Bank of New York Mellon Corp lowered its position in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 1.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,615,952 shares of the company's stock after selling 68,710 shares during the quarter. Bank of New York Mellon Corp owned 0.63% of Carrier Global worth $383,345,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the company. RFG Advisory LLC increased its stake in Carrier Global by 36.2% during the fourth quarter. RFG Advisory LLC now owns 7,170 shares of the company's stock worth $489,000 after acquiring an additional 1,904 shares during the last quarter. Princeton Global Asset Management LLC lifted its stake in Carrier Global by 1,156.1% in the fourth quarter. Princeton Global Asset Management LLC now owns 20,663 shares of the company's stock worth $1,410,000 after acquiring an additional 19,018 shares during the period. Daiwa Securities Group Inc. boosted its stake in shares of Carrier Global by 12.3% during the third quarter. Daiwa Securities Group Inc. now owns 100,440 shares of the company's stock valued at $8,084,000 after purchasing an additional 11,032 shares in the last quarter. Cerity Partners LLC lifted its holdings in Carrier Global by 39.0% during the third quarter. Cerity Partners LLC now owns 136,821 shares of the company's stock worth $11,013,000 after buying an additional 38,365 shares during the period. Finally, Miracle Mile Advisors LLC bought a new stake in Carrier Global during the 4th quarter valued at $2,213,000. 91.00% of the stock is currently owned by institutional investors.
A number of brokerages recently weighed in on CARR. JPMorgan Chase & Co. dropped their price objective on Carrier Global from $83.00 to $77.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 15th. 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 report on Friday, February 14th. Wells Fargo & Company decreased their price objective on Carrier Global from $75.00 to $70.00 and set an "equal weight" rating for the company in a report on Wednesday, February 12th. Citigroup lowered their price objective on Carrier Global from $94.00 to $90.00 and set a "buy" rating for the company in a research report on Monday, January 13th. Finally, Wolfe Research raised Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 target price on the stock in a research report on Monday. Six equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $82.47.
View Our Latest Analysis on Carrier Global
Shares of NYSE CARR opened at $66.10 on Thursday. Carrier Global Co. has a 52 week low of $53.33 and a 52 week high of $83.32. The business's 50 day moving average price is $67.28 and its 200 day moving average price is $72.38. 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 firm has a market cap of $57.40 billion, a P/E ratio of 10.53, a P/E/G ratio of 2.01 and a beta of 1.35.
Carrier Global (NYSE:CARR - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.51 by $0.03. Carrier Global had a net margin of 23.83% and a return on equity of 18.82%. During the same period in the prior year, the company posted $0.53 EPS. On average, sell-side analysts expect that Carrier Global Co. will post 2.99 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, December 20th were issued a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 1.36%. This is a positive change from Carrier Global's previous quarterly dividend of $0.19. The ex-dividend date was Friday, December 20th. Carrier Global's dividend 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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