Grantham Mayo Van Otterloo & Co. LLC Sells 58,600 Shares of Carrier Global Co. (NYSE:CARR)

Grantham Mayo Van Otterloo & Co. LLC trimmed its position in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 21.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 209,785 shares of the company's stock after selling 58,600 shares during the period. Grantham Mayo Van Otterloo & Co. LLC's holdings in Carrier Global were worth $14,320,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of CARR. Morse Asset Management Inc acquired a new stake in shares of Carrier Global during the 3rd quarter valued at about $201,000. Quantinno Capital Management LP lifted its stake in Carrier Global by 116.9% during the third quarter. Quantinno Capital Management LP now owns 47,906 shares of the company's stock worth $3,856,000 after purchasing an additional 25,822 shares during the period. Stifel Financial Corp boosted its holdings in Carrier Global by 4.3% during the third quarter. Stifel Financial Corp now owns 375,511 shares of the company's stock valued at $30,225,000 after purchasing an additional 15,516 shares in the last quarter. Weiss Asset Management LP acquired a new stake in Carrier Global during the third quarter valued at approximately $1,528,000. Finally, Wellington Management Group LLP grew its stake in shares of Carrier Global by 761.6% in the 3rd quarter. Wellington Management Group LLP now owns 45,064 shares of the company's stock valued at $3,627,000 after purchasing an additional 39,834 shares during the period. Institutional investors own 91.00% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Barclays cut their target price on Carrier Global from $87.00 to $83.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. Mizuho raised Carrier Global from a "neutral" rating to an "outperform" rating and set a $78.00 price objective for the company in a report on Friday, February 14th. Royal Bank of Canada lowered their target price 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. Citigroup cut their price target on shares of Carrier Global from $94.00 to $90.00 and set a "buy" rating for the company in a report on Monday, January 13th. Finally, Wolfe Research upgraded shares of Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 price target on the stock in a research report on Monday, February 24th. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $81.33.

Carrier Global Trading Up 0.1 %

CARR traded up $0.09 during mid-day trading on Friday, reaching $59.14. The stock had a trading volume of 7,161,217 shares, compared to its average volume of 4,513,526. The firm's fifty day simple moving average is $64.27 and its two-hundred day simple moving average is $70.31. The stock has a market capitalization of $51.09 billion, a P/E ratio of 9.42, a P/E/G ratio of 2.01 and a beta of 1.33. Carrier Global Co. has a 52 week low of $53.33 and a 52 week high of $83.32. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25.

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, beating 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 period in the previous year, the business earned $0.53 EPS. On average, equities analysts predict that Carrier Global Co. will post 2.99 EPS for the current year.

Carrier Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Friday, May 2nd will be paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date is Friday, May 2nd. Carrier Global's dividend payout ratio (DPR) is 14.33%.

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.