Massachusetts Financial Services Co. MA Has $54.66 Million Position in Carrier Global Co. (NYSE:CARR)

Massachusetts Financial Services Co. MA lessened its holdings in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 15.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 800,685 shares of the company's stock after selling 146,189 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.09% of Carrier Global worth $54,655,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. BOK Financial Private Wealth Inc. increased its holdings in shares of Carrier Global by 80.0% during the 4th quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company's stock worth $25,000 after buying an additional 160 shares during the last quarter. Bradley & Co. Private Wealth Management LLC acquired a new stake in Carrier Global during the 4th quarter worth approximately $31,000. Meeder Asset Management Inc. raised its stake in shares of Carrier Global by 236.1% in the 4th quarter. Meeder Asset Management Inc. now owns 484 shares of the company's stock valued at $33,000 after acquiring an additional 340 shares during the period. Roxbury Financial LLC acquired a new stake in Carrier Global in the 4th quarter valued at $49,000. Finally, Centricity Wealth Management LLC purchased a new stake in shares of Carrier Global during the 4th quarter valued at about $49,000. Institutional investors and hedge funds own 91.00% of the company's stock.

Analyst Upgrades and Downgrades

CARR has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lowered their price target on shares of Carrier Global from $78.00 to $64.00 and set an "overweight" rating for the company in a report on Tuesday. Barclays dropped their target price on 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 reduced their price target on Carrier Global from $94.00 to $90.00 and set a "buy" rating for the company in a report on Monday, January 13th. Royal Bank of Canada dropped their price objective on Carrier Global from $86.00 to $76.00 and set an "outperform" rating on the stock in a report on Wednesday, February 12th. Finally, The Goldman Sachs Group began coverage on Carrier Global in a research note on Thursday, December 12th. They set a "buy" rating and a $96.00 target price for the company. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Carrier Global has an average rating of "Moderate Buy" and an average target price of $81.33.

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Carrier Global Price Performance

Shares of NYSE:CARR traded down $2.93 during trading on Thursday, reaching $57.84. The company had a trading volume of 2,113,535 shares, compared to its average volume of 4,471,986. Carrier Global Co. has a twelve month low of $53.33 and a twelve month high of $83.32. The firm has a market capitalization of $49.98 billion, a PE ratio of 9.23, a price-to-earnings-growth ratio of 2.01 and a beta of 1.33. The firm's fifty day moving average is $64.44 and its 200 day moving average is $70.60. 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, 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 last year, the business earned $0.53 earnings per share. On average, equities analysts forecast that Carrier Global Co. will post 2.99 EPS for the current year.

Carrier Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Friday, May 2nd will be issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 1.56%. Carrier Global's dividend payout ratio is currently 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.