New York State Common Retirement Fund Has $52.23 Million Holdings in Carrier Global Co. (NYSE:CARR)

New York State Common Retirement Fund lessened its stake in Carrier Global Co. (NYSE:CARR) by 5.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 909,069 shares of the company’s stock after selling 48,417 shares during the quarter. New York State Common Retirement Fund’s holdings in Carrier Global were worth $52,226,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. OFI Invest Asset Management acquired a new position in shares of Carrier Global in the third quarter valued at approximately $28,000. Larson Financial Group LLC lifted its position in shares of Carrier Global by 76.2% in the third quarter. Larson Financial Group LLC now owns 511 shares of the company’s stock worth $28,000 after purchasing an additional 221 shares in the last quarter. VisionPoint Advisory Group LLC bought a new stake in shares of Carrier Global in the third quarter worth $30,000. GHP Investment Advisors Inc. lifted its position in shares of Carrier Global by 205.1% in the third quarter. GHP Investment Advisors Inc. now owns 595 shares of the company’s stock worth $31,000 after purchasing an additional 400 shares in the last quarter. Finally, Criterion Capital Advisors LLC bought a new stake in shares of Carrier Global in the fourth quarter worth $32,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on CARR shares. Wells Fargo & Company cut their price objective on shares of Carrier Global from $63.00 to $57.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 7th. Barclays boosted their price objective on shares of Carrier Global from $71.00 to $78.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Oppenheimer reissued an “outperform” rating and issued a $63.00 price objective on shares of Carrier Global in a research report on Thursday, April 18th. Royal Bank of Canada cut their price objective on shares of Carrier Global from $63.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 7th. Finally, Citigroup upped their price target 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. Three 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 stock. Based on data from MarketBeat.com, Carrier Global has an average rating of “Hold” and an average price target of $61.15.

Carrier Global Stock Performance

NYSE CARR opened at $55.17 on Wednesday. The firm has a market capitalization of $49.66 billion, a P/E ratio of 34.92, a price-to-earnings-growth ratio of 2.26 and a beta of 1.39. The firm’s fifty day moving average price is $56.34 and its two-hundred day moving average price is $54.76. Carrier Global Co. has a 1 year low of $40.28 and a 1 year high of $60.87. The company has a current ratio of 2.73, a quick ratio of 2.40 and a debt-to-equity ratio of 1.58.

Carrier Global (NYSE:CARR) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.02. The company had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.22 billion. Carrier Global had a net margin of 6.10% and a return on equity of 27.19%. The company’s revenue was down .1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.40 earnings per share. As a group, research analysts anticipate that Carrier Global Co. will post 2.82 EPS for the current year.

Carrier Global Dividend Announcement

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 given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.38%. The ex-dividend date is Thursday, May 2nd. Carrier Global’s payout ratio is presently 48.10%.

Insider Activity

In related news, CEO David L. Gitlin sold 354,539 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $54.16, for a total value of $19,201,832.24. Following the transaction, the chief executive officer now directly owns 422,808 shares in the company, valued at $22,899,281.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, VP Kevin J. O’connor sold 26,551 shares of the 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 completion of the transaction, the vice president now owns 66,083 shares of the company’s stock, valued at $3,553,282.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David L. Gitlin sold 354,539 shares of the stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $54.16, for a total transaction of $19,201,832.24. Following the completion of the transaction, the chief executive officer now directly owns 422,808 shares of the company’s stock, valued at approximately $22,899,281.28. The disclosure for this sale can be found here. Insiders own 6.95% of the company’s stock.

About Carrier Global

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.