Carrier Global Co. (NYSE:CARR) Stake Lowered by First Western Trust Bank

First Western Trust Bank decreased its stake in Carrier Global Co. (NYSE:CARR) by 3.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,717 shares of the company’s stock after selling 300 shares during the period. First Western Trust Bank’s holdings in Carrier Global were worth $443,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CARR. McClarren Financial Advisors Inc. raised its holdings in shares of Carrier Global by 86.7% during the fourth quarter. McClarren Financial Advisors Inc. now owns 435 shares of the company’s stock valued at $25,000 after buying an additional 202 shares during the last quarter. DiNuzzo Private Wealth Inc. acquired a new stake in shares of Carrier Global in the fourth quarter valued at $25,000. EdgeRock Capital LLC acquired a new position in Carrier Global during the fourth quarter worth about $27,000. Larson Financial Group LLC raised its position in Carrier Global by 76.2% in the third quarter. Larson Financial Group LLC now owns 511 shares of the company’s stock worth $28,000 after acquiring an additional 221 shares in the last quarter. Finally, OFI Invest Asset Management acquired a new stake in Carrier Global in the 3rd quarter valued at about $28,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on CARR shares. Citigroup boosted 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. Oppenheimer increased their price objective on Carrier Global from $63.00 to $64.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Royal Bank of Canada decreased their target price on Carrier Global from $63.00 to $60.00 and set an “outperform” rating on the stock in a report on Wednesday, February 7th. Barclays increased their price target on Carrier Global from $78.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. Finally, TD Cowen boosted their price objective on Carrier Global from $66.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, April 29th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $62.71.

Carrier Global Stock Up 1.4 %

Shares of Carrier Global stock traded up $0.92 on Thursday, hitting $65.23. 2,662,797 shares of the company traded hands, compared to its average volume of 4,811,897. The company has a quick ratio of 0.99, a current ratio of 1.36 and a debt-to-equity ratio of 1.31. Carrier Global Co. has a 12-month low of $40.49 and a 12-month high of $65.34. The company has a 50-day moving average price of $57.90 and a 200 day moving average price of $55.42. The company has a market cap of $58.77 billion, a PE ratio of 45.62, a PEG ratio of 2.61 and a beta of 1.34.

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

Carrier Global Dividend Announcement

The firm 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 dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.17%. The ex-dividend date is Thursday, May 2nd. Carrier Global’s payout ratio is 53.15%.

Insider Buying and Selling at Carrier Global

In other news, insider Jurgen Timperman sold 159,915 shares of the stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $61.95, for a total transaction of $9,906,734.25. The sale was disclosed in a document filed with the SEC, which is available at this link. 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.