Carrier Global Co. (NYSE:CARR - Get Free Report) insider Jurgen Timperman sold 159,915 shares of the business's stock in a transaction 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Carrier Global Trading Down 0.6 %
Shares of CARR stock opened at $61.12 on Thursday. The firm has a 50-day moving average price of $57.02 and a 200 day moving average price of $54.98. Carrier Global Co. has a twelve month low of $40.28 and a twelve month high of $63.79. The company has a market capitalization of $55.07 billion, a price-to-earnings ratio of 42.74, a PEG ratio of 2.64 and a beta of 1.39. The company has a current ratio of 1.36, a quick ratio of 0.99 and a debt-to-equity ratio of 1.31.
Carrier Global (NYSE:CARR - Get Free Report) last announced its earnings results on Thursday, April 25th. The company reported $0.62 earnings per share 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 firm had revenue of $6.18 billion during the quarter, compared to the consensus estimate of $6.27 billion. Research analysts forecast that Carrier Global Co. will post 2.84 earnings per share for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Friday, May 3rd will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date is Thursday, May 2nd. Carrier Global's dividend payout ratio is currently 53.15%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of CARR. Norges Bank acquired a new position in shares of Carrier Global during the 4th quarter valued at about $444,487,000. C WorldWide Group Holding A S acquired a new position in shares of Carrier Global during the 3rd quarter valued at about $260,761,000. Capital Research Global Investors increased its stake in shares of Carrier Global by 3.3% during the 4th quarter. Capital Research Global Investors now owns 92,829,907 shares of the company's stock valued at $5,333,084,000 after acquiring an additional 2,961,923 shares during the last quarter. Impax Asset Management Group plc increased its stake in shares of Carrier Global by 6,362.1% during the 3rd quarter. Impax Asset Management Group plc now owns 2,236,841 shares of the company's stock valued at $123,474,000 after acquiring an additional 2,202,226 shares during the last quarter. Finally, Bristol Gate Capital Partners Inc. acquired a new position in shares of Carrier Global during the 4th quarter valued at about $92,651,000. Institutional investors and hedge funds own 91.00% of the company's stock.
Analyst Upgrades and Downgrades
CARR has been the topic of several research analyst reports. Citigroup boosted their target price 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. Barclays lifted their price target on Carrier Global from $78.00 to $79.00 and gave the stock an "overweight" rating in a research note on Friday, April 26th. Royal Bank of Canada cut their price target on Carrier Global from $63.00 to $60.00 and set an "outperform" rating for the company in a research note on Wednesday, February 7th. Oppenheimer lifted their price target on Carrier Global from $63.00 to $64.00 and gave the stock an "outperform" rating in a research note on Friday, April 26th. Finally, Wells Fargo & Company lifted their price target on Carrier Global from $59.00 to $66.00 and gave the stock an "equal weight" rating in a research note on Friday, April 26th. 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's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $62.62.
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About Carrier Global
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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.
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