Carrier Global Co. (NYSE:CARR) Shares Sold by Venture Visionary Partners LLC

Venture Visionary Partners LLC lessened its holdings in shares of Carrier Global Co. (NYSE:CARR) by 1.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,602 shares of the company’s stock after selling 570 shares during the period. Venture Visionary Partners LLC’s holdings in Carrier Global were worth $3,590,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in CARR. Olistico Wealth LLC acquired a new position in Carrier Global during the 2nd quarter valued at about $25,000. Meeder Asset Management Inc. raised its holdings in Carrier Global by 675.0% during the second quarter. Meeder Asset Management Inc. now owns 465 shares of the company’s stock worth $29,000 after purchasing an additional 405 shares in the last quarter. EdgeRock Capital LLC bought a new position in Carrier Global during the 2nd quarter valued at $32,000. Register Financial Advisors LLC acquired a new position in shares of Carrier Global during the 1st quarter valued at $34,000. Finally, Hantz Financial Services Inc. bought a new stake in shares of Carrier Global in the 2nd quarter worth $35,000. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Carrier Global Stock Down 0.2 %

CARR stock traded down $0.17 during mid-day trading on Monday, hitting $81.38. The stock had a trading volume of 2,364,245 shares, compared to its average volume of 4,121,945. The stock has a market capitalization of $73.32 billion, a price-to-earnings ratio of 56.93, a PEG ratio of 2.94 and a beta of 1.32. The company has a current ratio of 1.08, a quick ratio of 0.80 and a debt-to-equity ratio of 0.80. Carrier Global Co. has a 1-year low of $45.68 and a 1-year high of $83.32. The company has a fifty day moving average of $75.32 and a 200 day moving average of $67.30.

Carrier Global (NYSE:CARR) last issued its quarterly earnings data 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 analyst estimates of $7.05 billion. Carrier Global had a net margin of 14.27% and a return on equity of 23.68%. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.79 earnings per share. On average, equities analysts expect that Carrier Global Co. will post 2.85 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Friday, October 25th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend is Friday, October 25th. Carrier Global’s payout ratio is 53.15%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Baird R W raised Carrier Global from a “hold” rating to a “strong-buy” rating in a report on Monday, July 15th. Wells Fargo & Company increased their target price on shares of Carrier Global from $73.00 to $82.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th. Robert W. Baird cut their price objective on Carrier Global from $75.00 to $74.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. Morgan Stanley assumed coverage on Carrier Global in a report on Friday, September 6th. They issued an “equal weight” rating and a $75.00 target price on the stock. Finally, Bank of America upped their target price on Carrier Global from $80.00 to $90.00 and gave the company a “neutral” rating in a report on Friday. Seven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $80.67.

Insider Buying and Selling at Carrier Global

In other news, VP Ajay Agrawal sold 62,382 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $64.55, for a total transaction of $4,026,758.10. Following the completion of the sale, the vice president now owns 103,066 shares in the company, valued at approximately $6,652,910.30. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 6.95% of the company’s stock.

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.