 1,450 shares during the quarter. Clear Harbor Asset Management LLC’s holdings in Carrier Global were worth $300,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CARR. Vanguard Group Inc. grew its holdings in Carrier Global by 0.5% during the first quarter. Vanguard Group Inc. now owns 94,289,980 shares of the company’s stock worth $5,481,077,000 after acquiring an additional 466,829 shares during the period. Capital Research Global Investors increased its holdings in shares of Carrier Global by 3.3% during the 4th quarter. Capital Research Global Investors now owns 92,829,907 shares of the company’s stock valued at $5,333,084,000 after purchasing an additional 2,961,923 shares in the last quarter. Capital International Investors lifted its stake in shares of Carrier Global by 4.6% in the 1st quarter. Capital International Investors now owns 84,827,130 shares of the company’s stock valued at $4,931,001,000 after purchasing an additional 3,763,666 shares during the period. JPMorgan Chase & Co. boosted its holdings in Carrier Global by 280.1% during the first quarter. JPMorgan Chase & Co. now owns 23,098,687 shares of the company’s stock worth $1,342,727,000 after buying an additional 17,021,768 shares in the last quarter. Finally, Fisher Asset Management LLC grew its position in Carrier Global by 2.4% during the fourth quarter. Fisher Asset Management LLC now owns 13,307,231 shares of the company’s stock valued at $764,500,000 after buying an additional 310,453 shares during the period. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Trading Down 1.2 %

NYSE CARR traded down $0.83 on Friday, reaching $67.57. The stock had a trading volume of 2,280,339 shares, compared to its average volume of 4,356,457. Carrier Global Co. has a 12-month low of $45.68 and a 12-month high of $70.09. The stock has a fifty day moving average price of $64.93 and a two-hundred day moving average price of $60.81. The firm has a market capitalization of $60.88 billion, a price-to-earnings ratio of 47.83, a P/E/G ratio of 2.63 and a beta of 1.32. The company has a quick ratio of 0.80, a current ratio of 1.08 and a debt-to-equity ratio of 0.80.

Carrier Global (NYSE:CARR) last posted its earnings results on Thursday, July 25th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.02. The firm had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.05 billion. Carrier Global had a return on equity of 23.68% and a net margin of 14.27%. Carrier Global’s revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.79 EPS. As a group, sell-side analysts forecast that Carrier Global Co. will post 2.84 EPS for the current fiscal year.

Carrier Global Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 8th. Shareholders of record on Friday, June 21st were paid a $0.19 dividend. The ex-dividend date of this dividend was Friday, June 21st. This represents a $0.76 annualized dividend and a dividend yield of 1.12%. Carrier Global’s dividend payout ratio (DPR) is 53.15%.

Insiders Place Their Bets

In other Carrier Global news, VP Ajay Agrawal sold 62,382 shares of the stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $64.55, for a total value of $4,026,758.10. Following the sale, the vice president now owns 103,066 shares of the company’s stock, valued at approximately $6,652,910.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CAO Kyle Crockett sold 4,611 shares of the 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 transaction, the chief accounting officer now owns 2,042 shares of the company’s stock, valued at $135,568.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Ajay Agrawal sold 62,382 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $64.55, for a total value of $4,026,758.10. Following the completion of the sale, the vice president now owns 103,066 shares in the company, valued at $6,652,910.30. The disclosure for this sale can be found here. Insiders own 6.95% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CARR. Citigroup raised Carrier Global from a “neutral” rating to a “buy” rating and upped their target price for the stock from $65.00 to $74.00 in a research note on Monday, June 24th. TD Cowen increased their price objective on shares of Carrier Global from $66.00 to $70.00 and gave the company a “buy” rating in a report on Monday, April 29th. Robert W. Baird cut their target price on shares of Carrier Global from $75.00 to $74.00 and set an “outperform” rating for the company in a research note on Friday, July 26th. Wells Fargo & Company upped 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. Finally, Baird R W raised shares of Carrier Global from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 15th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $67.08.

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.