Victory Capital Management Inc. Sells 91,264 Shares of Carrier Global Co. (NYSE:CARR)

Victory Capital Management Inc. decreased its position in Carrier Global Co. (NYSE:CARR) by 2.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,581,993 shares of the company’s stock after selling 91,264 shares during the quarter. Victory Capital Management Inc.’s holdings in Carrier Global were worth $263,235,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of CARR. McClarren Financial Advisors Inc. boosted its position in Carrier Global by 86.7% during the fourth quarter. McClarren Financial Advisors Inc. now owns 435 shares of the company’s stock valued at $25,000 after buying an additional 202 shares during the period. 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 lifted its position 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 purchasing an additional 221 shares during the last quarter. VisionPoint Advisory Group LLC purchased a new stake in shares of Carrier Global during the third quarter valued at approximately $30,000. Finally, Criterion Capital Advisors LLC bought a new position in shares of Carrier Global in the fourth quarter worth approximately $32,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on CARR. TD Cowen increased 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. Barclays increased their target price on shares of Carrier Global from $78.00 to $79.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. Wells Fargo & Company raised their price target on Carrier Global from $59.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Friday, April 26th. Citigroup boosted their price objective 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. Finally, Oppenheimer raised their target price on shares of Carrier Global from $63.00 to $64.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $62.62.

Insider Buying and Selling at Carrier Global

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

Carrier Global Stock Performance

Shares of NYSE CARR traded down $0.57 during trading on Wednesday, reaching $60.92. 1,647,043 shares of the company traded hands, compared to its average volume of 4,868,043. The company has a quick ratio of 0.99, a current ratio of 1.36 and a debt-to-equity ratio of 1.31. The firm has a 50 day simple moving average of $56.88 and a 200-day simple moving average of $54.94. Carrier Global Co. has a 52-week low of $40.28 and a 52-week high of $63.79. The stock has a market capitalization of $54.89 billion, a PE ratio of 43.00, a P/E/G ratio of 2.64 and a beta of 1.39.

Carrier Global (NYSE:CARR) last posted its earnings results on Thursday, April 25th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.12. The business had revenue of $6.18 billion during the quarter, compared to the consensus estimate of $6.27 billion. Carrier Global had a net margin of 5.41% and a return on equity of 26.01%. Equities research analysts anticipate that Carrier Global Co. will post 2.84 earnings per share for the current 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 issued a dividend of $0.19 per share. The ex-dividend date is Thursday, May 2nd. This represents a $0.76 dividend on an annualized basis and a yield of 1.25%. Carrier Global’s dividend payout ratio is currently 53.15%.

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.