Barden Capital Management Inc. Has $2.30 Million Position in Carrier Global Co. (NYSE:CARR)

Barden Capital Management Inc. lowered its holdings in Carrier Global Co. (NYSE:CARR) by 1.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,556 shares of the company’s stock after selling 353 shares during the quarter. Carrier Global accounts for about 2.0% of Barden Capital Management Inc.’s investment portfolio, making the stock its 16th biggest position. Barden Capital Management Inc.’s holdings in Carrier Global were worth $2,298,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Nordea Investment Management AB grew its holdings in shares of Carrier Global by 5.5% in the 1st quarter. Nordea Investment Management AB now owns 822,954 shares of the company’s stock worth $47,633,000 after purchasing an additional 43,002 shares during the last quarter. Frank Rimerman Advisors LLC boosted its position in Carrier Global by 54,708.0% in the second quarter. Frank Rimerman Advisors LLC now owns 13,702 shares of the company’s stock valued at $864,000 after buying an additional 13,677 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in Carrier Global by 50.1% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 390,272 shares of the company’s stock worth $22,687,000 after buying an additional 130,192 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Carrier Global during the first quarter worth approximately $2,019,000. Finally, Kintegral Advisory LLC increased its holdings in shares of Carrier Global by 44.2% during the second quarter. Kintegral Advisory LLC now owns 28,395 shares of the company’s stock worth $1,797,000 after buying an additional 8,705 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Stock Up 0.1 %

Shares of NYSE:CARR opened at $81.55 on Monday. The company has a 50 day moving average of $75.32 and a 200-day moving average of $67.30. Carrier Global Co. has a one year low of $45.68 and a one year high of $83.32. The stock has a market cap of $73.48 billion, a price-to-earnings ratio of 57.03, a P/E/G ratio of 2.94 and a beta of 1.32. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.08 and a quick ratio of 0.80.

Carrier Global (NYSE:CARR) last released its earnings results on Thursday, July 25th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.02. The firm had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.05 billion. Carrier Global had a net margin of 14.27% and a return on equity of 23.68%. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.79 EPS. On average, sell-side analysts forecast that Carrier Global Co. will post 2.85 earnings per share for the current year.

Carrier Global Dividend Announcement

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

Analyst Ratings Changes

CARR has been the topic of several recent analyst reports. Barclays boosted their target price on Carrier Global from $81.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Baird R W upgraded Carrier Global from a “hold” rating to a “strong-buy” rating in a report on Monday, July 15th. Stephens lowered Carrier Global from an “overweight” rating to an “equal weight” rating and raised their target price for the company from $75.00 to $85.00 in a research note on Wednesday, October 16th. JPMorgan Chase & Co. initiated coverage on shares of Carrier Global in a research report on Thursday, October 10th. They set a “neutral” rating and a $83.00 price target on the stock. Finally, Mizuho increased their price objective on shares of Carrier Global from $65.00 to $78.00 and gave the stock a “neutral” rating in a report on Thursday. Seven research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.67.

Insider Buying and Selling at Carrier Global

In other news, VP Ajay Agrawal sold 62,382 shares of the business’s stock in a transaction dated 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 completion of the transaction, the vice president now directly owns 103,066 shares in the company, valued at approximately $6,652,910.30. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 6.95% of the company’s stock.

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.