Carrier Global Co. (NYSE:CARR) Shares Sold by Bank of New Hampshire

Bank of New Hampshire reduced its stake in shares of Carrier Global Co. (NYSE:CARR) by 34.0% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 1,940 shares of the company’s stock after selling 1,000 shares during the quarter. Bank of New Hampshire’s holdings in Carrier Global were worth $123,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ensign Peak Advisors Inc lifted its position in Carrier Global by 27.8% during the fourth quarter. Ensign Peak Advisors Inc now owns 1,314,180 shares of the company’s stock valued at $89,706,000 after purchasing an additional 285,803 shares during the period. Allworth Financial LP lifted its position in Carrier Global by 1,657.6% during the fourth quarter. Allworth Financial LP now owns 167,653 shares of the company’s stock valued at $11,741,000 after purchasing an additional 158,114 shares during the period. Principal Securities Inc. lifted its position in Carrier Global by 128.6% during the fourth quarter. Principal Securities Inc. now owns 16,919 shares of the company’s stock valued at $1,155,000 after purchasing an additional 9,518 shares during the period. Asset Management One Co. Ltd. lifted its position in Carrier Global by 1.9% during the fourth quarter. Asset Management One Co. Ltd. now owns 475,850 shares of the company’s stock valued at $32,786,000 after purchasing an additional 8,746 shares during the period. Finally, Dempze Nancy E lifted its position in Carrier Global by 20.5% during the fourth quarter. Dempze Nancy E now owns 37,482 shares of the company’s stock valued at $2,559,000 after purchasing an additional 6,372 shares during the period. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Carrier Global

In related news, Director Maximilian Viessmann sold 4,267,425 shares of the company’s stock in a transaction dated 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 owns 54,341,534 shares of the company’s stock, valued at approximately $3,820,209,840.20. This represents a 7.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 7.20% of the company’s stock.

Analyst Upgrades and Downgrades

CARR has been the subject of a number of research reports. JPMorgan Chase & Co. boosted their target price on shares of Carrier Global from $66.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, May 16th. Wells Fargo & Company lifted their price objective on shares of Carrier Global from $65.00 to $75.00 and gave the company an “equal weight” rating in a report on Monday, May 5th. Royal Bank of Canada lifted their price objective on shares of Carrier Global from $86.00 to $87.00 and gave the company an “outperform” rating in a report on Tuesday, May 20th. Northcoast Research raised shares of Carrier Global from a “neutral” rating to a “buy” rating and set a $85.00 price objective for the company in a report on Friday, May 9th. Finally, Citigroup cut their price objective on shares of Carrier Global from $89.00 to $72.00 and set a “buy” rating for the company in a report on Monday, April 14th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $83.00.

Carrier Global Stock Down 0.4%

CARR stock opened at $71.09 on Monday. The stock has a market capitalization of $60.95 billion, a P/E ratio of 11.32, a P/E/G ratio of 2.01 and a beta of 1.33. The firm has a 50-day simple moving average of $66.27 and a 200-day simple moving average of $67.60. The company has a quick ratio of 0.96, a current ratio of 1.25 and a debt-to-equity ratio of 0.77. Carrier Global Co. has a 52 week low of $54.22 and a 52 week high of $83.32.

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

Carrier Global Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Friday, May 2nd were paid a dividend of $0.225 per share. The ex-dividend date was Friday, May 2nd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.27%. Carrier Global’s dividend payout ratio is currently 13.93%.

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.