E. Ohman J or Asset Management AB Has $2.56 Million Stock Position in Carrier Global Co. (NYSE:CARR)

E. Ohman J or Asset Management AB trimmed its holdings in shares of Carrier Global Co. (NYSE:CARR) by 7.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,800 shares of the company’s stock after selling 2,600 shares during the period. E. Ohman J or Asset Management AB’s holdings in Carrier Global were worth $2,560,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CARR. Kingswood Wealth Advisors LLC grew its stake in Carrier Global by 8.9% in the first quarter. Kingswood Wealth Advisors LLC now owns 5,214 shares of the company’s stock valued at $303,000 after purchasing an additional 426 shares in the last quarter. Brookstone Capital Management boosted its stake in shares of Carrier Global by 14.4% during the 1st quarter. Brookstone Capital Management now owns 5,683 shares of the company’s stock worth $330,000 after acquiring an additional 715 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its stake in shares of Carrier Global by 18.9% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 6,847 shares of the company’s stock worth $398,000 after acquiring an additional 1,088 shares in the last quarter. Capital Asset Advisory Services LLC boosted its stake in shares of Carrier Global by 35.7% during the 1st quarter. Capital Asset Advisory Services LLC now owns 4,973 shares of the company’s stock worth $281,000 after acquiring an additional 1,309 shares in the last quarter. Finally, Register Financial Advisors LLC bought a new stake in shares of Carrier Global during the 1st quarter worth about $34,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Insider Transactions at Carrier Global

In related news, VP Ajay Agrawal sold 62,382 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was 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 of the company’s stock, valued at $6,652,910.30. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.95% of the stock is currently owned by insiders.

Analyst Ratings Changes

CARR has been the subject of several recent analyst reports. Wells Fargo & Company decreased their price target on Carrier Global from $82.00 to $76.00 and set an “equal weight” rating for the company in a research note on Friday. Stephens downgraded Carrier Global from an “overweight” rating to an “equal weight” rating and increased their target price for the company from $75.00 to $85.00 in a research note on Wednesday, October 16th. Morgan Stanley started coverage on Carrier Global in a research note on Friday, September 6th. They set an “equal weight” rating and a $75.00 target price for the company. Robert W. Baird decreased their target price on Carrier Global from $88.00 to $86.00 and set an “outperform” rating for the company in a research note on Friday. Finally, Barclays decreased their target price on Carrier Global from $90.00 to $89.00 and set an “overweight” rating for the company in a research note on Friday. Seven research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $81.75.

Carrier Global Trading Up 1.4 %

Carrier Global stock opened at $73.72 on Friday. Carrier Global Co. has a 12 month low of $45.68 and a 12 month high of $83.32. The company has a quick ratio of 0.80, a current ratio of 1.08 and a debt-to-equity ratio of 0.80. The business has a 50 day moving average price of $76.46 and a two-hundred day moving average price of $67.87. The stock has a market cap of $66.42 billion, a price-to-earnings ratio of 51.55, a price-to-earnings-growth ratio of 2.94 and a beta of 1.32.

Carrier Global (NYSE:CARR) last issued its earnings results on Thursday, October 24th. The company reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.04). Carrier Global had a return on equity of 23.68% and a net margin of 14.27%. The company had revenue of $5.98 billion during the quarter, compared to analyst estimates of $6.61 billion. As a group, equities analysts forecast that Carrier Global Co. will post 2.85 EPS for the current year.

Carrier Global announced that its board has authorized a share buyback plan on Thursday, October 24th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the company to repurchase up to 4.6% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Carrier Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Friday, October 25th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Friday, October 25th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.03%. Carrier Global’s payout ratio is presently 53.15%.

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.