Yousif Capital Management LLC Sells 2,191 Shares of Carrier Global Co. (NYSE:CARR)

Yousif Capital Management LLC lessened its position in Carrier Global Co. (NYSE:CARR) by 2.1% in the first quarter, Holdings Channel.com reports. The firm owned 102,818 shares of the company’s stock after selling 2,191 shares during the quarter. Yousif Capital Management LLC’s holdings in Carrier Global were worth $6,519,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. BOK Financial Private Wealth Inc. grew its position in shares of Carrier Global by 80.0% in the 4th quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock valued at $25,000 after buying an additional 160 shares during the last quarter. Ritter Daniher Financial Advisory LLC DE raised its position in shares of Carrier Global by 90.0% during the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 380 shares of the company’s stock worth $26,000 after acquiring an additional 180 shares during the last quarter. Park Square Financial Group LLC acquired a new position in shares of Carrier Global in the fourth quarter worth approximately $28,000. Mattson Financial Services LLC bought a new stake in Carrier Global in the fourth quarter valued at approximately $31,000. Finally, Bradley & Co. Private Wealth Management LLC bought a new stake in Carrier Global in the fourth quarter valued at approximately $31,000. 91.00% of the stock is currently owned by institutional investors.

Carrier Global Trading Up 1.0%

Shares of Carrier Global stock opened at $72.48 on Thursday. The stock has a market capitalization of $62.14 billion, a PE ratio of 11.54, a price-to-earnings-growth ratio of 2.01 and a beta of 1.33. Carrier Global Co. has a 52 week low of $54.22 and a 52 week high of $83.32. The stock has a 50 day moving average price of $66.94 and a two-hundred day moving average price of $67.62. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25.

Carrier Global (NYSE:CARR) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.07. The business had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $5.17 billion. Carrier Global had a net margin of 23.83% and a return on equity of 18.82%. Carrier Global’s revenue was down 3.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.51 EPS. As a group, equities analysts anticipate that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Friday, May 2nd were given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend was Friday, May 2nd. Carrier Global’s payout ratio is presently 13.93%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on CARR shares. The Goldman Sachs Group restated a “buy” rating on shares of Carrier Global in a research report on Wednesday, May 21st. Mizuho set a $72.00 price target on shares of Carrier Global in a research report on Tuesday, April 22nd. Royal Bank of Canada increased their price target on Carrier Global from $86.00 to $87.00 and gave the stock an “outperform” rating in a report on Tuesday, May 20th. Northcoast Research raised Carrier Global from a “neutral” rating to a “buy” rating and set a $85.00 price objective on the stock in a research note on Friday, May 9th. Finally, Citigroup cut their target price on Carrier Global from $89.00 to $72.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.00.

Insider Transactions at Carrier Global

In related news, Director Maximilian Viessmann sold 4,267,425 shares of Carrier Global stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $70.30, for a total transaction of $299,999,977.50. Following the transaction, the director now owns 54,341,534 shares of the company’s stock, valued at $3,820,209,840.20. The trade was a 7.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 7.20% of the stock is currently owned by insiders.

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.