Carrier Global Co. (NYSE:CARR) Insider Jurgen Timperman Sells 159,915 Shares of Stock

Carrier Global Co. (NYSE:CARR) insider Jurgen Timperman sold 159,915 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $61.95, for a total transaction of $9,906,734.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Carrier Global Price Performance

Shares of CARR stock opened at $61.12 on Thursday. Carrier Global Co. has a 12-month low of $40.28 and a 12-month high of $63.79. The firm has a market capitalization of $55.07 billion, a price-to-earnings ratio of 42.74, a price-to-earnings-growth ratio of 2.64 and a beta of 1.39. The company has a quick ratio of 0.99, a current ratio of 1.36 and a debt-to-equity ratio of 1.31. The firm has a fifty day moving average of $57.02 and a 200-day moving average of $54.98.

Carrier Global (NYSE:CARR) last announced its quarterly earnings results on Thursday, April 25th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.12. Carrier Global had a net margin of 5.41% and a return on equity of 26.01%. The company had revenue of $6.18 billion during the quarter, compared to analyst estimates of $6.27 billion. On average, equities research analysts forecast that Carrier Global Co. will post 2.84 earnings per share for the current year.

Carrier Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Friday, May 3rd will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Thursday, May 2nd. Carrier Global’s payout ratio is presently 53.15%.

Hedge Funds Weigh In On Carrier Global

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CARR. McClarren Financial Advisors Inc. boosted its stake in Carrier Global by 86.7% in the 4th quarter. McClarren Financial Advisors Inc. now owns 435 shares of the company’s stock worth $25,000 after purchasing an additional 202 shares during the period. DiNuzzo Private Wealth Inc. acquired a new position in Carrier Global in the 4th quarter worth $25,000. EdgeRock Capital LLC acquired a new position in Carrier Global in the 4th quarter worth $27,000. OFI Invest Asset Management acquired a new position in Carrier Global in the 3rd quarter worth $28,000. Finally, Larson Financial Group LLC boosted its stake in Carrier Global by 76.2% in the 3rd quarter. Larson Financial Group LLC now owns 511 shares of the company’s stock worth $28,000 after purchasing an additional 221 shares during the period. 91.00% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on CARR shares. Royal Bank of Canada lowered their price objective on shares of Carrier Global from $63.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, February 7th. TD Cowen lifted their price target on shares of Carrier Global from $66.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday. Citigroup increased their price objective on shares of Carrier Global from $60.00 to $63.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Wells Fargo & Company raised their price objective on shares of Carrier Global from $59.00 to $66.00 and gave the company an “equal weight” rating in a research note on Friday, April 26th. Finally, Barclays upped their target price on shares of Carrier Global from $78.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Carrier Global has a consensus rating of “Hold” and a consensus target price of $62.62.

Carrier Global Company 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.