Donaldson Capital Management LLC Sells 736 Shares of Carrier Global Co. (NYSE:CARR)

Donaldson Capital Management LLC lessened its position in shares of Carrier Global Co. (NYSE:CARR) by 9.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,948 shares of the company’s stock after selling 736 shares during the period. Donaldson Capital Management LLC’s holdings in Carrier Global were worth $404,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of CARR. Capital Research Global Investors boosted its holdings in shares of Carrier Global by 3.3% during the 4th quarter. Capital Research Global Investors now owns 92,829,907 shares of the company’s stock worth $5,333,084,000 after buying an additional 2,961,923 shares in the last quarter. Capital International Investors increased its stake in Carrier Global by 0.6% in the fourth quarter. Capital International Investors now owns 81,063,464 shares of the company’s stock valued at $4,657,260,000 after purchasing an additional 443,568 shares in the last quarter. Fisher Asset Management LLC raised its holdings in shares of Carrier Global by 2.4% during the fourth quarter. Fisher Asset Management LLC now owns 13,307,231 shares of the company’s stock valued at $764,500,000 after purchasing an additional 310,453 shares during the period. Northern Trust Corp boosted its position in shares of Carrier Global by 3.4% during the 3rd quarter. Northern Trust Corp now owns 8,941,301 shares of the company’s stock worth $493,560,000 after purchasing an additional 289,973 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Carrier Global during the 4th quarter worth about $444,487,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Insider Buying and Selling

In other news, CEO David L. Gitlin sold 354,539 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were 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 SEC, which is available at the SEC website. In related 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 value of $1,427,647.27. Following the sale, the vice president now directly 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 is available at this hyperlink. Also, CEO David L. Gitlin sold 354,539 shares of the 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 transaction, 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. 6.95% of the stock is currently owned by corporate insiders.

Carrier Global Stock Performance

Shares of Carrier Global stock traded up $0.69 during mid-day trading on Friday, hitting $60.50. 6,684,176 shares of the stock were exchanged, compared to its average volume of 4,318,700. The company has a market capitalization of $54.46 billion, a P/E ratio of 42.31, a P/E/G ratio of 2.50 and a beta of 1.39. The company has a debt-to-equity ratio of 1.31, a quick ratio of 2.40 and a current ratio of 1.36. The company has a 50-day simple moving average of $56.54 and a 200 day simple moving average of $54.83. Carrier Global Co. has a 12 month low of $40.28 and a 12 month high of $60.87.

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 business had revenue of $6.18 billion for the quarter, compared to analysts’ expectations of $6.27 billion. Carrier Global had a return on equity of 26.01% and a net margin of 5.41%. Sell-side analysts anticipate that Carrier Global Co. will post 2.84 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Friday, May 3rd will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $0.76 annualized dividend and a yield of 1.26%. Carrier Global’s payout ratio is currently 53.15%.

Analyst Ratings Changes

A number of research analysts recently weighed in on CARR shares. Oppenheimer upped their price target on Carrier Global from $63.00 to $64.00 and gave the stock an “outperform” rating in a research note on Friday. Royal Bank of Canada lowered their target price on Carrier Global from $63.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 7th. Citigroup lifted their price target on shares of Carrier Global from $60.00 to $63.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Barclays upped their price objective on shares of Carrier Global from $78.00 to $79.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Wells Fargo & Company lifted their price objective on shares of Carrier Global from $59.00 to $66.00 and gave the company an “equal weight” rating in a report on Friday. Three analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Carrier Global presently has an average rating of “Hold” and a consensus target price of $62.00.

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.