Carrier Global Co. (NYSE:CARR) Shares Sold by Paladin Advisory Group LLC

Paladin Advisory Group LLC lowered its holdings in Carrier Global Co. (NYSE:CARR) by 43.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,292 shares of the company’s stock after selling 1,002 shares during the quarter. Paladin Advisory Group LLC’s holdings in Carrier Global were worth $74,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Andrew Hill Investment Advisors Inc. purchased a new stake in shares of Carrier Global during the 4th quarter worth $2,081,000. Sterling Financial Planning Inc. purchased a new stake in shares of Carrier Global during the 4th quarter worth $287,000. Fidelis Capital Partners LLC boosted its position in shares of Carrier Global by 11.7% during the 4th quarter. Fidelis Capital Partners LLC now owns 8,035 shares of the company’s stock worth $462,000 after purchasing an additional 841 shares in the last quarter. AIA Group Ltd boosted its position in shares of Carrier Global by 16.5% in the 4th quarter. AIA Group Ltd now owns 98,959 shares of the company’s stock worth $5,685,000 after buying an additional 14,003 shares in the last quarter. Finally, CapWealth Advisors LLC boosted its position in shares of Carrier Global by 0.5% in the 4th quarter. CapWealth Advisors LLC now owns 99,020 shares of the company’s stock worth $5,689,000 after buying an additional 471 shares in the last quarter. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Oppenheimer reiterated an “outperform” rating and issued a $63.00 price objective on shares of Carrier Global in a research report on Thursday. Wells Fargo & Company decreased their price objective on shares of Carrier Global from $63.00 to $57.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 7th. Barclays boosted their price objective on shares of Carrier Global from $71.00 to $78.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Citigroup boosted their price objective on shares of Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Finally, Royal Bank of Canada decreased their price objective on shares of Carrier Global from $63.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 7th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $61.15.

Insider Transactions at Carrier Global

In other news, CEO David L. Gitlin sold 354,539 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $54.16, for a total transaction of $19,201,832.24. Following the completion of the sale, the chief executive officer now owns 422,808 shares in the company, valued at approximately $22,899,281.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Kevin J. O’connor sold 26,551 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $53.77, for a total transaction of $1,427,647.27. Following the completion of the sale, the vice president now owns 66,083 shares in the company, valued at approximately $3,553,282.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David L. Gitlin sold 354,539 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $54.16, for a total value of $19,201,832.24. Following the sale, the chief executive officer now owns 422,808 shares of the company’s stock, valued at approximately $22,899,281.28. The disclosure for this sale can be found here. Company insiders own 6.95% of the company’s stock.

Carrier Global Trading Up 0.3 %

Shares of NYSE CARR traded up $0.17 on Friday, reaching $53.55. 3,576,696 shares of the company traded hands, compared to its average volume of 4,670,742. Carrier Global Co. has a fifty-two week low of $40.28 and a fifty-two week high of $60.87. The company has a 50 day moving average of $56.41 and a 200 day moving average of $54.75. The company has a current ratio of 2.73, a quick ratio of 2.40 and a debt-to-equity ratio of 1.58. The stock has a market capitalization of $48.20 billion, a PE ratio of 33.79, a P/E/G ratio of 2.29 and a beta of 1.39.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data on Tuesday, February 6th. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.02. Carrier Global had a net margin of 6.10% and a return on equity of 27.19%. The company had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.22 billion. During the same quarter in the prior year, the company posted $0.40 EPS. The company’s quarterly revenue was down .1% compared to the same quarter last year. On average, equities research analysts forecast that Carrier Global Co. will post 2.82 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Friday, May 3rd will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date is Thursday, May 2nd. Carrier Global’s payout ratio is currently 48.10%.

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.