Pathway Financial Advisers LLC Sells 58,090 Shares of Carrier Global Co. (NYSE:CARR)

Pathway Financial Advisers LLC cut its position in Carrier Global Co. (NYSE:CARR - Free Report) by 98.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 733 shares of the company's stock after selling 58,090 shares during the quarter. Pathway Financial Advisers LLC's holdings in Carrier Global were worth $50,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. TFC Financial Management Inc. grew its stake in Carrier Global by 11.0% in the fourth quarter. TFC Financial Management Inc. now owns 4,330 shares of the company's stock valued at $296,000 after acquiring an additional 428 shares during the period. MFG Wealth Management Inc. bought a new position in shares of Carrier Global in the fourth quarter valued at approximately $3,274,000. Naples Global Advisors LLC lifted its holdings in shares of Carrier Global by 8.2% in the fourth quarter. Naples Global Advisors LLC now owns 6,385 shares of the company's stock valued at $437,000 after purchasing an additional 485 shares in the last quarter. Kentucky Trust Co bought a new position in shares of Carrier Global in the fourth quarter valued at approximately $82,000. Finally, Valley Brook Capital Group Inc. lifted its holdings in shares of Carrier Global by 2.4% in the fourth quarter. Valley Brook Capital Group Inc. now owns 13,793 shares of the company's stock valued at $942,000 after purchasing an additional 325 shares in the last quarter. 91.00% of the stock is currently owned by institutional investors.

Carrier Global Trading Up 2.4 %

Shares of NYSE CARR traded up $1.52 during midday trading on Monday, reaching $65.19. The company had a trading volume of 6,750,573 shares, compared to its average volume of 5,689,759. Carrier Global Co. has a one year low of $53.13 and a one year high of $83.32. 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 firm's fifty day moving average price is $68.01 and its 200-day moving average price is $72.32. The stock has a market cap of $58.49 billion, a PE ratio of 16.50, a price-to-earnings-growth ratio of 2.11 and a beta of 1.35.

Carrier Global (NYSE:CARR - Get Free Report) last posted its earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.51 by $0.03. Carrier Global had a return on equity of 20.52% and a net margin of 14.98%. During the same quarter in the prior year, the business posted $0.53 EPS. On average, equities research 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 repurchase program on Thursday, October 24th that authorizes the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 4.6% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its stock is undervalued.

Carrier Global Increases Dividend

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

Analysts Set New Price Targets

CARR has been the topic of a number of recent research reports. Stephens dropped their target price on Carrier Global from $85.00 to $80.00 and set an "equal weight" rating on the stock in a report on Monday, October 28th. Robert W. Baird dropped their target price on Carrier Global from $88.00 to $86.00 and set an "outperform" rating on the stock in a report on Friday, October 25th. Wells Fargo & Company dropped their target price on Carrier Global from $75.00 to $70.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 12th. Barclays dropped their price target on Carrier Global from $90.00 to $87.00 and set an "overweight" rating on the stock in a report on Wednesday, February 12th. Finally, Citigroup dropped their price target on Carrier Global from $94.00 to $90.00 and set a "buy" rating on the stock in a report on Monday, January 13th. Seven equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $82.64.

About Carrier Global

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.