Carrier Global Co. (NYSE:CARR) Holdings Reduced by Reynders McVeigh Capital Management LLC

Reynders McVeigh Capital Management LLC lessened its holdings in Carrier Global Co. (NYSE:CARR - Free Report) by 2.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 911,495 shares of the company's stock after selling 23,315 shares during the quarter. Carrier Global accounts for 3.3% of Reynders McVeigh Capital Management LLC's investment portfolio, making the stock its 5th biggest position. Reynders McVeigh Capital Management LLC owned 0.10% of Carrier Global worth $62,219,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in CARR. UMB Bank n.a. grew its holdings in shares of Carrier Global by 1.1% in the fourth quarter. UMB Bank n.a. now owns 13,293 shares of the company's stock worth $907,000 after purchasing an additional 143 shares during the last quarter. Chicago Partners Investment Group LLC increased its position in shares of Carrier Global by 2.6% in the fourth quarter. Chicago Partners Investment Group LLC now owns 5,887 shares of the company's stock valued at $403,000 after acquiring an additional 147 shares during the period. Hanson & Doremus Investment Management raised its stake in shares of Carrier Global by 6.2% during the fourth quarter. Hanson & Doremus Investment Management now owns 2,572 shares of the company's stock valued at $176,000 after acquiring an additional 150 shares during the last quarter. BOK Financial Private Wealth Inc. boosted 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 period. Finally, Garden State Investment Advisory Services LLC grew its stake 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 worth $480,000 after purchasing an additional 161 shares during the last quarter. 91.00% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CARR shares. Mizuho upgraded Carrier Global from a "neutral" rating to an "outperform" rating and set a $78.00 price objective on the stock in a research report on Friday, February 14th. Wells Fargo & Company cut their price target on shares of Carrier Global from $75.00 to $70.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 12th. Citigroup decreased their price objective on shares of Carrier Global from $89.00 to $72.00 and set a "buy" rating for the company in a report on Monday. 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 note on Wednesday, March 26th. Finally, Royal Bank of Canada decreased their price target on shares of Carrier Global from $86.00 to $76.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th. Five equities research 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 MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $80.13.

Carrier Global Stock Performance

Shares of CARR stock traded down $0.11 during trading hours on Tuesday, reaching $60.48. The company had a trading volume of 4,390,677 shares, compared to its average volume of 4,516,328. The firm has a market cap of $52.26 billion, a PE ratio of 9.63, a price-to-earnings-growth ratio of 2.01 and a beta of 1.33. The business has a fifty day moving average price of $64.09 and a 200-day moving average price of $70.04. Carrier Global Co. has a one year low of $53.33 and a one year 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 announced 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 period in the previous year, the business earned $0.53 EPS. Sell-side analysts predict that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Friday, May 2nd will be paid a $0.225 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $0.90 annualized dividend and a dividend yield of 1.49%. 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.