Carrier Global Co. (NYSE:CARR) Shares Sold by JB Capital LLC

JB Capital LLC lowered its position in shares of Carrier Global Co. (NYSE:CARR) by 4.2% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 56,228 shares of the company’s stock after selling 2,464 shares during the quarter. JB Capital LLC’s holdings in Carrier Global were worth $3,547,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in shares of Carrier Global by 280.1% during the 1st quarter. JPMorgan Chase & Co. now owns 23,098,687 shares of the company’s stock valued at $1,342,727,000 after purchasing an additional 17,021,768 shares in the last quarter. Norges Bank purchased a new stake in shares of Carrier Global during the 4th quarter worth about $444,487,000. Capital International Investors grew its position in shares of Carrier Global by 4.6% during the 1st quarter. Capital International Investors now owns 84,827,130 shares of the company’s stock valued at $4,931,001,000 after acquiring an additional 3,763,666 shares during the period. PineStone Asset Management Inc. increased its stake in shares of Carrier Global by 139.7% in the 2nd quarter. PineStone Asset Management Inc. now owns 6,418,883 shares of the company’s stock valued at $404,903,000 after purchasing an additional 3,741,206 shares in the last quarter. Finally, Capital Research Global Investors raised its holdings in Carrier Global by 3.3% in the 4th quarter. Capital Research Global Investors now owns 92,829,907 shares of the company’s stock worth $5,333,084,000 after purchasing an additional 2,961,923 shares during the period. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Trading Up 2.7 %

Shares of Carrier Global stock traded up $1.88 on Friday, reaching $71.46. The company had a trading volume of 1,724,922 shares, compared to its average volume of 4,299,668. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.80 and a current ratio of 1.08. The firm has a market cap of $64.39 billion, a PE ratio of 48.66, a PEG ratio of 2.63 and a beta of 1.32. The firm’s 50 day moving average price is $65.49 and its two-hundred day moving average price is $61.26. Carrier Global Co. has a 52-week low of $45.68 and a 52-week high of $71.52.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Thursday, July 25th. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02. Carrier Global had a net margin of 14.27% and a return on equity of 23.68%. The business had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.05 billion. During the same period last year, the business earned $0.79 EPS. The company’s revenue was up 11.7% on a year-over-year basis. Sell-side analysts predict that Carrier Global Co. will post 2.84 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 8th. Shareholders of record on Friday, June 21st were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend was Friday, June 21st. Carrier Global’s dividend payout ratio is currently 53.15%.

Analyst Ratings Changes

Several brokerages recently commented on CARR. 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. Wells Fargo & Company upped their price target on shares of Carrier Global from $59.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Friday, April 26th. Citigroup upgraded Carrier Global from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $65.00 to $74.00 in a research note on Monday, June 24th. Bank of America upgraded Carrier Global from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $55.00 to $72.00 in a report on Monday, July 29th. Finally, Barclays raised their price target on shares of Carrier Global from $79.00 to $81.00 and gave the stock an “overweight” rating in a research note on Friday, June 14th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $67.08.

Insider Activity

In other Carrier Global news, VP Ajay Agrawal sold 62,382 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $64.55, for a total transaction of $4,026,758.10. Following the transaction, the vice president now directly owns 103,066 shares of the company’s stock, valued at approximately $6,652,910.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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.