Carrier Global Co. (NYSE:CARR) Shares Sold by Trexquant Investment LP

Trexquant Investment LP lowered its position in Carrier Global Co. (NYSE:CARR - Free Report) by 58.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 67,219 shares of the company's stock after selling 93,257 shares during the quarter. Trexquant Investment LP's holdings in Carrier Global were worth $4,588,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CARR. Headlands Technologies LLC purchased a new position in Carrier Global in the 4th quarter worth about $795,000. Geode Capital Management LLC lifted its position in shares of Carrier Global by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 17,357,770 shares of the company's stock worth $1,181,300,000 after purchasing an additional 420,081 shares during the period. StoneX Group Inc. bought a new stake in Carrier Global during the 4th quarter valued at $914,000. B. Metzler seel. Sohn & Co. AG lifted its stake in shares of Carrier Global by 8.0% during the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 35,459 shares of the company's stock worth $2,420,000 after purchasing an additional 2,637 shares during the last quarter. Finally, Meeder Asset Management Inc. raised its holdings in Carrier Global by 236.1% in 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 in the last quarter. Institutional investors own 91.00% of the company's stock.

Carrier Global Stock Down 4.8 %

NYSE CARR traded down $2.93 during trading hours on Thursday, hitting $57.84. 2,113,535 shares of the company were exchanged, compared to its average volume of 4,471,986. The company has a 50 day moving average of $64.44 and a two-hundred day moving average of $70.60. The company has a quick ratio of 0.96, a current ratio of 1.25 and a debt-to-equity ratio of 0.77. The firm has a market cap of $49.98 billion, a price-to-earnings ratio of 9.23, a PEG 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.

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Carrier Global (NYSE:CARR - Get Free Report) last issued its earnings results on Tuesday, February 11th. The company reported $0.54 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 quarter in the prior year, the company earned $0.53 earnings per share. Equities research analysts anticipate that Carrier Global Co. will post 2.99 earnings per share for the current year.

Carrier Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Friday, May 2nd will be paid 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 presently 14.33%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on CARR shares. JPMorgan Chase & Co. cut their price target on shares of Carrier Global from $78.00 to $64.00 and set an "overweight" rating on the stock in a report on Tuesday. Wells Fargo & Company reduced their target price on Carrier Global from $75.00 to $70.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 12th. Citigroup dropped their target price on Carrier Global from $94.00 to $90.00 and set a "buy" rating on the stock in a research report on Monday, January 13th. The Goldman Sachs Group started coverage on shares of Carrier Global in a research report on Thursday, December 12th. They set a "buy" rating and a $96.00 price target for the company. Finally, Mizuho upgraded shares of Carrier Global from a "neutral" rating to an "outperform" rating and set a $78.00 target price for the company in a research note on Friday, February 14th. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Carrier Global presently has a consensus rating of "Moderate Buy" and a consensus price target of $81.33.

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.