Carrier Global Co. (NYSE:CARR) Shares Sold by Capital Research Global Investors

Capital Research Global Investors lessened its stake in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 20.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 75,499,505 shares of the company's stock after selling 19,710,212 shares during the quarter. Carrier Global comprises 1.1% of Capital Research Global Investors' portfolio, making the stock its 23rd largest holding. Capital Research Global Investors owned approximately 8.41% of Carrier Global worth $5,153,595,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Geode Capital Management LLC increased its position in shares of Carrier Global by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 17,357,770 shares of the company's stock valued at $1,181,300,000 after purchasing an additional 420,081 shares during the last quarter. Fisher Asset Management LLC grew its position in shares of Carrier Global by 0.3% in the 4th quarter. Fisher Asset Management LLC now owns 14,313,331 shares of the company's stock worth $977,028,000 after buying an additional 46,222 shares during the last quarter. Norges Bank bought a new stake in Carrier Global in the fourth quarter valued at $588,029,000. Pictet Asset Management Holding SA raised its position in shares of Carrier Global by 2.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 6,080,842 shares of the company's stock worth $415,078,000 after acquiring an additional 126,174 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Carrier Global by 40.3% during the 4th quarter. Invesco Ltd. now owns 5,057,148 shares of the company's stock valued at $345,201,000 after buying an additional 1,453,247 shares in the last quarter. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Carrier Global Price Performance

Shares of NYSE:CARR traded up $1.81 during trading on Thursday, reaching $60.41. 2,561,834 shares of the company's stock traded hands, compared to its average volume of 5,621,824. The company has a quick ratio of 0.96, a current ratio of 1.25 and a debt-to-equity ratio of 0.77. Carrier Global Co. has a fifty-two week low of $54.22 and a fifty-two week high of $83.32. The company has a 50-day simple moving average of $63.44 and a 200-day simple moving average of $69.24. The firm has a market cap of $52.19 billion, a PE ratio of 9.62, a P/E/G ratio of 2.01 and a beta of 1.33.

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

Carrier Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders 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 1.49%. The ex-dividend date is Friday, May 2nd. Carrier Global's dividend payout ratio (DPR) is presently 14.33%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Carrier Global from $78.00 to $64.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. 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 report on Friday, February 14th. Wolfe Research raised shares of Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 price target for the company in a research report on Monday, February 24th. Wells Fargo & Company decreased their price target on Carrier Global from $75.00 to $70.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 12th. Finally, Barclays lowered their price target on Carrier Global from $87.00 to $83.00 and set an "overweight" rating on the stock in a report on Wednesday, March 26th. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Carrier Global currently has an average rating of "Moderate Buy" and an average target price of $80.13.

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.