Means Investment CO. Inc. Sells 292 Shares of Carrier Global Corporation (NYSE:CARR)

Means Investment CO. Inc. lowered its holdings in Carrier Global Corporation (NYSE:CARR) by 2.3% in the 1st quarter, HoldingsChannel reports. The firm owned 12,617 shares of the company’s stock after selling 292 shares during the quarter. Means Investment CO. Inc.’s holdings in Carrier Global were worth $800,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Geode Capital Management LLC raised its holdings in shares of Carrier Global by 2.5% in 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 in the last quarter. Fisher Asset Management LLC grew 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 buying an additional 46,222 shares during the last quarter. Northern Trust Corp grew 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 buying an additional 1,266,137 shares during the last quarter. Norges Bank purchased a new position 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 grew 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 buying an additional 936,892 shares during the last quarter. Institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Performance

Shares of NYSE CARR opened at $69.80 on Friday. The company has a current ratio of 1.20, a quick ratio of 0.83 and a debt-to-equity ratio of 0.78. Carrier Global Corporation has a 12 month low of $54.22 and a 12 month high of $83.32. The company has a 50 day simple moving average of $68.45 and a two-hundred day simple moving average of $67.35. The stock has a market cap of $59.84 billion, a price-to-earnings ratio of 10.80, a PEG ratio of 1.96 and a beta of 1.33.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.58 by $0.07. Carrier Global had a net margin of 25.45% and a return on equity of 18.10%. The business had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $5.17 billion. During the same period in the previous year, the business posted $0.51 EPS. The business’s quarterly revenue was down 3.7% compared to the same quarter last year. As a group, analysts predict that Carrier Global Corporation will post 2.99 earnings per share for the current year.

Carrier Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Monday, July 21st will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Monday, July 21st. Carrier Global’s payout ratio is 13.93%.

Insider Buying and Selling at Carrier Global

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 shares were 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 in the company, valued at approximately $3,820,209,840.20. The trade was a 7.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 7.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CARR. Northcoast Research raised shares of Carrier Global from a “neutral” rating to a “buy” rating and set a $85.00 price objective on the stock in a research report on Friday, May 9th. Robert W. Baird lifted their price objective on shares of Carrier Global from $80.00 to $88.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 20th. Mizuho set a $72.00 price objective on shares of Carrier Global in a research report on Tuesday, April 22nd. Wells Fargo & Company lifted their price objective on shares of Carrier Global from $65.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Monday, May 5th. Finally, Citigroup dropped their target price on shares of Carrier Global from $89.00 to $72.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Four investment 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 company has a consensus rating of “Moderate Buy” and an average price target of $83.00.

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.