NTV Asset Management LLC Has $420,000 Position in Carrier Global Co. (NYSE:CARR)

NTV Asset Management LLC cut its stake in shares of Carrier Global Co. (NYSE:CARR) by 4.7% during the 4th quarter, HoldingsChannel reports. The firm owned 7,319 shares of the company’s stock after selling 358 shares during the period. NTV Asset Management LLC’s holdings in Carrier Global were worth $420,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. C WorldWide Group Holding A S bought a new stake in shares of Carrier Global during the third quarter worth $260,761,000. Impax Asset Management Group plc increased its holdings in Carrier Global by 6,362.1% in the 3rd quarter. Impax Asset Management Group plc now owns 2,236,841 shares of the company’s stock worth $123,474,000 after purchasing an additional 2,202,226 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in Carrier Global by 103.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 2,600,774 shares of the company’s stock worth $143,563,000 after purchasing an additional 1,320,621 shares in the last quarter. FMR LLC raised its position in Carrier Global by 18.3% in the third quarter. FMR LLC now owns 6,666,775 shares of the company’s stock valued at $368,006,000 after purchasing an additional 1,033,484 shares during the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new stake in shares of Carrier Global during the third quarter valued at about $48,735,000. Institutional investors own 91.00% of the company’s stock.

Insider Transactions at Carrier Global

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 stock was sold at an average price of $53.77, for a total value of $1,427,647.27. Following the completion of the sale, the vice president now directly owns 66,083 shares of the company’s stock, valued at approximately $3,553,282.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, VP Kevin J. O’connor sold 26,551 shares of Carrier Global stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $53.77, for a total value 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Jurgen Timperman sold 159,915 shares of the business’s stock in a transaction on Monday, April 29th. The shares were 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. Insiders have sold 541,005 shares of company stock valued at $30,536,214 in the last 90 days. 6.95% of the stock is currently owned by corporate insiders.

Carrier Global Trading Up 1.9 %

CARR stock traded up $1.15 during mid-day trading on Friday, reaching $62.09. The company’s stock had a trading volume of 3,622,875 shares, compared to its average volume of 4,988,253. Carrier Global Co. has a 12 month low of $40.28 and a 12 month high of $63.79. The company has a current ratio of 1.36, a quick ratio of 0.99 and a debt-to-equity ratio of 1.31. The business’s 50 day moving average price is $57.32 and its 200 day moving average price is $55.14. The company has a market cap of $55.94 billion, a price-to-earnings ratio of 43.42, a price-to-earnings-growth ratio of 2.61 and a beta of 1.34.

Carrier Global (NYSE:CARR) last released its quarterly earnings data 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 company had revenue of $6.18 billion during the quarter, compared to analyst estimates of $6.27 billion. On average, equities research analysts predict that Carrier Global Co. will post 2.85 EPS for the current year.

Carrier Global Announces Dividend

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 issued a dividend of $0.19 per share. The ex-dividend date is Thursday, May 2nd. This represents a $0.76 annualized dividend and a dividend yield of 1.22%. Carrier Global’s dividend payout ratio is currently 53.15%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Wells Fargo & Company lifted their target price on shares of Carrier Global from $59.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Friday, April 26th. Robert W. Baird boosted their price objective on shares of Carrier Global from $60.00 to $64.00 and gave the stock a “neutral” rating in a research note on Friday. Oppenheimer increased their price objective on Carrier Global from $63.00 to $64.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Citigroup lifted their target price on Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Finally, Barclays increased their price target on Carrier Global from $78.00 to $79.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $62.71.

Carrier Global 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.