Calamos Advisors LLC Sells 4,035 Shares of Carrier Global Co. (NYSE:CARR)

Calamos Advisors LLC cut its holdings in shares of Carrier Global Co. (NYSE:CARR) by 1.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 308,856 shares of the company’s stock after selling 4,035 shares during the period. Calamos Advisors LLC’s holdings in Carrier Global were worth $17,744,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. American Century Companies Inc. lifted its stake in shares of Carrier Global by 29.2% in the 1st quarter. American Century Companies Inc. now owns 16,359 shares of the company’s stock valued at $750,000 after acquiring an additional 3,700 shares during the last quarter. Panagora Asset Management Inc. lifted its stake in shares of Carrier Global by 40.1% in the 1st quarter. Panagora Asset Management Inc. now owns 36,481 shares of the company’s stock valued at $1,673,000 after acquiring an additional 10,445 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of Carrier Global by 23.2% in the 1st quarter. Sequoia Financial Advisors LLC now owns 7,493 shares of the company’s stock valued at $343,000 after acquiring an additional 1,412 shares during the last quarter. Candriam Luxembourg S.C.A. lifted its stake in shares of Carrier Global by 22.7% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 65,241 shares of the company’s stock valued at $2,992,000 after acquiring an additional 12,089 shares during the last quarter. Finally, Baird Financial Group Inc. lifted its stake in shares of Carrier Global by 10.6% in the 1st quarter. Baird Financial Group Inc. now owns 786,543 shares of the company’s stock valued at $36,078,000 after acquiring an additional 75,622 shares during the last quarter. 91.00% of the stock is currently owned by institutional investors.

Insider Activity at Carrier Global

In related news, VP Kevin J. O’connor sold 26,551 shares of the firm’s stock in a transaction dated 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 transaction, 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 hyperlink. In other Carrier Global news, CEO David L. Gitlin sold 354,539 shares of Carrier Global stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 422,808 shares of the company’s stock, valued at approximately $22,899,281.28. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Kevin J. O’connor sold 26,551 shares of Carrier Global stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $53.77, for a total transaction of $1,427,647.27. Following the transaction, the vice president now directly owns 66,083 shares in the company, valued at approximately $3,553,282.91. The disclosure for this sale can be found here. 6.95% of the stock is owned by insiders.

Carrier Global Stock Up 1.1 %

Shares of CARR traded up $0.61 during trading hours on Friday, hitting $53.99. The stock had a trading volume of 333,012 shares, compared to its average volume of 4,627,242. 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 50 day simple moving average of $56.41 and a 200-day simple moving average of $54.75. The firm has a market capitalization of $48.60 billion, a P/E ratio of 33.79, a price-to-earnings-growth ratio of 2.29 and a beta of 1.39. Carrier Global Co. has a 1-year low of $40.28 and a 1-year high of $60.87.

Carrier Global (NYSE:CARR) last issued its earnings results on Tuesday, February 6th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.51 by $0.02. The company had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.22 billion. Carrier Global had a return on equity of 27.19% and a net margin of 6.10%. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period last year, the business posted $0.40 EPS. Sell-side analysts predict that Carrier Global Co. will post 2.82 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CARR has been the subject of a number of recent research reports. Wells Fargo & Company decreased their price objective on Carrier Global from $63.00 to $57.00 and set an “equal weight” rating for the company in a report on Wednesday, February 7th. Oppenheimer restated an “outperform” rating and issued a $63.00 price objective on shares of Carrier Global in a report on Thursday. Royal Bank of Canada decreased their price objective on Carrier Global from $63.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, February 7th. Barclays increased their price objective on Carrier Global from $71.00 to $78.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Finally, Citigroup increased their price objective on Carrier Global from $60.00 to $63.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Carrier Global has an average 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.