Andrew Hill Investment Advisors Inc. Lowers Stock Holdings in Carrier Global Co. (NYSE:CARR)

Andrew Hill Investment Advisors Inc. cut its stake in Carrier Global Co. (NYSE:CARR - Free Report) by 50.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,570 shares of the company's stock after selling 18,767 shares during the quarter. Andrew Hill Investment Advisors Inc.'s holdings in Carrier Global were worth $1,268,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Morse Asset Management Inc bought a new position in Carrier Global in the 3rd quarter worth about $201,000. Wellington Management Group LLP raised its stake in Carrier Global by 761.6% in the third quarter. Wellington Management Group LLP now owns 45,064 shares of the company's stock valued at $3,627,000 after purchasing an additional 39,834 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its position in Carrier Global by 7.0% during the third quarter. Nomura Asset Management Co. Ltd. now owns 238,988 shares of the company's stock valued at $19,236,000 after purchasing an additional 15,609 shares during the last quarter. Continuum Advisory LLC grew its stake in Carrier Global by 40.6% in the 3rd quarter. Continuum Advisory LLC now owns 1,887 shares of the company's stock worth $141,000 after buying an additional 545 shares in the last quarter. Finally, M&T Bank Corp increased its holdings in shares of Carrier Global by 8.9% in the 3rd quarter. M&T Bank Corp now owns 311,453 shares of the company's stock worth $25,069,000 after buying an additional 25,346 shares during the last quarter. 91.00% of the stock is currently owned by institutional investors.

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Carrier Global Trading Down 0.6 %

NYSE CARR traded down $0.34 on Tuesday, hitting $60.25. The company's stock had a trading volume of 1,701,521 shares, compared to its average volume of 5,693,721. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77. Carrier Global Co. has a 52-week low of $53.33 and a 52-week high of $83.32. The firm has a market cap of $52.06 billion, a P/E ratio of 9.59, a PEG ratio of 2.01 and a beta of 1.33. The company's 50-day simple moving average is $64.19 and its 200 day simple moving average is $70.11.

Carrier Global (NYSE:CARR - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share 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 previous year, the company earned $0.53 EPS. Research analysts predict that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Friday, May 2nd will be issued a dividend of $0.225 per share. The ex-dividend date is Friday, May 2nd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.49%. Carrier Global's dividend payout ratio (DPR) is 14.33%.

Wall Street Analysts Forecast Growth

CARR has been the subject of several research reports. Wells Fargo & Company cut their target price on shares of Carrier Global from $75.00 to $70.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 12th. Wolfe Research upgraded Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 price objective on the stock in a research report on Monday, February 24th. Royal Bank of Canada decreased their price objective on Carrier Global from $86.00 to $76.00 and set an "outperform" rating on the stock in a report on Wednesday, February 12th. Barclays reduced their price target on shares of Carrier Global from $87.00 to $83.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 26th. Finally, Citigroup lowered their price objective on shares of Carrier Global from $89.00 to $72.00 and set a "buy" rating for the company in a report on Monday. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $80.13.

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.