Carrier Global Co. (NYSE:CARR) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. lessened its stake in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 5.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 683,675 shares of the company's stock after selling 42,180 shares during the period. Vontobel Holding Ltd. owned about 0.08% of Carrier Global worth $46,668,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Catalyst Financial Partners LLC increased its stake in shares of Carrier Global by 6.0% in the fourth quarter. Catalyst Financial Partners LLC now owns 3,698 shares of the company's stock worth $252,000 after purchasing an additional 210 shares in the last quarter. Asset Management One Co. Ltd. increased its stake in shares of Carrier Global by 1.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 475,850 shares of the company's stock worth $32,786,000 after purchasing an additional 8,746 shares in the last quarter. TFC Financial Management Inc. increased its stake in shares of Carrier Global by 11.0% in the fourth quarter. TFC Financial Management Inc. now owns 4,330 shares of the company's stock worth $296,000 after purchasing an additional 428 shares in the last quarter. MFG Wealth Management Inc. purchased a new position in shares of Carrier Global in the fourth quarter worth about $3,274,000. Finally, Naples Global Advisors LLC increased its stake in shares of Carrier Global by 8.2% in the fourth quarter. Naples Global Advisors LLC now owns 6,385 shares of the company's stock worth $437,000 after purchasing an additional 485 shares in the last quarter. Hedge funds and other institutional investors own 91.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CARR. UBS Group raised shares of Carrier Global from a "neutral" rating to a "buy" rating and set a $94.00 price objective for the company in a research note on Wednesday, November 13th. JPMorgan Chase & Co. reduced their price objective on shares of Carrier Global from $83.00 to $77.00 and set a "neutral" rating for the company in a research note on Wednesday, January 15th. Wells Fargo & Company dropped their target price on shares of Carrier Global from $75.00 to $70.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 12th. 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 report on Friday. Finally, The Goldman Sachs Group assumed coverage on shares of Carrier Global in a research report on Thursday, December 12th. They set a "buy" rating and a $96.00 target price for the company. Seven investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $82.64.

Carrier Global Trading Up 2.2 %

Shares of NYSE CARR traded up $1.42 during mid-day trading on Tuesday, hitting $66.55. The stock had a trading volume of 7,756,159 shares, compared to its average volume of 5,963,728. 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 Co. has a 1 year low of $53.13 and a 1 year high of $83.32. The business has a 50 day moving average price of $67.89 and a two-hundred day moving average price of $72.34. The firm has a market cap of $59.71 billion, a P/E ratio of 16.85, a price-to-earnings-growth ratio of 2.11 and a beta of 1.35.

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

Carrier Global announced that its Board of Directors has authorized a stock repurchase program on Thursday, October 24th that allows the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 4.6% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its stock is undervalued.

Carrier Global Increases Dividend

The company also recently announced 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. The ex-dividend date was Friday, December 20th. This represents a $0.90 dividend on an annualized basis and a yield of 1.35%. Carrier Global's dividend payout ratio (DPR) is presently 22.78%.

About Carrier Global

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.