Oppenheimer & Co. Inc. Decreases Stake in Carrier Global Co. (NYSE:CARR)

From MarketBeat:

Oppenheimer & Co. Inc. reduced its shares in Carrier Global Co. by 5.1% during the 3rd quarter. The firm owned 192,344 shares after selling 10,265 shares. Other large investors also adjusted their stakes in the company, with up to 91.47% of the company’s stock being owned by institutional investors. Carrier Global has a market cap of $46.67 billion and a P/E ratio of 39.43. CARR stock closed at $55.62 on Friday.

Carrier Global’s VP, Ajay Agrawal, sold 16,500 shares of the business’s stock at an average price of $57.99. Insiders now own 0.38% of the stock.

Investment analysts recently issued ratings for Carrier Global, with three analysts giving it a sell rating, six assigning it a hold rating, and six issuing a buy rating. The stock has a consensus rating of “Hold” and a consensus price target of $58.40.

Carrier Global has a range of products and solutions for the heating, ventilating, and air conditioning, refrigeration, fire, security, and building automation sectors worldwide. The business also disclosed a 1.37% dividend increase, with shareholders receiving $0.19 per share.

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