Montis Financial LLC Reduces Stock Position in Carrier Global Co. (NYSE:CARR)

Montis Financial LLC reduced its holdings in shares of Carrier Global Co. (NYSE:CARR) by 10.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,795 shares of the company’s stock after selling 431 shares during the quarter. Montis Financial LLC’s holdings in Carrier Global were worth $305,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Avity Investment Management Inc. boosted its stake in Carrier Global by 95.4% during the 3rd quarter. Avity Investment Management Inc. now owns 240,799 shares of the company’s stock valued at $19,382,000 after acquiring an additional 117,545 shares during the last quarter. Valeo Financial Advisors LLC raised its stake in shares of Carrier Global by 1.5% in the 3rd quarter. Valeo Financial Advisors LLC now owns 12,244 shares of the company’s stock valued at $986,000 after purchasing an additional 179 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of Carrier Global by 359.3% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 6,729 shares of the company’s stock worth $542,000 after purchasing an additional 5,264 shares during the last quarter. Contravisory Investment Management Inc. grew its stake in Carrier Global by 0.6% in the third quarter. Contravisory Investment Management Inc. now owns 129,957 shares of the company’s stock worth $10,460,000 after purchasing an additional 794 shares in the last quarter. Finally, Boston Common Asset Management LLC increased its holdings in Carrier Global by 4.9% in the third quarter. Boston Common Asset Management LLC now owns 305,174 shares of the company’s stock valued at $24,563,000 after buying an additional 14,239 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Insiders Place Their Bets

In other Carrier Global news, VP Ajay Agrawal sold 62,382 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the vice president now directly owns 103,066 shares in the company, valued at $6,652,910.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.95% of the stock is owned by insiders.

Carrier Global Stock Performance

CARR opened at $81.61 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.80 and a debt-to-equity ratio of 0.80. The business’s 50 day moving average is $73.54 and its 200-day moving average is $66.38. The stock has a market cap of $73.67 billion, a PE ratio of 21.76, a price-to-earnings-growth ratio of 2.94 and a beta of 1.32. Carrier Global Co. has a twelve month low of $45.68 and a twelve month high of $82.16.

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

Carrier Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Friday, October 25th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, October 25th. This represents a $0.76 annualized dividend and a yield of 0.93%. Carrier Global’s payout ratio is 20.27%.

Analysts Set New Price Targets

Several brokerages have recently commented on CARR. Bank of America lifted their target price on Carrier Global from $72.00 to $80.00 and gave the stock a “neutral” rating in a research report on Friday, September 13th. Wolfe Research upgraded shares of Carrier Global from an “underperform” rating to a “peer perform” rating in a research note on Friday, September 6th. Baird R W raised shares of Carrier Global from a “hold” rating to a “strong-buy” rating in a report on Monday, July 15th. Royal Bank of Canada lifted their price target on shares of Carrier Global from $72.00 to $79.00 and gave the company an “outperform” rating in a report on Thursday, September 5th. Finally, Morgan Stanley began coverage on shares of Carrier Global in a research note on Friday, September 6th. They set an “equal weight” rating and a $75.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Carrier Global currently has an average rating of “Moderate Buy” and a consensus price target of $79.50.

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.