Clifford Swan Investment Counsel LLC Has $5.80 Million Stake in Carrier Global Co. (NYSE:CARR)

Clifford Swan Investment Counsel LLC lessened its stake in shares of Carrier Global Co. (NYSE:CARR) by 44.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 101,024 shares of the company’s stock after selling 81,649 shares during the quarter. Clifford Swan Investment Counsel LLC’s holdings in Carrier Global were worth $5,804,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in CARR. McClarren Financial Advisors Inc. raised its holdings in Carrier Global by 86.7% in the 4th quarter. McClarren Financial Advisors Inc. now owns 435 shares of the company’s stock valued at $25,000 after acquiring an additional 202 shares in the last quarter. DiNuzzo Private Wealth Inc. acquired a new position in shares of Carrier Global in the 4th quarter worth approximately $25,000. OFI Invest Asset Management bought a new stake in Carrier Global during the 3rd quarter worth approximately $28,000. Larson Financial Group LLC raised its position in Carrier Global by 76.2% in the 3rd quarter. Larson Financial Group LLC now owns 511 shares of the company’s stock valued at $28,000 after purchasing an additional 221 shares during the last quarter. Finally, VisionPoint Advisory Group LLC acquired a new position in Carrier Global in the third quarter worth $30,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Insiders Place Their Bets

In related news, VP Kevin J. O’connor sold 26,551 shares of the stock in a transaction on 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 in the company, valued at $3,553,282.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Jurgen Timperman sold 159,915 shares of the firm’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available through this link. Also, VP Kevin J. O’connor sold 26,551 shares of Carrier Global stock in a transaction 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 $3,553,282.91. The disclosure for this sale can be found here. Insiders sold a total of 541,005 shares of company stock valued at $30,536,214 in the last 90 days. Corporate insiders own 6.95% of the company’s stock.

Carrier Global Price Performance

NYSE CARR traded up $1.97 during midday trading on Monday, hitting $64.06. The company had a trading volume of 4,572,837 shares, compared to its average volume of 4,867,044. The company has a market capitalization of $57.72 billion, a PE ratio of 43.42, a P/E/G ratio of 2.61 and a beta of 1.34. The firm has a 50-day moving average price of $57.32 and a 200-day moving average price of $55.14. Carrier Global Co. has a twelve month low of $40.49 and a twelve month high of $64.27. The company has a current ratio of 1.36, a quick ratio of 0.99 and a debt-to-equity ratio of 1.31.

Carrier Global (NYSE:CARR) last issued its earnings results on Thursday, April 25th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.50 by $0.12. The company 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, analysts anticipate that Carrier Global Co. will post 2.85 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Friday, May 3rd will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend is Thursday, May 2nd. Carrier Global’s dividend payout ratio is 53.15%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Oppenheimer lifted their price target on Carrier Global from $63.00 to $64.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Barclays raised their price objective on shares of Carrier Global from $78.00 to $79.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. Royal Bank of Canada decreased their target price on Carrier Global from $63.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, February 7th. Robert W. Baird lifted their price target on Carrier Global from $60.00 to $64.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Wells Fargo & Company increased their price objective on Carrier Global from $59.00 to $66.00 and gave the stock an “equal weight” rating in a report on Friday, April 26th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus 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.