Hohimer Wealth Management LLC Sells 1,060 Shares of Carrier Global Co. (NYSE:CARR)

Hohimer Wealth Management LLC lowered its stake in Carrier Global Co. (NYSE:CARR) by 4.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 21,896 shares of the company’s stock after selling 1,060 shares during the period. Hohimer Wealth Management LLC’s holdings in Carrier Global were worth $1,258,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Ontario Teachers Pension Plan Board raised its stake in Carrier Global by 339.2% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 41,976 shares of the company’s stock worth $2,412,000 after buying an additional 32,418 shares during the period. Dai ichi Life Insurance Company Ltd increased its holdings in Carrier Global by 74.2% during the 4th quarter. Dai ichi Life Insurance Company Ltd now owns 57,824 shares of the company’s stock worth $3,322,000 after purchasing an additional 24,625 shares in the last quarter. Aigen Investment Management LP bought a new position in Carrier Global during the 4th quarter worth about $1,391,000. Assetmark Inc. increased its holdings in Carrier Global by 84.0% during the 4th quarter. Assetmark Inc. now owns 192,700 shares of the company’s stock worth $11,071,000 after purchasing an additional 87,996 shares in the last quarter. Finally, CreativeOne Wealth LLC bought a new position in Carrier Global during the 4th quarter worth about $2,052,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Analyst Upgrades and Downgrades

CARR has been the subject of several analyst reports. Barclays raised their price objective on Carrier Global from $78.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Royal Bank of Canada decreased their price objective on Carrier Global from $63.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, February 7th. Citigroup raised their price objective on Carrier Global from $60.00 to $63.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Oppenheimer raised their price objective on Carrier Global from $63.00 to $64.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Finally, TD Cowen raised their price objective on Carrier Global from $66.00 to $70.00 and gave the company a “buy” rating in a report on Monday, April 29th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $62.71.

Carrier Global Stock Down 1.4 %

Shares of NYSE CARR traded down $0.90 during trading on Thursday, hitting $64.45. 1,355,384 shares of the company traded hands, compared to its average volume of 4,668,570. The business’s fifty day moving average is $59.49 and its 200 day moving average is $56.62. Carrier Global Co. has a fifty-two week low of $40.49 and a fifty-two week high of $66.50. The firm has a market capitalization of $58.07 billion, a price-to-earnings ratio of 45.58, a P/E/G ratio of 2.67 and a beta of 1.34. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.99 and a current ratio of 1.36.

Carrier Global (NYSE:CARR) last issued its quarterly earnings data on Thursday, April 25th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.12. Carrier Global had a net margin of 5.41% and a return on equity of 26.01%. The business had revenue of $6.18 billion during the quarter, compared to the consensus estimate of $6.27 billion. Equities research analysts predict that Carrier Global Co. will post 2.85 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Friday, May 3rd were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date was Thursday, May 2nd. Carrier Global’s dividend payout ratio is currently 53.15%.

Insider Activity

In other news, VP Nadia Villeneuve sold 98,428 shares of Carrier Global stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $65.40, for a total transaction of $6,437,191.20. Following the sale, the vice president now owns 85,028 shares of the company’s stock, valued at approximately $5,560,831.20. 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, insider Jurgen Timperman sold 159,915 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $61.95, for a total value of $9,906,734.25. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Nadia Villeneuve sold 98,428 shares of the company’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $65.40, for a total transaction of $6,437,191.20. Following the completion of the sale, the vice president now owns 85,028 shares in the company, valued at approximately $5,560,831.20. The disclosure for this sale can be found here. Insiders own 6.95% of the company’s stock.

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.