Baker Chad R Has $16.73 Million Holdings in Carrier Global Co. (NYSE:CARR)

Baker Chad R decreased its holdings in shares of Carrier Global Co. (NYSE:CARR) by 2.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 263,900 shares of the company’s stock after selling 7,585 shares during the quarter. Carrier Global comprises approximately 3.4% of Baker Chad R’s holdings, making the stock its 8th largest position. Baker Chad R’s holdings in Carrier Global were worth $16,731,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its stake in Carrier Global by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 17,357,770 shares of the company’s stock valued at $1,181,300,000 after purchasing an additional 420,081 shares during the period. Fisher Asset Management LLC lifted its position in shares of Carrier Global by 0.3% in the 4th quarter. Fisher Asset Management LLC now owns 14,313,331 shares of the company’s stock worth $977,028,000 after acquiring an additional 46,222 shares during the period. Northern Trust Corp lifted its position in shares of Carrier Global by 16.7% in the 4th quarter. Northern Trust Corp now owns 8,847,377 shares of the company’s stock worth $603,922,000 after acquiring an additional 1,266,137 shares during the period. Norges Bank bought a new stake in shares of Carrier Global in the 4th quarter worth approximately $588,029,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Carrier Global by 15.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,930,061 shares of the company’s stock worth $473,046,000 after acquiring an additional 936,892 shares during the period. Institutional investors own 91.00% of the company’s stock.

Insider Activity at Carrier Global

In related news, Director Maximilian Viessmann sold 4,267,425 shares of the firm’s stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $70.30, for a total transaction of $299,999,977.50. Following the completion of the sale, the director now directly owns 54,341,534 shares of the company’s stock, valued at $3,820,209,840.20. This trade represents a 7.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 7.20% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the company. Citigroup reduced their price objective on Carrier Global from $89.00 to $72.00 and set a “buy” rating for the company in a research report on Monday, April 14th. The Goldman Sachs Group reiterated a “buy” rating on shares of Carrier Global in a research report on Wednesday, May 21st. JPMorgan Chase & Co. raised their price objective on Carrier Global from $66.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, May 16th. Barclays raised their price objective on Carrier Global from $83.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 7th. Finally, Wells Fargo & Company raised their price objective on Carrier Global from $65.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Monday, May 5th. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $83.00.

Carrier Global Price Performance

Carrier Global stock opened at $72.46 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96. The company has a market capitalization of $62.12 billion, a PE ratio of 11.54, a price-to-earnings-growth ratio of 2.01 and a beta of 1.33. Carrier Global Co. has a one year low of $54.22 and a one year high of $83.32. The business has a 50 day simple moving average of $67.25 and a 200 day simple moving average of $67.58.

Carrier Global (NYSE:CARR) last posted its earnings results on Thursday, May 1st. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.58 by $0.07. The business had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $5.17 billion. Carrier Global had a return on equity of 18.82% and a net margin of 23.83%. Carrier Global’s revenue was down 3.7% on a year-over-year basis. During the same quarter last year, the company earned $0.51 EPS. On average, sell-side analysts forecast that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Carrier Global Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Friday, May 2nd were issued a dividend of $0.225 per share. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $0.90 dividend on an annualized basis and a yield of 1.24%. Carrier Global’s dividend payout ratio is 13.93%.

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.