Xponance Inc. Sells 26,308 Shares of Carrier Global Co. (NYSE:CARR)

Xponance Inc. lowered its position in Carrier Global Co. (NYSE:CARR) by 19.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 107,413 shares of the company’s stock after selling 26,308 shares during the period. Xponance Inc.’s holdings in Carrier Global were worth $6,171,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. State Street Corp increased its position in shares of Carrier Global by 0.6% in the 1st quarter. State Street Corp now owns 33,147,448 shares of the company’s stock valued at $1,516,493,000 after buying an additional 206,839 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Carrier Global by 712.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,482,866 shares of the company’s stock worth $799,843,000 after purchasing an additional 15,330,140 shares in the last quarter. Geode Capital Management LLC increased its holdings in Carrier Global by 2.0% during the 1st quarter. Geode Capital Management LLC now owns 17,377,066 shares of the company’s stock worth $793,207,000 after purchasing an additional 342,215 shares in the last quarter. Nuveen Asset Management LLC increased its holdings in Carrier Global by 16.0% during the 2nd quarter. Nuveen Asset Management LLC now owns 15,917,718 shares of the company’s stock worth $791,270,000 after purchasing an additional 2,197,116 shares in the last quarter. Finally, Morgan Stanley increased its holdings in Carrier Global by 18.1% during the 4th quarter. Morgan Stanley now owns 9,414,230 shares of the company’s stock worth $388,337,000 after purchasing an additional 1,443,747 shares in the last quarter. Institutional investors own 91.00% of the company’s stock.

Insider Transactions at Carrier Global

In other news, VP Kevin J. O’connor sold 26,551 shares of Carrier Global stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $53.77, for a total transaction of $1,427,647.27. Following the transaction, the vice president now owns 66,083 shares in the company, valued at $3,553,282.91. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, VP Kevin J. O’connor sold 26,551 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $53.77, for a total value of $1,427,647.27. Following the transaction, the vice president now owns 66,083 shares in the company, valued at $3,553,282.91. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO David L. Gitlin sold 354,539 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now owns 422,808 shares in the company, valued at approximately $22,899,281.28. The disclosure for this sale can be found here. 6.95% of the stock is owned by company insiders.

Carrier Global Stock Performance

Shares of Carrier Global stock opened at $53.55 on Friday. 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 debt-to-equity ratio of 1.58, a current ratio of 2.73 and a quick ratio of 2.40. The firm has a market capitalization of $48.20 billion, a P/E ratio of 33.89, a P/E/G ratio of 2.25 and a beta of 1.39. The company’s 50 day moving average price is $56.36 and its two-hundred day moving average price is $54.74.

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

Carrier Global Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Thursday, May 2nd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.42%. Carrier Global’s dividend payout ratio (DPR) is presently 48.10%.

Wall Street Analysts Forecast Growth

CARR has been the subject of a number of recent research reports. Barclays increased their price objective on shares of Carrier Global from $71.00 to $78.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Royal Bank of Canada cut their target price on shares of Carrier Global from $63.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, February 7th. Citigroup raised their target price on shares of Carrier Global from $60.00 to $63.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Wells Fargo & Company cut their target price on shares of Carrier Global from $63.00 to $57.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 7th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $63.00 target price on shares of Carrier Global in a research note on Thursday. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $61.15.

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.