Premier Path Wealth Partners LLC Has $219,000 Stake in Carrier Global Co. (NYSE:CARR)

Premier Path Wealth Partners LLC reduced its position in shares of Carrier Global Co. (NYSE:CARR) by 10.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,769 shares of the company’s stock after selling 453 shares during the period. Premier Path Wealth Partners LLC’s holdings in Carrier Global were worth $219,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Carrier Global in the fourth quarter valued at approximately $444,487,000. C WorldWide Group Holding A S bought a new stake in shares of Carrier Global during the 3rd quarter valued at $260,761,000. Capital Research Global Investors grew its holdings 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 worth $5,333,084,000 after purchasing an additional 2,961,923 shares in the last quarter. Impax Asset Management Group plc raised its stake in Carrier Global by 6,362.1% in the third quarter. Impax Asset Management Group plc now owns 2,236,841 shares of the company’s stock valued at $123,474,000 after purchasing an additional 2,202,226 shares in the last quarter. Finally, Bristol Gate Capital Partners Inc. bought a new stake in Carrier Global during the fourth quarter worth about $92,651,000. 91.00% of the stock is currently owned by institutional investors.

Carrier Global Trading Down 1.3 %

Shares of NYSE:CARR traded down $0.86 during mid-day trading on Wednesday, reaching $65.36. 3,669,926 shares of the company’s stock were exchanged, compared to its average volume of 4,703,089. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.99 and a current ratio of 1.36. Carrier Global Co. has a twelve month low of $40.49 and a twelve month high of $66.50. The firm has a market capitalization of $58.89 billion, a price-to-earnings ratio of 45.71, a PEG ratio of 2.78 and a beta of 1.34. The business’s fifty day moving average price is $59.49 and its 200-day moving average price is $56.62.

Carrier Global (NYSE:CARR) last released its quarterly earnings results on Thursday, April 25th. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.12. The firm had revenue of $6.18 billion for the quarter, compared to analyst estimates of $6.27 billion. Carrier Global had a return on equity of 26.01% and a net margin of 5.41%. On average, research analysts predict that Carrier Global Co. will post 2.84 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors 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 yield of 1.16%. The ex-dividend date of this dividend is Thursday, May 2nd. Carrier Global’s dividend payout ratio is presently 53.15%.

Insider Buying and Selling at Carrier Global

In other Carrier Global news, insider Jurgen Timperman sold 159,915 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $61.95, for a total value of $9,906,734.25. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Carrier Global news, insider Jurgen Timperman sold 159,915 shares of the firm’s stock in a transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Nadia Villeneuve sold 98,428 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $65.40, for a total transaction of $6,437,191.20. Following the transaction, the vice president now owns 85,028 shares in the company, valued at approximately $5,560,831.20. The disclosure for this sale can be found here. Insiders own 6.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CARR shares. Oppenheimer raised 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. TD Cowen upped their target price on Carrier Global from $66.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, April 29th. Citigroup lifted their price target on Carrier Global from $60.00 to $63.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Wells Fargo & Company upped their price objective on Carrier Global from $59.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Friday, April 26th. Finally, Robert W. Baird lifted their target price on Carrier Global from $60.00 to $64.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Carrier Global has a consensus rating of “Hold” and an average price target of $62.71.

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.