Little House Capital LLC Sells 2,150 Shares of Carrier Global Co. (NYSE:CARR)

Little House Capital LLC cut its position in shares of Carrier Global Co. (NYSE:CARR) by 19.4% during the 1st quarter, HoldingsChannel reports. The firm owned 8,951 shares of the company’s stock after selling 2,150 shares during the period. Little House Capital LLC’s holdings in Carrier Global were worth $520,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Modera Wealth Management LLC grew 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 valued at $1,165,000 after buying an additional 3,430 shares during the last quarter. Pinnacle Financial Partners Inc increased its holdings in shares of Carrier Global by 9.0% in the 4th quarter. Pinnacle Financial Partners Inc now owns 5,781 shares of the company’s stock worth $332,000 after purchasing an additional 476 shares in the last quarter. Andrew Hill Investment Advisors Inc. purchased a new position in shares of Carrier Global in the fourth quarter worth $2,081,000. Nomura Holdings Inc. bought a new position in shares of Carrier Global during the fourth quarter valued at $973,000. Finally, AIA Group Ltd boosted its position in shares of Carrier Global by 16.5% during the fourth quarter. AIA Group Ltd now owns 98,959 shares of the company’s stock valued at $5,685,000 after buying an additional 14,003 shares during the last quarter. 91.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CARR has been the subject of several research reports. Robert W. Baird boosted their price objective on shares of Carrier Global from $60.00 to $64.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Wells Fargo & Company increased their price target on Carrier Global from $59.00 to $66.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. TD Cowen lifted 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. Oppenheimer increased their target price on Carrier Global from $64.00 to $71.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Citigroup upgraded Carrier Global from a “neutral” rating to a “buy” rating and boosted their price target for the company from $65.00 to $74.00 in a research note on Monday, June 24th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $64.14.

Insider Buying and Selling at Carrier Global

In related news, VP Nadia Villeneuve sold 98,428 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $65.40, for a total value of $6,437,191.20. Following the sale, the vice president now directly owns 85,028 shares of the company’s stock, valued at approximately $5,560,831.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, VP Nadia Villeneuve sold 98,428 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $65.40, for a total value of $6,437,191.20. Following the completion of the sale, the vice president now owns 85,028 shares in the company, valued at $5,560,831.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jurgen Timperman sold 159,915 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $61.95, for a total value of $9,906,734.25. The disclosure for this sale can be found here. Insiders have sold 262,954 shares of company stock worth $16,650,050 over the last quarter. Insiders own 6.95% of the company’s stock.

Carrier Global Price Performance

NYSE CARR traded down $0.85 during trading on Monday, hitting $62.23. 1,494,580 shares of the stock traded hands, compared to its average volume of 4,569,961. 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 $45.68 and a 12-month high of $66.50. The firm has a 50-day simple moving average of $63.18 and a 200-day simple moving average of $58.73. The company has a market capitalization of $56.07 billion, a P/E ratio of 43.70, a price-to-earnings-growth ratio of 2.46 and a beta of 1.33.

Carrier Global (NYSE:CARR) last issued its quarterly earnings data 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 analysts’ expectations of $6.27 billion. Carrier Global had a return on equity of 26.01% and a net margin of 5.41%. As a group, analysts predict that Carrier Global Co. will post 2.85 EPS for the current year.

Carrier Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 8th. Investors of record on Friday, June 21st will be given a $0.19 dividend. The ex-dividend date is Friday, June 21st. This represents a $0.76 dividend on an annualized basis and a yield of 1.22%. Carrier Global’s dividend payout ratio is presently 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.