Courier Capital LLC Sells 1,450 Shares of Carrier Global Co. (NYSE:CARR)

Courier Capital LLC lessened its holdings in shares of Carrier Global Co. (NYSE:CARR) by 13.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,571 shares of the company’s stock after selling 1,450 shares during the quarter. Courier Capital LLC’s holdings in Carrier Global were worth $556,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Federated Hermes Inc. boosted its holdings in Carrier Global by 72.1% during the 3rd quarter. Federated Hermes Inc. now owns 3,899 shares of the company’s stock worth $215,000 after acquiring an additional 1,634 shares during the last quarter. Natixis Advisors L.P. boosted its holdings in Carrier Global by 24.3% during the 3rd quarter. Natixis Advisors L.P. now owns 201,904 shares of the company’s stock worth $11,145,000 after acquiring an additional 39,508 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in Carrier Global by 46.5% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 30,639 shares of the company’s stock worth $1,691,000 after acquiring an additional 9,719 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in Carrier Global by 94.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 62,214 shares of the company’s stock worth $3,434,000 after acquiring an additional 30,204 shares during the last quarter. Finally, Bank of Nova Scotia boosted its holdings in shares of Carrier Global by 12.8% in the 3rd quarter. Bank of Nova Scotia now owns 89,007 shares of the company’s stock worth $4,913,000 after buying an additional 10,114 shares during the last quarter. Institutional investors own 91.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Robert W. Baird boosted their price target on shares of Carrier Global from $60.00 to $64.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. TD Cowen boosted their price target on shares of Carrier Global from $66.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, April 29th. Citigroup raised shares of Carrier Global from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $65.00 to $74.00 in a report on Monday. Barclays boosted their price target on shares of Carrier Global from $79.00 to $81.00 and gave the stock an “overweight” rating in a report on Friday, June 14th. Finally, Oppenheimer boosted their price objective on Carrier Global from $64.00 to $71.00 and gave the company an “outperform” rating in a research note on Thursday. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $64.14.

Carrier Global Price Performance

Shares of CARR stock traded down $0.15 during trading on Friday, hitting $63.08. The company had a trading volume of 17,667,354 shares, compared to its average volume of 4,593,824. 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 stock’s 50-day moving average is $62.99 and its two-hundred day moving average is $58.65. The stock has a market capitalization of $56.84 billion, a price-to-earnings ratio of 43.85, a price-to-earnings-growth ratio of 2.54 and a beta of 1.33. Carrier Global Co. has a 52 week low of $45.68 and a 52 week high of $66.50.

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

Carrier Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 8th. Shareholders of record on Friday, June 21st will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend is Friday, June 21st. Carrier Global’s dividend payout ratio is currently 53.15%.

Insider Activity

In other news, insider Jurgen Timperman sold 159,915 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $61.95, for a total transaction of $9,906,734.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Jurgen Timperman sold 159,915 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $61.95, for a total transaction of $9,906,734.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Nadia Villeneuve sold 98,428 shares of the firm’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $65.40, for a total value of $6,437,191.20. Following the transaction, the vice president now owns 85,028 shares of the company’s stock, valued at $5,560,831.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 262,954 shares of company stock valued at $16,650,050. 6.95% of the stock is currently owned by company insiders.

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.