Savant Capital LLC Sells 4,728 Shares of Carrier Global Co. (NYSE:CARR)

Savant Capital LLC reduced its position in shares of Carrier Global Co. (NYSE:CARR) by 13.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 31,102 shares of the company’s stock after selling 4,728 shares during the quarter. Savant Capital LLC’s holdings in Carrier Global were worth $1,787,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Beese Fulmer Investment Management Inc. raised its position in Carrier Global by 0.9% during the fourth quarter. Beese Fulmer Investment Management Inc. now owns 19,474 shares of the company’s stock worth $1,119,000 after acquiring an additional 181 shares in the last quarter. Graypoint LLC increased its holdings in shares of Carrier Global by 1.9% in the fourth quarter. Graypoint LLC now owns 9,752 shares of the company’s stock valued at $560,000 after purchasing an additional 184 shares during the last quarter. Global Wealth Management Investment Advisory Inc. increased its holdings in shares of Carrier Global by 16.0% in the third quarter. Global Wealth Management Investment Advisory Inc. now owns 1,450 shares of the company’s stock valued at $80,000 after purchasing an additional 200 shares during the last quarter. Operose Advisors LLC increased its holdings in shares of Carrier Global by 44.4% in the third quarter. Operose Advisors LLC now owns 650 shares of the company’s stock valued at $36,000 after purchasing an additional 200 shares during the last quarter. Finally, Boston Financial Mangement LLC increased its holdings in shares of Carrier Global by 2.2% in the third quarter. Boston Financial Mangement LLC now owns 9,399 shares of the company’s stock valued at $519,000 after purchasing an additional 201 shares during the last quarter. 91.00% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Barclays upped their price objective on shares of Carrier Global from $78.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, April 26th. TD Cowen upped their price objective on shares of Carrier Global from $66.00 to $70.00 and gave the company a “buy” rating in a report on Monday. Wells Fargo & Company upped their price objective on shares of Carrier Global from $59.00 to $66.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. Oppenheimer upped their price objective on shares of Carrier Global from $63.00 to $64.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Finally, Citigroup upped their price objective on shares of Carrier Global from $60.00 to $63.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Carrier Global has a consensus rating of “Hold” and a consensus target price of $62.62.

Insider Activity

In related news, VP Kevin J. O’connor sold 26,551 shares of Carrier Global stock in a transaction that occurred 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 sale, the vice president now directly owns 66,083 shares in the company, valued at approximately $3,553,282.91. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO David L. Gitlin sold 354,539 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $54.16, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Kevin J. O’connor sold 26,551 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the vice president now owns 66,083 shares in the company, valued at approximately $3,553,282.91. The disclosure for this sale can be found here. In the last three months, insiders have sold 541,005 shares of company stock worth $30,536,214. Corporate insiders own 6.95% of the company’s stock.

Carrier Global Trading Up 0.0 %

CARR stock opened at $60.94 on Friday. The company has a market capitalization of $54.91 billion, a PE ratio of 42.62, a price-to-earnings-growth ratio of 2.59 and a beta of 1.34. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.99 and a current ratio of 1.36. Carrier Global Co. has a 52 week low of $40.28 and a 52 week high of $63.79. The company’s 50-day simple moving average is $57.17 and its 200 day simple moving average is $55.02.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Thursday, April 25th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.12. Carrier Global had a net margin of 5.41% and a return on equity of 26.01%. The firm had revenue of $6.18 billion for the quarter, compared to the consensus estimate of $6.27 billion. As a group, sell-side analysts anticipate that Carrier Global Co. will post 2.85 earnings per share for the current year.

Carrier Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Friday, May 3rd will be paid a $0.19 dividend. The ex-dividend date is Thursday, May 2nd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.25%. Carrier Global’s payout ratio is currently 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.