Sargent Investment Group LLC Decreases Position in Carrier Global Co. (NYSE:CARR)

Sargent Investment Group LLC cut its position in Carrier Global Co. (NYSE:CARR) by 4.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 45,789 shares of the company’s stock after selling 1,980 shares during the quarter. Sargent Investment Group LLC’s holdings in Carrier Global were worth $2,631,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Beese Fulmer Investment Management Inc. raised its holdings in shares of Carrier Global by 0.9% during the fourth quarter. Beese Fulmer Investment Management Inc. now owns 19,474 shares of the company’s stock valued at $1,119,000 after purchasing an additional 181 shares during the last quarter. Graypoint LLC raised its holdings in shares of Carrier Global by 1.9% during 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. raised its holdings in shares of Carrier Global by 16.0% during 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 raised its holdings in shares of Carrier Global by 44.4% during 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 raised its holdings in shares of Carrier Global by 2.2% during 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 hedge funds and other institutional investors.

Carrier Global Stock Performance

Shares of CARR traded up $0.69 during trading hours on Friday, hitting $60.50. The stock had a trading volume of 6,684,176 shares, compared to its average volume of 4,318,700. The company has a debt-to-equity ratio of 1.31, a quick ratio of 2.40 and a current ratio of 1.36. The firm has a 50-day moving average price of $56.54 and a 200 day moving average price of $54.83. Carrier Global Co. has a fifty-two week low of $40.28 and a fifty-two week high of $60.87. The firm has a market capitalization of $54.46 billion, a price-to-earnings ratio of 42.31, a PEG ratio of 2.53 and a beta of 1.39.

Carrier Global (NYSE:CARR) last issued its quarterly earnings results on Thursday, April 25th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.50 by $0.12. The company had revenue of $6.18 billion during the quarter, compared to analyst estimates of $6.27 billion. Carrier Global had a net margin of 5.41% and a return on equity of 26.01%. As a group, research analysts anticipate that Carrier Global Co. will post 2.84 EPS for the current year.

Carrier Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Friday, May 3rd will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Thursday, May 2nd. Carrier Global’s payout ratio is 53.15%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Citigroup boosted 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. Oppenheimer upped their price target on shares of Carrier Global from $63.00 to $64.00 and gave the company an “outperform” rating in a research note on Friday. Wells Fargo & Company increased their target price on shares of Carrier Global from $59.00 to $66.00 and gave the company an “equal weight” rating in a research note on Friday. Royal Bank of Canada reduced their target price on shares of Carrier Global from $63.00 to $60.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 7th. Finally, Barclays lifted 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. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $62.00.

Insider Transactions at Carrier Global

In other news, VP Kevin J. O’connor sold 26,551 shares of the stock in a transaction dated 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 owns 66,083 shares of the company’s stock, valued at $3,553,282.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Carrier Global news, CEO David L. Gitlin sold 354,539 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $54.16, for a total value of $19,201,832.24. Following the completion of the transaction, the chief executive officer now owns 422,808 shares in the company, valued at approximately $22,899,281.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Kevin J. O’connor sold 26,551 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $53.77, for a total value of $1,427,647.27. Following the transaction, the vice president now owns 66,083 shares of the company’s stock, valued at $3,553,282.91. The disclosure for this sale can be found here. 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.