Rockefeller Capital Management L.P. decreased its holdings in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 30.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 825,479 shares of the company's stock after selling 366,153 shares during the period. Rockefeller Capital Management L.P. owned about 0.09% of Carrier Global worth $56,328,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. BOK Financial Private Wealth Inc. boosted its stake in shares of Carrier Global by 80.0% in the 4th quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company's stock valued at $25,000 after purchasing an additional 160 shares in the last quarter. Ritter Daniher Financial Advisory LLC DE boosted its stake in Carrier Global by 90.0% in the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 380 shares of the company's stock worth $26,000 after purchasing an additional 180 shares in the last quarter. Bradley & Co. Private Wealth Management LLC acquired a new position in Carrier Global in the fourth quarter worth $31,000. Meeder Asset Management Inc. grew its holdings in shares of Carrier Global by 236.1% during the fourth quarter. Meeder Asset Management Inc. now owns 484 shares of the company's stock worth $33,000 after purchasing an additional 340 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new stake in shares of Carrier Global in the fourth quarter valued at $42,000. 91.00% of the stock is owned by institutional investors and hedge funds.
Carrier Global Price Performance
Carrier Global stock opened at $59.14 on Friday. 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 firm has a market capitalization of $51.09 billion, a P/E ratio of 9.42, a PEG ratio of 2.01 and a beta of 1.33. The business has a 50-day moving average of $64.27 and a 200-day moving average of $70.31. Carrier Global Co. has a 1 year low of $53.33 and a 1 year high of $83.32.
Carrier Global (NYSE:CARR - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) for the quarter, beating 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 quarter in the previous year, the company earned $0.53 earnings per share. On average, equities analysts anticipate that Carrier Global Co. will post 2.99 EPS for the current year.
Carrier Global Dividend Announcement
The firm also recently disclosed 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 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend is Friday, May 2nd. Carrier Global's payout ratio is presently 14.33%.
Analysts Set New Price Targets
CARR has been the topic of a number of research analyst reports. Royal Bank of Canada decreased 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. Wells Fargo & Company decreased 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 research note on Wednesday, February 12th. Citigroup dropped their price objective on shares of Carrier Global from $94.00 to $90.00 and set a "buy" rating for the company in a research report on Monday, January 13th. 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. Finally, Barclays lowered their target price on Carrier Global from $87.00 to $83.00 and set an "overweight" rating for the company in a research note on Wednesday, March 26th. Five 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. Based on data from MarketBeat.com, Carrier Global presently has an average rating of "Moderate Buy" and an average price target of $81.33.
Check Out Our Latest Stock Report on CARR
Carrier Global Company Profile
(
Free Report)
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.
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