Carrier Global Co. (NYSE:CARR) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. cut its position in Carrier Global Co. (NYSE:CARR - Free Report) by 10.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,655,080 shares of the company's stock after selling 442,846 shares during the period. Victory Capital Management Inc. owned 0.41% of Carrier Global worth $249,496,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. RFG Advisory LLC lifted its holdings in Carrier Global by 36.2% during the 4th quarter. RFG Advisory LLC now owns 7,170 shares of the company's stock worth $489,000 after buying an additional 1,904 shares during the last quarter. Princeton Global Asset Management LLC boosted its holdings in shares of Carrier Global by 1,156.1% in the 4th quarter. Princeton Global Asset Management LLC now owns 20,663 shares of the company's stock valued at $1,410,000 after buying an additional 19,018 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in Carrier Global by 12.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 100,440 shares of the company's stock worth $8,084,000 after acquiring an additional 11,032 shares in the last quarter. Cerity Partners LLC boosted its stake in Carrier Global by 39.0% in the third quarter. Cerity Partners LLC now owns 136,821 shares of the company's stock valued at $11,013,000 after acquiring an additional 38,365 shares in the last quarter. Finally, Miracle Mile Advisors LLC purchased a new position in shares of Carrier Global during the fourth quarter worth about $2,213,000. 91.00% of the stock is owned by hedge funds and other institutional investors.

Carrier Global Price Performance

Shares of NYSE CARR traded up $0.42 on Thursday, hitting $65.29. The company's stock had a trading volume of 4,683,894 shares, compared to its average volume of 5,924,756. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96. The stock has a 50 day moving average of $66.80 and a 200-day moving average of $72.30. Carrier Global Co. has a 12-month low of $53.33 and a 12-month high of $83.32. The company has a market capitalization of $56.41 billion, a price-to-earnings ratio of 10.40, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35.

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

Carrier Global Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, December 20th were paid a dividend of $0.225 per share. This is a boost from Carrier Global's previous quarterly dividend of $0.19. This represents a $0.90 annualized dividend and a dividend yield of 1.38%. The ex-dividend date was Friday, December 20th. Carrier Global's dividend payout ratio (DPR) is currently 14.33%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Citigroup decreased their target price on Carrier Global from $94.00 to $90.00 and set a "buy" rating for the company in a research report on Monday, January 13th. Barclays reduced their price target on shares of Carrier Global from $90.00 to $87.00 and set an "overweight" rating for the company in a research report on Wednesday, February 12th. Wells Fargo & Company dropped their price target on Carrier Global from $75.00 to $70.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 12th. Royal Bank of Canada decreased 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, February 12th. Finally, Wolfe Research upgraded Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 price target for the company in a research note on Monday, February 24th. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $82.53.

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.