AMF Tjanstepension AB Has $13.37 Million Position in Carrier Global Co. (NYSE:CARR)

AMF Tjanstepension AB reduced its holdings in Carrier Global Co. (NYSE:CARR) by 7.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 211,753 shares of the company’s stock after selling 16,923 shares during the period. AMF Tjanstepension AB’s holdings in Carrier Global were worth $13,370,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. McClarren Financial Advisors Inc. raised its holdings in Carrier Global by 86.7% in the fourth quarter. McClarren Financial Advisors Inc. now owns 435 shares of the company’s stock worth $25,000 after purchasing an additional 202 shares during the period. DiNuzzo Private Wealth Inc. acquired a new stake in Carrier Global in the fourth quarter worth $25,000. Olistico Wealth LLC acquired a new stake in Carrier Global in the second quarter worth $25,000. EdgeRock Capital LLC acquired a new stake in Carrier Global in the fourth quarter worth $27,000. Finally, Criterion Capital Advisors LLC acquired a new stake in Carrier Global in the fourth quarter worth $32,000. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Carrier Global Stock Down 1.6 %

Carrier Global stock traded down $1.03 during mid-day trading on Wednesday, reaching $63.11. The company’s stock had a trading volume of 3,026,270 shares, compared to its average volume of 4,422,978. The company has a market capitalization of $56.97 billion, a price-to-earnings ratio of 45.46, a price-to-earnings-growth ratio of 2.63 and a beta of 1.32. Carrier Global Co. has a 12 month low of $45.68 and a 12 month high of $70.09. The business’s 50 day simple moving average is $64.59 and its 200 day simple moving average is $60.43. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.80 and a current ratio of 1.08.

Carrier Global (NYSE:CARR) last announced its quarterly earnings results on Thursday, July 25th. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02. The firm had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $7.05 billion. Carrier Global had a net margin of 14.27% and a return on equity of 23.68%. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.79 earnings per share. As a group, research analysts anticipate that Carrier Global Co. will post 2.84 earnings per share for the current year.

Carrier Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 8th. Shareholders of record on Friday, June 21st will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date is Friday, June 21st. Carrier Global’s dividend payout ratio is currently 53.15%.

Wall Street Analyst Weigh In

Several research firms have weighed in on CARR. Wells Fargo & Company increased their target price on shares of Carrier Global from $59.00 to $66.00 and gave the stock an “equal weight” rating in a report on Friday, April 26th. Bank of America raised shares of Carrier Global from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $55.00 to $72.00 in a research report on Monday, July 29th. Robert W. Baird lowered their price objective on shares of Carrier Global from $75.00 to $74.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. Oppenheimer lowered their price objective on shares of Carrier Global from $71.00 to $70.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. Finally, Barclays increased their price objective on shares of Carrier Global from $79.00 to $81.00 and gave the stock an “overweight” rating in a research report on Friday, June 14th. Two analysts have rated the stock with a sell rating, five have issued 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 currently has a consensus rating of “Hold” and a consensus target price of $66.77.

Insider Buying and Selling at Carrier Global

In other Carrier Global news, CAO Kyle Crockett sold 4,611 shares of the stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $66.39, for a total value of $306,124.29. Following the completion of the sale, the chief accounting officer now owns 2,042 shares in the company, valued at $135,568.38. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CAO Kyle Crockett sold 4,611 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $66.39, for a total transaction of $306,124.29. Following the completion of the sale, the chief accounting officer now owns 2,042 shares in the company, valued at approximately $135,568.38. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Nadia Villeneuve sold 98,428 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $65.40, for a total transaction of $6,437,191.20. Following the sale, the vice president now owns 85,028 shares of the company’s stock, valued at approximately $5,560,831.20. The disclosure for this sale can be found here. Corporate 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.