Sigma Planning Corp Lowers Stock Holdings in Carrier Global Co. (NYSE:CARR)

Sigma Planning Corp reduced its position in Carrier Global Co. (NYSE:CARR) by 51.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 9,416 shares of the company’s stock after selling 9,848 shares during the period. Sigma Planning Corp’s holdings in Carrier Global were worth $541,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CARR. Northern Trust Corp grew its stake in shares of Carrier Global by 3.4% during the 3rd quarter. Northern Trust Corp now owns 8,941,301 shares of the company’s stock valued at $493,560,000 after buying an additional 289,973 shares during the period. FMR LLC grew its stake in shares of Carrier Global by 18.3% during the 3rd quarter. FMR LLC now owns 6,666,775 shares of the company’s stock valued at $368,006,000 after buying an additional 1,033,484 shares during the period. C WorldWide Group Holding A S purchased a new stake in shares of Carrier Global during the 3rd quarter valued at $260,761,000. JPMorgan Chase & Co. grew its stake in shares of Carrier Global by 12.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,681,849 shares of the company’s stock valued at $258,438,000 after buying an additional 521,189 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Carrier Global by 0.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,576,177 shares of the company’s stock valued at $252,605,000 after buying an additional 26,425 shares during the period. 91.00% of the stock is owned by hedge funds and other institutional investors.

Carrier Global Stock Performance

Shares of CARR stock opened at $59.81 on Friday. Carrier Global Co. has a 12 month low of $40.28 and a 12 month 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 $53.84 billion, a P/E ratio of 37.85, a P/E/G ratio of 2.33 and a beta of 1.39. The company’s fifty day moving average price is $56.41 and its two-hundred day moving average price is $54.79.

Carrier Global (NYSE:CARR) last issued its earnings results on Tuesday, February 6th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.02. The business 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 revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.40 EPS. On average, research analysts anticipate that Carrier Global Co. will post 2.82 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Friday, May 3rd will be paid a $0.19 dividend. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.27%. Carrier Global’s dividend payout ratio (DPR) is presently 48.10%.

Insider Activity

In other news, CEO David L. Gitlin sold 354,539 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $54.16, for a total value of $19,201,832.24. Following the sale, the chief executive officer now owns 422,808 shares in the company, valued at approximately $22,899,281.28. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, VP Kevin J. O’connor sold 26,551 shares of the business’s stock in a transaction dated 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 completion of the sale, the vice president now owns 66,083 shares of the company’s stock, valued at approximately $3,553,282.91. The sale was disclosed in a legal filing 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 dated 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 sale, the chief executive officer now directly owns 422,808 shares of the company’s stock, valued at approximately $22,899,281.28. The disclosure for this sale can be found here. Company insiders own 6.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on CARR shares. Wells Fargo & Company lowered their price objective 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. Oppenheimer reaffirmed an “outperform” rating and set a $63.00 price target on shares of Carrier Global in a research report on Thursday, April 18th. Royal Bank of Canada decreased their price target 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. Barclays upped their price target on shares of Carrier Global from $71.00 to $78.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Finally, Citigroup upped their price target on shares of Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Carrier Global presently has a consensus rating of “Hold” and a consensus target price of $61.15.

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.