Twin Capital Management Inc. Sells 258 Shares of Carrier Global Co. (NYSE:CARR)

Twin Capital Management Inc. reduced its stake in Carrier Global Co. (NYSE:CARR) by 2.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,523 shares of the company’s stock after selling 258 shares during the quarter. Twin Capital Management Inc.’s holdings in Carrier Global were worth $490,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Modera Wealth Management LLC increased its holdings in shares of Carrier Global by 19.4% during the third quarter. Modera Wealth Management LLC now owns 21,099 shares of the company’s stock worth $1,165,000 after purchasing an additional 3,430 shares during the period. Pinnacle Financial Partners Inc increased its holdings in shares of Carrier Global by 9.0% during the fourth quarter. Pinnacle Financial Partners Inc now owns 5,781 shares of the company’s stock worth $332,000 after purchasing an additional 476 shares during the period. Asset Management One Co. Ltd. increased its holdings in shares of Carrier Global by 13.8% during the fourth quarter. Asset Management One Co. Ltd. now owns 489,403 shares of the company’s stock worth $28,209,000 after purchasing an additional 59,308 shares during the period. Procyon Advisors LLC increased its holdings in shares of Carrier Global by 8.5% during the fourth quarter. Procyon Advisors LLC now owns 6,300 shares of the company’s stock worth $362,000 after purchasing an additional 492 shares during the period. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its holdings in shares of Carrier Global by 1,020.9% during the fourth quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 30,252 shares of the company’s stock worth $1,738,000 after purchasing an additional 27,553 shares during the period. 91.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Citigroup raised their target price on shares of Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Wells Fargo & Company reduced their price target on shares of Carrier Global from $63.00 to $57.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 7th. Royal Bank of Canada reduced their price target on shares of Carrier Global from $63.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 7th. Barclays increased their price target on shares of Carrier Global from $71.00 to $78.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Finally, Oppenheimer reiterated an “outperform” rating and set a $63.00 price target on shares of Carrier Global in a research report on Thursday. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Carrier Global currently has an average rating of “Hold” and a consensus target price of $61.15.

Carrier Global Stock Performance

Shares of Carrier Global stock opened at $53.55 on Friday. Carrier Global Co. has a fifty-two week low of $40.28 and a fifty-two week high of $60.87. The company has a debt-to-equity ratio of 1.58, a current ratio of 2.73 and a quick ratio of 2.40. The firm has a market capitalization of $48.20 billion, a P/E ratio of 33.89, a P/E/G ratio of 2.29 and a beta of 1.39. The company’s 50 day moving average price is $56.36 and its two-hundred day moving average price is $54.74.

Carrier Global (NYSE:CARR) last issued its earnings results on Tuesday, February 6th. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.02. Carrier Global had a net margin of 6.10% and a return on equity of 27.19%. The firm had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.22 billion. During the same quarter last year, the business posted $0.40 earnings per share. The company’s quarterly revenue was down .1% on a year-over-year basis. On average, equities analysts forecast that Carrier Global Co. will post 2.82 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The business 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 1.42%. Carrier Global’s dividend payout ratio is currently 48.10%.

Insider Buying and Selling at Carrier Global

In other news, 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 transaction of $19,201,832.24. Following the transaction, the chief executive officer now owns 422,808 shares in the company, valued at $22,899,281.28. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, VP Kevin J. O’connor sold 26,551 shares of Carrier Global stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $53.77, for a total transaction of $1,427,647.27. Following the transaction, the vice president now owns 66,083 shares in the company, valued at $3,553,282.91. The sale was disclosed in a document filed with the SEC, which is available 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 stock was sold at an average price of $54.16, for a total transaction of $19,201,832.24. Following the transaction, the chief executive officer now owns 422,808 shares in the company, valued at approximately $22,899,281.28. The disclosure for this sale can be found here. Company insiders own 6.95% of the company’s stock.

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.