Arrowstreet Capital Limited Partnership Cuts Holdings in Carrier Global Co. (NYSE:CARR)

Arrowstreet Capital Limited Partnership lowered its position in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 60.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,386 shares of the company's stock after selling 83,821 shares during the period. Arrowstreet Capital Limited Partnership's holdings in Carrier Global were worth $3,712,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. BOK Financial Private Wealth Inc. lifted its position in Carrier Global by 80.0% during the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company's stock valued at $25,000 after purchasing an additional 160 shares during the last quarter. Bradley & Co. Private Wealth Management LLC purchased a new position in shares of Carrier Global in the fourth quarter worth $31,000. Roxbury Financial LLC bought a new position in shares of Carrier Global during the fourth quarter valued at about $49,000. Centricity Wealth Management LLC purchased a new stake in Carrier Global in the 4th quarter worth approximately $49,000. Finally, Flagship Wealth Advisors LLC purchased a new position in Carrier Global during the 4th quarter valued at $54,000. Institutional investors own 91.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Citigroup reduced their price target on Carrier Global from $94.00 to $90.00 and set a "buy" rating on the stock in a research note on Monday, January 13th. Wolfe Research upgraded Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 price target for the company in a research note on Monday, February 24th. Mizuho raised shares of Carrier Global from a "neutral" rating to an "outperform" rating and set a $78.00 target price for the company in a research report on Friday, February 14th. Barclays dropped their price objective on shares of Carrier Global from $87.00 to $83.00 and set an "overweight" rating on the stock in a report on Wednesday, March 26th. Finally, Royal Bank of Canada reduced their price target on Carrier Global from $86.00 to $76.00 and set an "outperform" rating for the company in a research report on Wednesday, February 12th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $81.33.

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Carrier Global Trading Up 1.4 %

Shares of NYSE:CARR traded up $0.83 during trading on Monday, reaching $60.09. The company's stock had a trading volume of 156,680 shares, compared to its average volume of 4,492,525. The firm's 50 day simple moving average is $64.27 and its two-hundred day simple moving average is $70.25. 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 12 month low of $53.33 and a 12 month high of $83.32. The stock has a market capitalization of $51.92 billion, a PE ratio of 9.48, a price-to-earnings-growth ratio of 2.01 and a beta of 1.33.

Carrier Global (NYSE:CARR - Get Free Report) last announced its 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 prior year, the company earned $0.53 EPS. On average, research analysts predict that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors 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 yield of 1.50%. Carrier Global's payout ratio is 14.33%.

About Carrier Global

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.