Carrier Global Co. (NYSE:CARR) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC lessened its stake in Carrier Global Co. (NYSE:CARR - Free Report) by 49.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,260,505 shares of the company's stock after selling 1,250,349 shares during the period. Voya Investment Management LLC owned about 0.14% of Carrier Global worth $86,042,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. BOK Financial Private Wealth Inc. boosted its stake in Carrier Global by 80.0% during the 4th quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company's stock worth $25,000 after purchasing an additional 160 shares during the last quarter. Ritter Daniher Financial Advisory LLC DE lifted its stake in Carrier Global by 90.0% in the 4th 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 shares of Carrier Global during the 4th quarter worth approximately $31,000. Meeder Asset Management Inc. grew its position in shares of Carrier Global by 236.1% in the fourth quarter. Meeder Asset Management Inc. now owns 484 shares of the company's stock valued at $33,000 after purchasing an additional 340 shares in the last quarter. Finally, Transce3nd LLC acquired a new stake in shares of Carrier Global in the fourth quarter valued at approximately $37,000. 91.00% of the stock is owned by hedge funds and other institutional investors.

Carrier Global Stock Performance

NYSE:CARR traded up $0.49 during mid-day trading on Monday, reaching $60.55. 4,197,249 shares of the stock were exchanged, compared to its average volume of 4,487,772. The company has a quick ratio of 0.96, a current ratio of 1.25 and a debt-to-equity ratio of 0.77. Carrier Global Co. has a 1 year low of $54.22 and a 1 year high of $83.32. The company has a 50 day simple moving average of $63.21 and a 200-day simple moving average of $68.79. The stock has a market capitalization of $52.31 billion, a P/E ratio of 9.64, a P/E/G ratio of 2.01 and a beta of 1.33.

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, topping the consensus estimate 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 posted $0.53 EPS. Analysts anticipate that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Friday, May 2nd will be given a dividend of $0.225 per share. The ex-dividend date is Friday, May 2nd. This represents a $0.90 dividend on an annualized basis and a yield of 1.49%. Carrier Global's payout ratio is currently 14.33%.

Wall Street Analyst Weigh In

Several analysts have issued reports on CARR shares. Wolfe Research upgraded Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 target price for the company in a report on Monday, February 24th. Barclays lowered their price target on Carrier Global from $87.00 to $83.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. Citigroup cut their price objective on Carrier Global from $89.00 to $72.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Mizuho set a $72.00 target price on Carrier Global in a report on Tuesday, April 22nd. Finally, Royal Bank of Canada reduced their price target on shares of Carrier Global from $86.00 to $76.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 12th. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Carrier Global has a consensus rating of "Moderate Buy" and a consensus price target of $79.73.

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.