Carrier Global Co. (NYSE:CARR) CAO Kyle Crockett Sells 4,611 Shares

Carrier Global Co. (NYSE:CARR) CAO Kyle Crockett sold 4,611 shares of Carrier Global stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $66.39, for a total value of $306,124.29. Following the completion of the sale, the chief accounting officer now directly owns 2,042 shares of the company’s stock, valued at approximately $135,568.38. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Carrier Global Trading Down 1.5 %

NYSE CARR traded down $1.00 during trading on Thursday, hitting $64.35. 2,764,620 shares of the company’s stock traded hands, compared to its average volume of 4,683,758. The firm has a market cap of $57.98 billion, a P/E ratio of 45.58, a PEG ratio of 2.67 and a beta of 1.34. The stock has a fifty day moving average of $59.49 and a two-hundred day moving average of $56.62. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.36 and a quick ratio of 0.99. Carrier Global Co. has a 12-month low of $40.49 and a 12-month high of $66.50.

Carrier Global (NYSE:CARR) last posted its quarterly earnings results on Thursday, April 25th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.12. The business had revenue of $6.18 billion for the quarter, compared to analyst estimates of $6.27 billion. Carrier Global had a return on equity of 26.01% and a net margin of 5.41%. As a group, sell-side analysts expect that Carrier Global Co. will post 2.85 EPS for the current year.

Carrier Global Dividend Announcement

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

Institutional Investors Weigh In On Carrier Global

Several institutional investors have recently added to or reduced their stakes in the company. McClarren Financial Advisors Inc. raised its stake in shares of 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 acquiring an additional 202 shares during the last quarter. DiNuzzo Private Wealth Inc. purchased a new position in Carrier Global during the 4th quarter valued at about $25,000. EdgeRock Capital LLC bought a new position in Carrier Global during the 4th quarter valued at approximately $27,000. Larson Financial Group LLC lifted its holdings in Carrier Global by 76.2% in the 3rd quarter. Larson Financial Group LLC now owns 511 shares of the company’s stock worth $28,000 after buying an additional 221 shares during the period. Finally, VisionPoint Advisory Group LLC bought a new stake in shares of Carrier Global in the 3rd quarter worth approximately $30,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CARR shares. Royal Bank of Canada reduced their target price on shares of Carrier Global from $63.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, February 7th. Oppenheimer boosted their target price on shares of Carrier Global from $63.00 to $64.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Barclays raised their price target on Carrier Global from $78.00 to $79.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. TD Cowen increased their price objective on Carrier Global from $66.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, April 29th. Finally, Wells Fargo & Company lifted their target price on Carrier Global from $59.00 to $66.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Carrier Global presently has an average rating of “Hold” and a consensus price target of $62.71.

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.