Xponance Inc. Decreases Position in Carrier Global Co. (NYSE:CARR)

Xponance Inc. cut its position in Carrier Global Co. (NYSE:CARR) by 19.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 107,413 shares of the company’s stock after selling 26,308 shares during the quarter. Xponance Inc.’s holdings in Carrier Global were worth $6,171,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of CARR. State Street Corp raised its holdings in shares of Carrier Global by 0.6% during the first quarter. State Street Corp now owns 33,147,448 shares of the company’s stock valued at $1,516,493,000 after purchasing an additional 206,839 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Carrier Global by 712.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 17,482,866 shares of the company’s stock valued at $799,843,000 after purchasing an additional 15,330,140 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Carrier Global by 2.0% during the first quarter. Geode Capital Management LLC now owns 17,377,066 shares of the company’s stock valued at $793,207,000 after purchasing an additional 342,215 shares during the last quarter. Nuveen Asset Management LLC raised its holdings in shares of Carrier Global by 16.0% during the second quarter. Nuveen Asset Management LLC now owns 15,917,718 shares of the company’s stock valued at $791,270,000 after purchasing an additional 2,197,116 shares during the last quarter. Finally, Morgan Stanley raised its holdings in shares of Carrier Global by 18.1% during the fourth quarter. Morgan Stanley now owns 9,414,230 shares of the company’s stock valued at $388,337,000 after purchasing an additional 1,443,747 shares during the last quarter. 91.00% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Carrier Global news, VP Kevin J. O’connor sold 26,551 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $53.77, for a total transaction of $1,427,647.27. Following the transaction, the vice president now directly owns 66,083 shares in the company, valued at approximately $3,553,282.91. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, VP Kevin J. O’connor sold 26,551 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $53.77, for a total value of $1,427,647.27. Following the sale, the vice president now directly owns 66,083 shares in the company, valued at approximately $3,553,282.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David L. Gitlin sold 354,539 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $54.16, for a total transaction of $19,201,832.24. Following the completion of the sale, the chief executive officer now owns 422,808 shares in the company, valued at $22,899,281.28. The disclosure for this sale can be found here. 6.95% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CARR shares. Wells Fargo & Company cut their target price on shares of Carrier Global from $63.00 to $57.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 7th. Citigroup boosted their target price on shares of Carrier Global from $60.00 to $63.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Oppenheimer restated an “outperform” rating and set a $63.00 target price on shares of Carrier Global in a research report on Thursday. Barclays upped their price target on shares of Carrier Global from $71.00 to $78.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Finally, Royal Bank of Canada dropped their price target on shares of Carrier Global from $63.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, February 7th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Carrier Global presently has a consensus rating of “Hold” and a consensus price target of $61.15.

Carrier Global Trading Up 0.3 %

CARR stock opened at $53.55 on Friday. The company has a market capitalization of $48.20 billion, a PE ratio of 33.89, a P/E/G ratio of 2.25 and a beta of 1.39. Carrier Global Co. has a 12 month low of $40.28 and a 12 month high of $60.87. The firm’s 50-day moving average is $56.36 and its 200 day moving average is $54.74. The company has a debt-to-equity ratio of 1.58, a current ratio of 2.73 and a quick ratio of 2.40.

Carrier Global (NYSE:CARR) last posted its quarterly earnings results on Tuesday, February 6th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.51 by $0.02. The company had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.22 billion. Carrier Global had a net margin of 6.10% and a return on equity of 27.19%. The firm’s revenue was down .1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.40 EPS. On average, research analysts anticipate that Carrier Global Co. will post 2.82 EPS for the current year.

Carrier Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Friday, May 3rd will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.42%. The ex-dividend date is Thursday, May 2nd. Carrier Global’s payout ratio is 48.10%.

About Carrier Global

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.