Fiduciary Trust Co Has $5.05 Million Stock Holdings in Carrier Global Co. (NYSE:CARR)

Fiduciary Trust Co cut its position in Carrier Global Co. (NYSE:CARRFree Report) by 3.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 87,857 shares of the company’s stock after selling 3,229 shares during the quarter. Fiduciary Trust Co’s holdings in Carrier Global were worth $5,047,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Modera Wealth Management LLC lifted its position in shares of Carrier Global by 19.4% during the 3rd quarter. Modera Wealth Management LLC now owns 21,099 shares of the company’s stock worth $1,165,000 after buying an additional 3,430 shares in the last quarter. Pinnacle Financial Partners Inc lifted its position in shares of Carrier Global by 9.0% during the 4th quarter. Pinnacle Financial Partners Inc now owns 5,781 shares of the company’s stock worth $332,000 after buying an additional 476 shares in the last quarter. Andrew Hill Investment Advisors Inc. bought a new stake in shares of Carrier Global in the 4th quarter worth approximately $2,081,000. AIA Group Ltd raised its holdings in shares of Carrier Global by 16.5% in the 4th quarter. AIA Group Ltd now owns 98,959 shares of the company’s stock worth $5,685,000 after purchasing an additional 14,003 shares during the period. Finally, Versor Investments LP bought a new stake in shares of Carrier Global in the 4th quarter worth approximately $1,132,000. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Carrier Global Trading Down 2.5 %

Shares of NYSE:CARR traded down $1.60 during midday trading on Wednesday, hitting $63.07. 3,558,956 shares of the stock traded hands, compared to its average volume of 4,634,595. The stock has a market capitalization of $56.83 billion, a PE ratio of 45.22, a P/E/G ratio of 2.65 and a beta of 1.34. The business’s 50 day moving average is $60.10 and its two-hundred day moving average is $57.07. The company has a quick ratio of 0.99, a current ratio of 1.36 and a debt-to-equity ratio of 1.31. Carrier Global Co. has a one year low of $40.49 and a one year high of $66.50.

Carrier Global (NYSE:CARRGet Free Report) last issued its quarterly earnings data on Thursday, April 25th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.50 by $0.12. The firm had revenue of $6.18 billion during the quarter, compared to the consensus estimate of $6.27 billion. Carrier Global had a net margin of 5.41% and a return on equity of 26.01%. As a group, research analysts forecast that Carrier Global Co. will post 2.85 earnings per share for the current year.

Carrier Global Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Friday, May 3rd were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend was Thursday, May 2nd. Carrier Global’s payout ratio is 53.15%.

Insider Buying and Selling

In related news, insider Jurgen Timperman sold 159,915 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $61.95, for a total value of $9,906,734.25. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Carrier Global news, VP Nadia Villeneuve sold 98,428 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $65.40, for a total value of $6,437,191.20. Following the transaction, the vice president now directly owns 85,028 shares in the company, valued at $5,560,831.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jurgen Timperman sold 159,915 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $61.95, for a total transaction of $9,906,734.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 262,954 shares of company stock worth $16,650,050. 6.95% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms recently commented on CARR. Royal Bank of Canada lowered their price target on shares of Carrier Global from $63.00 to $60.00 and set an “outperform” rating on the stock in a report on Wednesday, February 7th. Robert W. Baird boosted their target price on shares of Carrier Global from $60.00 to $64.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Citigroup boosted their target price 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. Oppenheimer boosted their target price on shares of Carrier Global from $63.00 to $64.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Finally, TD Cowen boosted their target price on shares of Carrier Global from $66.00 to $70.00 and gave the company a “buy” rating in a report on Monday, April 29th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Carrier Global currently has a consensus rating of “Hold” and an average price target of $62.71.

Check Out Our Latest Research Report on CARR

About Carrier Global

(Free Report)

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.

See Also

Want to see what other hedge funds are holding CARR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carrier Global Co. (NYSE:CARRFree Report).

Institutional Ownership by Quarter for Carrier Global (NYSE:CARR)

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