SouthState Corp Sells 402 Shares of Carrier Global Co. (NYSE:CARR)

SouthState Corp decreased its holdings in Carrier Global Co. (NYSE:CARR) by 5.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,460 shares of the company’s stock after selling 402 shares during the period. SouthState Corp’s holdings in Carrier Global were worth $429,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in CARR. Raymond James Financial Services Advisors Inc. lifted its position in Carrier Global by 4.2% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 163,655 shares of the company’s stock worth $9,034,000 after acquiring an additional 6,600 shares during the period. Eudaimonia Partners LLC purchased a new position in Carrier Global during the third quarter valued at approximately $212,000. Mn Services Vermogensbeheer B.V. lifted its holdings in Carrier Global by 2.7% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 408,400 shares of the company’s stock valued at $22,544,000 after acquiring an additional 10,700 shares during the period. Miracle Mile Advisors LLC purchased a new stake in Carrier Global in the 3rd quarter worth approximately $219,000. Finally, Northstar Asset Management LLC acquired a new stake in shares of Carrier Global during the 3rd quarter worth approximately $210,000. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Royal Bank of Canada lowered their price target on shares of Carrier Global from $63.00 to $60.00 and set an “outperform” rating on the stock in a report on Wednesday, February 7th. Wells Fargo & Company lifted their price target on shares of Carrier Global from $59.00 to $66.00 and gave the company an “equal weight” rating in a research note on Friday, April 26th. TD Cowen increased their price objective on shares of Carrier Global from $66.00 to $70.00 and gave the company a “buy” rating in a report on Monday, April 29th. Robert W. Baird lifted their target price on shares of Carrier Global from $60.00 to $64.00 and gave the company a “neutral” rating in a research report on Friday. Finally, Oppenheimer raised their price target on shares of Carrier Global from $63.00 to $64.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $62.71.

Insider Transactions at Carrier Global

In other Carrier Global news, insider Jurgen Timperman sold 159,915 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $61.95, for a total transaction of $9,906,734.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Carrier Global news, insider Jurgen Timperman sold 159,915 shares of the company’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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO David L. Gitlin sold 354,539 shares of Carrier Global stock in a transaction on 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 completion of the sale, the chief executive officer now directly owns 422,808 shares of the company’s stock, valued at $22,899,281.28. The disclosure for this sale can be found here. In the last ninety days, insiders sold 541,005 shares of company stock worth $30,536,214. 6.95% of the stock is currently owned by company insiders.

Carrier Global Trading Up 1.9 %

Shares of NYSE CARR traded up $1.15 during trading on Friday, hitting $62.09. 3,622,875 shares of the company were exchanged, compared to its average volume of 4,988,253. The company has a fifty day moving average price of $57.32 and a 200-day moving average price of $55.09. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.99 and a current ratio of 1.36. The firm has a market capitalization of $55.94 billion, a PE ratio of 43.42, a P/E/G ratio of 2.56 and a beta of 1.34. Carrier Global Co. has a 12-month low of $40.28 and a 12-month high of $63.79.

Carrier Global (NYSE:CARR) last posted its quarterly 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. The business had revenue of $6.18 billion during the quarter, compared to analysts’ expectations of $6.27 billion. Carrier Global had a net margin of 5.41% and a return on equity of 26.01%. As a group, equities research analysts expect that Carrier Global Co. will post 2.85 EPS for the current year.

Carrier Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Friday, May 3rd will be given a $0.19 dividend. The ex-dividend date is Thursday, May 2nd. This represents a $0.76 dividend on an annualized basis and a yield of 1.22%. Carrier Global’s dividend payout ratio is currently 53.15%.

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.