Foster & Motley Inc. Has $792,000 Stake in Carrier Global Co. (NYSE:CARR)

Foster & Motley Inc. reduced its position in shares of Carrier Global Co. (NYSE:CARR) by 5.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 13,788 shares of the company’s stock after selling 735 shares during the quarter. Foster & Motley Inc.’s holdings in Carrier Global were worth $792,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in CARR. OFI Invest Asset Management bought a new stake in shares of Carrier Global in the 3rd quarter valued at about $28,000. Larson Financial Group LLC raised its stake in Carrier Global by 76.2% in the third quarter. Larson Financial Group LLC now owns 511 shares of the company’s stock valued at $28,000 after buying an additional 221 shares during the period. VisionPoint Advisory Group LLC acquired a new stake in shares of Carrier Global in the third quarter valued at approximately $30,000. GHP Investment Advisors Inc. increased its holdings in shares of Carrier Global by 205.1% during the 3rd quarter. GHP Investment Advisors Inc. now owns 595 shares of the company’s stock worth $31,000 after acquiring an additional 400 shares during the last quarter. Finally, Criterion Capital Advisors LLC bought a new stake in Carrier Global in the 4th quarter valued at $32,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Analyst Ratings Changes

CARR has been the subject of a number of research analyst reports. Royal Bank of Canada reduced their price objective 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. Oppenheimer reiterated an “outperform” rating and issued a $63.00 price target on shares of Carrier Global in a research note on Thursday, April 18th. Citigroup raised their price objective on shares of Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Barclays upped their target price on Carrier Global from $71.00 to $78.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Finally, Wells Fargo & Company reduced their price target on Carrier Global from $63.00 to $57.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 7th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $61.15.

Carrier Global Stock Up 2.9 %

CARR stock opened at $55.17 on Wednesday. The company has a market cap of $49.66 billion, a PE ratio of 34.92, a price-to-earnings-growth ratio of 2.26 and a beta of 1.39. The company has a quick ratio of 2.40, a current ratio of 2.73 and a debt-to-equity ratio of 1.58. Carrier Global Co. has a 52 week low of $40.28 and a 52 week high of $60.87. The business has a 50-day simple moving average of $56.34 and a 200 day simple moving average of $54.76.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Tuesday, February 6th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.02. The business had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $5.22 billion. Carrier Global had a net margin of 6.10% and a return on equity of 27.19%. The firm’s quarterly revenue was down .1% compared to the same quarter last year. During the same period last year, the firm posted $0.40 earnings per share. Sell-side analysts anticipate that Carrier Global Co. will post 2.82 EPS for the current fiscal year.

Carrier Global Announces Dividend

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 paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend is Thursday, May 2nd. Carrier Global’s payout ratio is 48.10%.

Insider Transactions at Carrier Global

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

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.