Carrier Global Co. (NYSE:CARR) Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL cut its holdings in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 16.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 132,399 shares of the company's stock after selling 26,370 shares during the quarter. Gamco Investors INC. ET AL's holdings in Carrier Global were worth $9,038,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of CARR. BOK Financial Private Wealth Inc. lifted its position in shares of Carrier Global by 80.0% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company's stock valued at $25,000 after acquiring an additional 160 shares in the last quarter. Ritter Daniher Financial Advisory LLC DE boosted its position in shares of Carrier Global by 90.0% during the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 380 shares of the company's stock worth $26,000 after buying an additional 180 shares during the period. Bradley & Co. Private Wealth Management LLC acquired a new position in Carrier Global in the 4th quarter valued at about $31,000. Meeder Asset Management Inc. increased its stake in Carrier Global by 236.1% during the 4th 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 period. Finally, Aster Capital Management DIFC Ltd acquired a new stake in shares of Carrier Global in the fourth quarter valued at $42,000. Hedge funds and other institutional investors own 91.00% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Barclays decreased their price target on shares of Carrier Global from $87.00 to $83.00 and set an "overweight" rating for the company in a research note on Wednesday, March 26th. JPMorgan Chase & Co. lowered their price target on Carrier Global from $78.00 to $64.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Citigroup dropped their target price on shares of Carrier Global from $89.00 to $72.00 and set a "buy" rating for the company in a report on Monday, April 14th. Wells Fargo & Company reduced their price objective on Carrier Global from $75.00 to $70.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 12th. Finally, Wolfe Research upgraded Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 price target 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $80.13.

Carrier Global Stock Up 1.5 %

CARR stock traded up $0.89 during trading on Tuesday, reaching $59.07. The stock had a trading volume of 677,741 shares, compared to its average volume of 5,597,525. Carrier Global Co. has a 1-year low of $53.66 and a 1-year high of $83.32. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $51.04 billion, a P/E ratio of 9.40, a PEG ratio of 2.01 and a beta of 1.33. The firm has a fifty day moving average price of $63.65 and a 200 day moving average price of $69.38.

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

Carrier Global Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $0.90 dividend on an annualized basis and a yield of 1.52%. Carrier Global's dividend payout ratio (DPR) is presently 14.33%.

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.