Aviva PLC Sells 14,948 Shares of Carrier Global Co. (NYSE:CARR)

Aviva PLC lowered its position in Carrier Global Co. (NYSE:CARR - Free Report) by 1.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 791,419 shares of the company's stock after selling 14,948 shares during the quarter. Aviva PLC owned approximately 0.09% of Carrier Global worth $54,022,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of CARR. BOK Financial Private Wealth Inc. raised its stake in Carrier Global by 80.0% in the 4th quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company's stock valued at $25,000 after acquiring an additional 160 shares during the period. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Carrier Global in the fourth quarter valued at about $31,000. Meeder Asset Management Inc. boosted its holdings in shares of Carrier Global by 236.1% during the 4th quarter. Meeder Asset Management Inc. now owns 484 shares of the company's stock worth $33,000 after buying an additional 340 shares during the period. Roxbury Financial LLC acquired a new position in Carrier Global in the 4th quarter valued at about $49,000. Finally, Centricity Wealth Management LLC bought a new position in Carrier Global in the 4th quarter valued at about $49,000. Institutional investors own 91.00% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CARR shares. Wells Fargo & Company reduced 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. JPMorgan Chase & Co. lowered their price objective on Carrier Global from $78.00 to $64.00 and set an "overweight" rating on the stock in a research report on Tuesday. The Goldman Sachs Group initiated coverage on shares of Carrier Global in a research report on Thursday, December 12th. They issued a "buy" rating and a $96.00 target price for the company. Barclays lowered their target price 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, 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. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $81.33.

Remove Ads

Carrier Global Price Performance

CARR stock traded up $0.01 during midday trading on Friday, reaching $59.06. 1,918,987 shares of the stock were exchanged, compared to its average volume of 4,487,322. Carrier Global Co. has a 52 week low of $53.33 and a 52 week high of $83.32. The company has a fifty day moving average price of $64.36 and a 200 day moving average price of $70.46. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96. The stock has a market capitalization of $51.03 billion, a PE ratio of 9.39, a P/E/G ratio of 2.01 and a beta of 1.33.

Carrier Global (NYSE:CARR - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 last year, the firm posted $0.53 earnings per share. As a group, analysts expect that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Carrier Global Announces Dividend

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 paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend is Friday, May 2nd. Carrier Global's dividend payout ratio is currently 14.33%.

Carrier Global 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.