Ajay Agrawal Sells 62,382 Shares of Carrier Global Co. (NYSE:CARR) Stock

Carrier Global Co. (NYSE:CARR) VP Ajay Agrawal sold 62,382 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $64.55, for a total transaction of $4,026,758.10. Following the completion of the sale, the vice president now directly owns 103,066 shares in the company, valued at $6,652,910.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Carrier Global Stock Down 0.2 %

Carrier Global stock opened at $64.38 on Monday. The stock has a market cap of $58.01 billion, a PE ratio of 45.02, a P/E/G ratio of 2.63 and a beta of 1.32. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.08 and a quick ratio of 0.80. The stock’s fifty day moving average is $64.63 and its two-hundred day moving average is $60.60. Carrier Global Co. has a 1-year low of $45.68 and a 1-year high of $70.09.

Carrier Global (NYSE:CARR) last issued its earnings results on Thursday, July 25th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.02. The business had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.05 billion. Carrier Global had a return on equity of 23.68% and a net margin of 14.27%. The business’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the company earned $0.79 EPS. On average, sell-side analysts expect that Carrier Global Co. will post 2.84 EPS for the current fiscal year.

Carrier Global Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 8th. Investors of record on Friday, June 21st were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date was Friday, June 21st. Carrier Global’s dividend payout ratio (DPR) is 53.15%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CARR shares. TD Cowen lifted their price objective on Carrier Global from $66.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, April 29th. Robert W. Baird dropped their target price on Carrier Global from $75.00 to $74.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. Baird R W raised shares of Carrier Global from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 15th. Oppenheimer dropped their price objective on shares of Carrier Global from $71.00 to $70.00 and set an “outperform” rating for the company in a report on Friday, July 26th. Finally, Citigroup raised shares of Carrier Global from a “neutral” rating to a “buy” rating and raised their price target for the company from $65.00 to $74.00 in a research report on Monday, June 24th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Carrier Global has a consensus rating of “Hold” and a consensus price target of $66.77.

Institutional Investors Weigh In On Carrier Global

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of Carrier Global by 0.5% during the first quarter. Vanguard Group Inc. now owns 94,289,980 shares of the company’s stock worth $5,481,077,000 after purchasing an additional 466,829 shares in the last quarter. Capital Research Global Investors grew its stake in 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 buying an additional 2,961,923 shares during the last quarter. Capital International Investors increased its position in Carrier Global by 4.6% during the first quarter. Capital International Investors now owns 84,827,130 shares of the company’s stock worth $4,931,001,000 after buying an additional 3,763,666 shares during the period. JPMorgan Chase & Co. lifted its stake in Carrier Global by 280.1% in the first quarter. JPMorgan Chase & Co. now owns 23,098,687 shares of the company’s stock valued at $1,342,727,000 after buying an additional 17,021,768 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in shares of Carrier Global by 2.4% in the fourth quarter. Fisher Asset Management LLC now owns 13,307,231 shares of the company’s stock valued at $764,500,000 after acquiring an additional 310,453 shares during the period. 91.00% of the stock is currently owned by institutional investors and hedge funds.

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.