Carrier Global Co. (NYSE:CARR) Stake Lowered by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S trimmed its position in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 16.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 50,087 shares of the company's stock after selling 10,009 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Carrier Global were worth $3,419,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. BOK Financial Private Wealth Inc. lifted its position in shares of Carrier Global by 80.0% during the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company's stock worth $25,000 after purchasing an additional 160 shares in the last quarter. Ritter Daniher Financial Advisory LLC DE raised its position in shares of Carrier Global by 90.0% in the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 380 shares of the company's stock valued at $26,000 after purchasing an additional 180 shares in the last quarter. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Carrier Global during the fourth quarter worth approximately $31,000. Meeder Asset Management Inc. increased its stake in shares of Carrier Global by 236.1% in the fourth 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 last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new stake in Carrier Global in the fourth quarter valued at $42,000. 91.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CARR shares. Mizuho set a $72.00 target price on shares of Carrier Global in a research report on Tuesday. Barclays lowered their price target on Carrier Global from $87.00 to $83.00 and set an "overweight" rating for the company in a report on Wednesday, March 26th. Wolfe Research upgraded shares of Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 price target on the stock in a research report on Monday, February 24th. 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. Finally, Wells Fargo & Company decreased their target price 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. Five equities 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, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $79.73.

Carrier Global Price Performance

Shares of NYSE CARR traded down $0.26 during mid-day trading on Friday, reaching $60.05. 3,862,276 shares of the company traded hands, compared to its average volume of 5,627,033. 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 debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96. The stock has a fifty day simple moving average of $63.34 and a 200-day simple moving average of $69.10. The firm has a market cap of $51.88 billion, a PE ratio of 9.56, 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 quarterly earnings data on Tuesday, February 11th. The company reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.03. Carrier Global had a return on equity of 18.82% and a net margin of 23.83%. During the same quarter in the prior year, the firm posted $0.53 earnings per share. Equities research analysts anticipate that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Friday, May 2nd will be issued a $0.225 dividend. The ex-dividend date is Friday, May 2nd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.50%. Carrier Global's 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.