SG Americas Securities LLC Has $126,000 Holdings in Carrier Global Co. (NYSE:CARR)

SG Americas Securities LLC reduced its stake in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 99.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,851 shares of the company's stock after selling 249,375 shares during the quarter. SG Americas Securities LLC's holdings in Carrier Global were worth $126,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Exchange Traded Concepts LLC increased its holdings in Carrier Global by 69.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,187 shares of the company's stock worth $96,000 after purchasing an additional 487 shares during the last quarter. Koshinski Asset Management Inc. purchased a new stake in Carrier Global during the 3rd quarter worth approximately $201,000. Procyon Advisors LLC increased its holdings in Carrier Global by 13.8% during the 3rd quarter. Procyon Advisors LLC now owns 5,730 shares of the company's stock worth $461,000 after purchasing an additional 697 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in Carrier Global during the 3rd quarter worth approximately $208,000. Finally, Wesbanco Bank Inc. increased its holdings in Carrier Global by 3.3% during the 3rd quarter. Wesbanco Bank Inc. now owns 47,529 shares of the company's stock worth $3,826,000 after purchasing an additional 1,498 shares during the last quarter. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CARR shares. UBS Group upgraded Carrier Global from a "neutral" rating to a "buy" rating and set a $94.00 price objective on the stock in a report on Wednesday, November 13th. Royal Bank of Canada reduced their price objective on Carrier Global from $86.00 to $76.00 and set an "outperform" rating for the company in a research report on Wednesday. Robert W. Baird reduced their price target on Carrier Global from $88.00 to $86.00 and set an "outperform" rating for the company in a research report on Friday, October 25th. Wells Fargo & Company reduced their price target on Carrier Global from $75.00 to $70.00 and set an "equal weight" rating for the company in a research report on Wednesday. Finally, Mizuho upgraded Carrier Global from a "neutral" rating to an "outperform" rating and set a $78.00 price target for the company in a research report on Friday. Seven investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $82.64.

Carrier Global Stock Up 2.4 %

Shares of CARR traded up $1.52 during trading hours on Friday, hitting $65.19. 6,750,573 shares of the company were exchanged, compared to its average volume of 5,689,759. The company has a market cap of $56.61 billion, a PE ratio of 16.50, a PEG ratio of 2.11 and a beta of 1.35. The firm's 50 day moving average is $68.17 and its 200-day moving average is $72.26. Carrier Global Co. has a 52 week low of $53.13 and a 52 week high of $83.32. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.82 and a current ratio of 1.08.

Carrier Global (NYSE:CARR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.51 by $0.03. Carrier Global had a return on equity of 20.52% and a net margin of 14.98%. During the same period in the previous year, the business posted $0.53 earnings per share. On average, equities research analysts forecast that Carrier Global Co. will post 2.52 EPS for the current fiscal year.

Carrier Global Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, December 20th were given a dividend of $0.225 per share. The ex-dividend date was Friday, December 20th. This is a positive change from Carrier Global's previous quarterly dividend of $0.19. This represents a $0.90 dividend on an annualized basis and a yield of 1.38%. Carrier Global's dividend payout ratio is 14.33%.

Carrier Global announced that its board has approved a share buyback program on Thursday, October 24th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 4.6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

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.