Cerity Partners LLC Sells 6,012 Shares of Carrier Global Co. (NYSE:CARR)

Cerity Partners LLC reduced its stake in Carrier Global Co. (NYSE:CARR - Free Report) by 4.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 130,809 shares of the company's stock after selling 6,012 shares during the period. Cerity Partners LLC's holdings in Carrier Global were worth $9,274,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of CARR. UMB Bank n.a. lifted its holdings in Carrier Global by 1.1% during the 4th quarter. UMB Bank n.a. now owns 13,293 shares of the company's stock valued at $907,000 after purchasing an additional 143 shares during the last quarter. Chicago Partners Investment Group LLC increased its holdings in Carrier Global by 2.6% during the 4th quarter. Chicago Partners Investment Group LLC now owns 5,887 shares of the company's stock valued at $403,000 after purchasing an additional 147 shares in the last quarter. Hanson & Doremus Investment Management raised its position in Carrier Global by 6.2% in the 4th quarter. Hanson & Doremus Investment Management now owns 2,572 shares of the company's stock valued at $176,000 after purchasing an additional 150 shares during the last quarter. BOK Financial Private Wealth Inc. grew its holdings 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 during the last quarter. Finally, Garden State Investment Advisory Services LLC raised its holdings in shares of Carrier Global by 2.8% in the third quarter. Garden State Investment Advisory Services LLC now owns 5,950 shares of the company's stock valued at $480,000 after buying an additional 161 shares during the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.

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Carrier Global Stock Performance

NYSE CARR traded down $0.38 on Tuesday, reaching $60.21. The stock had a trading volume of 2,479,637 shares, compared to its average volume of 4,505,178. The company has a market cap of $52.02 billion, a P/E ratio of 9.59, a price-to-earnings-growth ratio of 2.01 and a beta of 1.33. Carrier Global Co. has a 1-year low of $53.33 and a 1-year 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 firm has a fifty day moving average of $64.19 and a two-hundred day moving average of $70.11.

Carrier Global (NYSE:CARR - Get Free Report) last released its earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate 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 last year, the company posted $0.53 EPS. On average, equities research analysts anticipate that Carrier Global Co. will post 2.99 EPS for the current year.

Carrier Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Friday, May 2nd will be issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend is Friday, May 2nd. Carrier Global's dividend payout ratio (DPR) is presently 14.33%.

Wall Street Analyst Weigh In

CARR has been the subject of several research reports. Wells Fargo & Company lowered 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. Barclays cut their target price on shares of Carrier Global from $87.00 to $83.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 26th. Citigroup lowered their price target on shares of Carrier Global from $89.00 to $72.00 and set a "buy" rating for the company in a research report on Monday. Royal Bank of Canada cut their price objective on shares of Carrier Global from $86.00 to $76.00 and set an "outperform" rating on the stock in a report on Wednesday, February 12th. Finally, Wolfe Research raised shares of Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 target price for the company in a report on Monday, February 24th. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $80.13.

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.