Carrier Global Co. (NYSE:CARR) Shares Sold by Amalgamated Bank

Amalgamated Bank trimmed its stake in shares of Carrier Global Co. (NYSE:CARR) by 4.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 219,819 shares of the company’s stock after selling 9,834 shares during the quarter. Amalgamated Bank’s holdings in Carrier Global were worth $12,629,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in CARR. McClarren Financial Advisors Inc. boosted its stake in 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 buying an additional 202 shares in the last quarter. DiNuzzo Private Wealth Inc. bought a new position in shares of Carrier Global during the 4th quarter valued at about $25,000. OFI Invest Asset Management acquired a new position in shares of Carrier Global in the 3rd quarter worth approximately $28,000. Larson Financial Group LLC raised its holdings in shares of 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 purchasing an additional 221 shares in the last quarter. Finally, VisionPoint Advisory Group LLC acquired a new stake in Carrier Global during the third quarter valued at approximately $30,000. 91.00% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, VP Kevin J. O’connor sold 26,551 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $53.77, for a total transaction of $1,427,647.27. Following the transaction, the vice president now owns 66,083 shares in the company, valued at approximately $3,553,282.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Carrier Global news, insider Jurgen Timperman sold 159,915 shares of the company’s 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Kevin J. O’connor sold 26,551 shares of Carrier Global stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $53.77, for a total transaction of $1,427,647.27. Following the completion of the transaction, the vice president now directly owns 66,083 shares in the company, valued at approximately $3,553,282.91. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 541,005 shares of company stock worth $30,536,214. Insiders own 6.95% of the company’s stock.

Carrier Global Stock Up 1.9 %

CARR stock traded up $1.15 during midday trading on Friday, reaching $62.09. The company had a trading volume of 3,622,875 shares, compared to its average volume of 4,988,253. The company has a 50 day moving average of $57.32 and a two-hundred day moving average of $55.09. The company has a market capitalization of $55.94 billion, a P/E ratio of 43.42, a PEG ratio of 2.56 and a beta of 1.34. Carrier Global Co. has a 1 year low of $40.28 and a 1 year high of $63.79. The company has a current ratio of 1.36, a quick ratio of 0.99 and a debt-to-equity ratio of 1.31.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data 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 during 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%. On average, equities research analysts expect that Carrier Global Co. will post 2.85 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Friday, May 3rd will be paid a $0.19 dividend. The ex-dividend date is Thursday, May 2nd. This represents a $0.76 annualized dividend and a dividend yield of 1.22%. Carrier Global’s payout ratio is 53.15%.

Wall Street Analyst Weigh In

CARR has been the topic of several research reports. TD Cowen upped their price target on Carrier Global from $66.00 to $70.00 and gave the company a “buy” rating in a report on Monday, April 29th. Oppenheimer upped their target price on Carrier Global from $63.00 to $64.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Royal Bank of Canada cut their price objective on Carrier Global from $63.00 to $60.00 and set an “outperform” rating on the stock in a report on Wednesday, February 7th. Wells Fargo & Company upped their price objective on shares of Carrier Global from $59.00 to $66.00 and gave the company an “equal weight” rating in a research note on Friday, April 26th. Finally, Robert W. Baird lifted their target price on shares of Carrier Global from $60.00 to $64.00 and gave the stock a “neutral” rating in a research report on Friday. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Carrier Global presently has an average rating of “Hold” and an average price target of $62.71.

Carrier Global 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.