Carrier Global Corporation (NYSE:CARR) Shares Sold by MFG Wealth Management Inc.

MFG Wealth Management Inc. decreased its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 32.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,535 shares of the company’s stock after selling 15,431 shares during the quarter. Carrier Global comprises 2.0% of MFG Wealth Management Inc.’s holdings, making the stock its 22nd largest holding. MFG Wealth Management Inc.’s holdings in Carrier Global were worth $2,063,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ensign Peak Advisors Inc increased its position in shares of Carrier Global by 27.8% during the 4th quarter. Ensign Peak Advisors Inc now owns 1,314,180 shares of the company’s stock worth $89,706,000 after purchasing an additional 285,803 shares during the last quarter. Sowell Financial Services LLC purchased a new stake in shares of Carrier Global in the 1st quarter valued at approximately $234,000. Ritholtz Wealth Management boosted its position in shares of Carrier Global by 34.0% during the 1st quarter. Ritholtz Wealth Management now owns 3,968 shares of the company’s stock worth $252,000 after purchasing an additional 1,007 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in Carrier Global by 15.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 552,713 shares of the company’s stock valued at $35,042,000 after purchasing an additional 75,555 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of Carrier Global by 36.2% during the first quarter. Farther Finance Advisors LLC now owns 9,664 shares of the company’s stock worth $614,000 after purchasing an additional 2,570 shares in the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CARR. Robert W. Baird increased their target price on shares of Carrier Global from $80.00 to $88.00 and gave the stock an “outperform” rating in a report on Tuesday, May 20th. JPMorgan Chase & Co. lifted their target price on Carrier Global from $66.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, May 16th. Citigroup cut their price target on Carrier Global from $89.00 to $72.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Mizuho set a $72.00 price objective on Carrier Global in a research note on Tuesday, April 22nd. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Carrier Global in a research note on Wednesday, May 21st. Four equities research 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.00.

Carrier Global Stock Up 0.0%

CARR opened at $72.48 on Thursday. Carrier Global Corporation has a 52 week low of $54.22 and a 52 week high of $83.32. The business has a 50 day moving average price of $69.41 and a two-hundred day moving average price of $67.27. The company has a quick ratio of 0.83, a current ratio of 1.20 and a debt-to-equity ratio of 0.78. The company has a market cap of $62.14 billion, a PE ratio of 11.22, a P/E/G ratio of 2.03 and a beta of 1.33.

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

Carrier Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Monday, July 21st will be paid a $0.225 dividend. The ex-dividend date of this dividend is Monday, July 21st. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.24%. Carrier Global’s dividend payout ratio (DPR) is presently 13.93%.

Insider Buying and Selling at Carrier Global

In other Carrier Global 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 transaction, the director now directly owns 54,341,534 shares in the company, valued at approximately $3,820,209,840.20. This represents a 7.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 7.20% of the stock is owned by corporate insiders.

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.