Fiera Capital Corp Has $493.35 Million Holdings in Carrier Global Co. (NYSE:CARR)

Fiera Capital Corp reduced its stake in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 4.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,227,508 shares of the company's stock after selling 350,404 shares during the quarter. Carrier Global makes up approximately 1.6% of Fiera Capital Corp's portfolio, making the stock its 18th largest position. Fiera Capital Corp owned about 0.81% of Carrier Global worth $493,350,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. FSA Wealth Management LLC bought a new position in Carrier Global during the third quarter valued at approximately $28,000. McClarren Financial Advisors Inc. raised its position in Carrier Global by 246.0% during the third quarter. McClarren Financial Advisors Inc. now owns 436 shares of the company's stock valued at $35,000 after acquiring an additional 310 shares in the last quarter. Coastline Trust Co bought a new position in Carrier Global during the third quarter valued at approximately $37,000. Capital Performance Advisors LLP bought a new position in Carrier Global during the third quarter valued at approximately $44,000. Finally, Ashton Thomas Securities LLC bought a new position in Carrier Global during the third quarter valued at approximately $50,000. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Carrier Global Stock Performance

Carrier Global stock traded up $1.52 on Friday, hitting $65.19. The company's stock had a trading volume of 6,750,573 shares, compared to its average volume of 5,689,759. The firm has a market cap of $58.49 billion, a P/E ratio of 16.50, a price-to-earnings-growth ratio of 2.11 and a beta of 1.35. The company has a quick ratio of 0.82, a current ratio of 1.08 and a debt-to-equity ratio of 0.69. The company has a fifty day moving average price of $68.17 and a 200-day moving average price of $72.30. Carrier Global Co. has a one year low of $53.13 and a one year high of $83.32.

Carrier Global (NYSE:CARR - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.03. Carrier Global had a net margin of 14.98% and a return on equity of 20.52%. During the same period last year, the firm posted $0.53 EPS. On average, equities analysts anticipate that Carrier Global Co. will post 2.52 earnings per share for the current year.

Carrier Global announced that its board has authorized a stock buyback program on Thursday, October 24th that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 4.6% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's board believes its shares are undervalued.

Carrier Global Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, December 20th were issued a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 1.38%. The ex-dividend date was Friday, December 20th. This is a positive change from Carrier Global's previous quarterly dividend of $0.19. Carrier Global's payout ratio is 22.78%.

Wall Street Analyst Weigh In

CARR has been the topic of a number of recent analyst reports. Barclays dropped their price target on shares of Carrier Global from $90.00 to $87.00 and set an "overweight" rating on the stock in a research report on Wednesday. Wells Fargo & Company dropped their price target on shares of Carrier Global from $75.00 to $70.00 and set an "equal weight" rating on the stock in a research report on Wednesday. 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 price target on the stock. Stephens dropped their price target on shares of Carrier Global from $85.00 to $80.00 and set an "equal weight" rating on the stock in a research report on Monday, October 28th. Finally, UBS Group raised shares of Carrier Global from a "neutral" rating to a "buy" rating and set a $94.00 price target on the stock in a research report on Wednesday, November 13th. Seven equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Carrier Global currently has an average rating of "Moderate Buy" and an average target price of $82.64.

Carrier Global Company 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.