Impax Asset Management Group plc decreased its holdings in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 7.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,501,376 shares of the company's stock after selling 300,570 shares during the period. Carrier Global makes up about 1.1% of Impax Asset Management Group plc's holdings, making the stock its 29th biggest position. Impax Asset Management Group plc owned approximately 0.39% of Carrier Global worth $239,004,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the business. FSA Wealth Management LLC acquired a new stake in shares of Carrier Global in the 3rd quarter worth approximately $28,000. Coastline Trust Co acquired a new stake in Carrier Global in the third quarter valued at $37,000. Capital Performance Advisors LLP purchased a new position in shares of Carrier Global in the third quarter valued at $44,000. Ashton Thomas Securities LLC acquired a new position in shares of Carrier Global during the 3rd quarter worth $50,000. Finally, GHP Investment Advisors Inc. boosted its position in shares of Carrier Global by 67.2% in the 3rd quarter. GHP Investment Advisors Inc. now owns 687 shares of the company's stock worth $55,000 after buying an additional 276 shares in the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have commented on the company. Barclays lowered their target price on Carrier Global from $90.00 to $87.00 and set an "overweight" rating on the stock in a report on Wednesday, February 12th. Northcoast Research initiated coverage on Carrier Global in a research note on Friday, November 22nd. They set a "neutral" rating on the stock. Royal Bank of Canada cut their target price on shares of Carrier Global from $86.00 to $76.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th. Mizuho raised shares of Carrier Global from a "neutral" rating to an "outperform" rating and set a $78.00 price target on the stock in a research note on Friday, February 14th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Carrier Global from $83.00 to $77.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 15th. Seven analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $82.64.
Read Our Latest Stock Report on Carrier Global
NYSE CARR opened at $66.10 on Monday. The company has a quick ratio of 0.96, a current ratio of 1.25 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $57.39 billion, a PE ratio of 10.52, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35. Carrier Global Co. has a 12-month low of $53.33 and a 12-month high of $83.32. The company has a 50 day moving average price of $67.46 and a two-hundred day moving average price of $72.40.
Carrier Global (NYSE:CARR - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.03. Carrier Global had a return on equity of 18.82% and a net margin of 23.83%. During the same quarter last year, the business posted $0.53 EPS. As a group, equities analysts predict that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, December 20th were issued a dividend of $0.225 per share. This is an increase from Carrier Global's previous quarterly dividend of $0.19. The ex-dividend date was Friday, December 20th. This represents a $0.90 annualized dividend and a dividend yield of 1.36%. Carrier Global's payout ratio is presently 14.33%.
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.
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