Liberty Capital Management Inc. Sells 3,132 Shares of Carrier Global Co. (NYSE:CARR)

Liberty Capital Management Inc. lessened its stake in shares of Carrier Global Co. (NYSE:CARR) by 10.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,878 shares of the company’s stock after selling 3,132 shares during the period. Liberty Capital Management Inc.’s holdings in Carrier Global were worth $1,641,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BOK Financial Private Wealth Inc. increased its holdings in shares of Carrier Global by 80.0% in the 4th quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock worth $25,000 after purchasing an additional 160 shares in the last quarter. Ritter Daniher Financial Advisory LLC DE boosted its stake in shares of Carrier Global by 90.0% in the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 380 shares of the company’s stock worth $26,000 after buying an additional 180 shares during the last quarter. Park Square Financial Group LLC purchased a new position in shares of Carrier Global in the 4th quarter worth $28,000. Bradley & Co. Private Wealth Management LLC purchased a new position in shares of Carrier Global in the 4th quarter worth $31,000. Finally, Mattson Financial Services LLC purchased a new position in shares of Carrier Global in the 4th quarter worth $31,000. Institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Down 0.0%

Shares of CARR opened at $72.46 on Friday. The business’s 50 day moving average is $67.25 and its 200 day moving average is $67.58. 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 12-month low of $54.22 and a 12-month high of $83.32. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77.

Carrier Global (NYSE:CARR) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.07. Carrier Global had a return on equity of 18.82% and a net margin of 23.83%. The business had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $5.17 billion. During the same quarter in the previous year, the company posted $0.51 EPS. The company’s revenue was down 3.7% compared to the same quarter last year. Research analysts expect that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

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

Insiders Place Their Bets

In other Carrier Global news, Director Maximilian Viessmann sold 4,267,425 shares of Carrier Global stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $70.30, for a total value of $299,999,977.50. Following the sale, the director now owns 54,341,534 shares of the company’s stock, valued at $3,820,209,840.20. The trade was a 7.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 7.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CARR. The Goldman Sachs Group restated a “buy” rating on shares of Carrier Global in a research note on Wednesday, May 21st. Barclays raised their price target on Carrier Global from $83.00 to $84.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 7th. Wolfe Research upgraded Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research note on Monday, February 24th. Royal Bank of Canada raised their price target on Carrier Global from $86.00 to $87.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 20th. Finally, Northcoast Research upgraded Carrier Global from a “neutral” rating to a “buy” rating and set a $85.00 target price on the stock in a research report on Friday, May 9th. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.00.

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.