Woodstock Corp Sells 400 Shares of Carrier Global Co. (NYSE:CARR)

Woodstock Corp reduced its position in shares of Carrier Global Co. (NYSE:CARR) by 1.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,422 shares of the company’s stock after selling 400 shares during the period. Woodstock Corp’s holdings in Carrier Global were worth $1,885,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CARR. JPMorgan Chase & Co. lifted its stake in Carrier Global by 280.1% in the 1st quarter. JPMorgan Chase & Co. now owns 23,098,687 shares of the company’s stock valued at $1,342,727,000 after purchasing an additional 17,021,768 shares during the last quarter. Capital International Investors grew its position in Carrier Global by 4.6% during the 1st quarter. Capital International Investors now owns 84,827,130 shares of the company’s stock worth $4,931,001,000 after acquiring an additional 3,763,666 shares during the last quarter. PineStone Asset Management Inc. raised its position in Carrier Global by 139.7% in the second quarter. PineStone Asset Management Inc. now owns 6,418,883 shares of the company’s stock valued at $404,903,000 after purchasing an additional 3,741,206 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Carrier Global in the second quarter valued at approximately $58,415,000. Finally, Los Angeles Capital Management LLC increased its stake in shares of Carrier Global by 62.3% in the first quarter. Los Angeles Capital Management LLC now owns 1,586,408 shares of the company’s stock valued at $92,218,000 after buying an additional 609,071 shares during the period. 91.00% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Carrier Global news, VP Ajay Agrawal sold 62,382 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $64.55, for a total transaction of $4,026,758.10. Following the transaction, the vice president now directly owns 103,066 shares in the company, valued at approximately $6,652,910.30. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.95% of the company’s stock.

Carrier Global Stock Up 1.5 %

Carrier Global stock opened at $81.61 on Monday. The company has a quick ratio of 0.80, a current ratio of 1.08 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $73.53 billion, a PE ratio of 57.07, a PEG ratio of 2.94 and a beta of 1.32. The firm’s fifty day moving average is $73.54 and its 200 day moving average is $66.44. Carrier Global Co. has a 12-month low of $45.68 and a 12-month high of $82.16.

Carrier Global (NYSE:CARR) last released its quarterly earnings data on Thursday, July 25th. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.85 by $0.02. Carrier Global had a return on equity of 23.68% and a net margin of 14.27%. The firm had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.05 billion. During the same quarter in the previous year, the company posted $0.79 earnings per share. The company’s quarterly revenue was up 11.7% on a year-over-year basis. As a group, sell-side analysts predict that Carrier Global Co. will post 2.85 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Friday, October 25th will be given a $0.19 dividend. The ex-dividend date is Friday, October 25th. This represents a $0.76 annualized dividend and a yield of 0.93%. Carrier Global’s payout ratio is 53.15%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Bank of America boosted their target price on shares of Carrier Global from $72.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, September 13th. Wolfe Research upgraded Carrier Global from an “underperform” rating to a “peer perform” rating in a report on Friday, September 6th. Royal Bank of Canada upped their price target on Carrier Global from $72.00 to $79.00 and gave the company an “outperform” rating in a research report on Thursday, September 5th. Oppenheimer raised their price objective on Carrier Global from $74.00 to $88.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. assumed coverage on Carrier Global in a research note on Thursday. They issued a “neutral” rating and a $83.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $79.50.

Carrier Global 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.