DRW Securities LLC Trims Holdings in Carrier Global Co. (NYSE:CARR)

DRW Securities LLC reduced its stake in Carrier Global Co. (NYSE:CARR - Free Report) by 58.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,882 shares of the company's stock after selling 5,413 shares during the period. DRW Securities LLC's holdings in Carrier Global were worth $265,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC lifted its holdings 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 in the last quarter. Fisher Asset Management LLC raised its holdings 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 valued at $977,028,000 after purchasing an additional 46,222 shares during the period. Norges Bank acquired a new position in shares of Carrier Global during the 4th quarter worth approximately $588,029,000. Pictet Asset Management Holding SA lifted its position in Carrier Global by 2.1% during the fourth 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 during the last quarter. Finally, Invesco Ltd. raised its stake in Carrier Global by 40.3% in the 4th quarter. Invesco Ltd. now owns 5,057,148 shares of the company's stock worth $345,201,000 after purchasing an additional 1,453,247 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company's stock.

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Carrier Global Stock Performance

NYSE:CARR traded down $0.58 during trading hours on Wednesday, hitting $59.89. 963,433 shares of the company were exchanged, compared to its average volume of 5,664,523. 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 company's 50 day moving average price is $64.09 and its 200-day moving average price is $70.04. Carrier Global Co. has a 52-week low of $53.33 and a 52-week high of $83.32. The stock has a market capitalization of $51.74 billion, a price-to-earnings ratio of 9.54, a PEG 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 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 business posted $0.53 EPS. As a group, research analysts forecast that Carrier Global Co. will post 2.99 earnings per share for the current year.

Carrier Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Friday, May 2nd will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date is Friday, May 2nd. Carrier Global's dividend payout ratio is presently 14.33%.

Analyst Upgrades and Downgrades

Several research analysts have commented on CARR shares. Royal Bank of Canada lowered their target price on Carrier Global from $86.00 to $76.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th. Citigroup dropped their target price on shares of Carrier Global from $89.00 to $72.00 and set a "buy" rating on the stock in a report on Monday. Wolfe Research upgraded Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 target price for the company in a research note on Monday, February 24th. Mizuho upgraded Carrier Global from a "neutral" rating to an "outperform" rating and set a $78.00 target price on the stock in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. decreased their price target on Carrier Global from $78.00 to $64.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus 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.