Wells Fargo & Company MN trimmed its holdings in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 9.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,207,401 shares of the company's stock after selling 131,319 shares during the quarter. Wells Fargo & Company MN owned approximately 0.13% of Carrier Global worth $82,417,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. increased its stake in shares of Carrier Global by 1.1% in the 4th quarter. UMB Bank n.a. now owns 13,293 shares of the company's stock worth $907,000 after purchasing an additional 143 shares in the last quarter. Chicago Partners Investment Group LLC grew its holdings in Carrier Global by 2.6% during the fourth quarter. Chicago Partners Investment Group LLC now owns 5,887 shares of the company's stock valued at $403,000 after purchasing an additional 147 shares during the period. Hanson & Doremus Investment Management increased its position in Carrier Global by 6.2% in the fourth quarter. Hanson & Doremus Investment Management now owns 2,572 shares of the company's stock worth $176,000 after buying an additional 150 shares in the last quarter. BOK Financial Private Wealth Inc. raised its stake in shares of Carrier Global by 80.0% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company's stock worth $25,000 after buying an additional 160 shares during the period. Finally, Garden State Investment Advisory Services LLC lifted its position in shares of Carrier Global by 2.8% during the 3rd quarter. Garden State Investment Advisory Services LLC now owns 5,950 shares of the company's stock valued at $480,000 after buying an additional 161 shares in the last quarter. 91.00% of the stock is owned by hedge funds and other institutional investors.
Carrier Global Price Performance
CARR stock traded up $0.09 during trading on Friday, hitting $59.14. 7,161,217 shares of the company's stock traded hands, compared to its average volume of 4,508,964. The business has a fifty day simple moving average of $64.27 and a 200 day simple moving average of $70.25. Carrier Global Co. has a 52 week low of $53.33 and a 52 week high of $83.32. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25. The stock has a market capitalization of $51.09 billion, a price-to-earnings ratio of 9.42, a P/E/G ratio of 2.01 and a beta of 1.33.
Carrier Global (NYSE:CARR - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 EPS 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 period last year, the company earned $0.53 earnings per share. As a group, research analysts expect that Carrier Global Co. will post 2.99 EPS for the current fiscal year.
Carrier Global Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Friday, May 2nd will be issued a dividend of $0.225 per share. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $0.90 annualized dividend and a yield of 1.52%. Carrier Global's payout ratio is presently 14.33%.
Analyst Ratings Changes
Several equities research analysts recently issued reports on CARR shares. Citigroup reduced their target price on shares of Carrier Global from $94.00 to $90.00 and set a "buy" rating for the company in a report on Monday, January 13th. Barclays reduced their price objective on shares of Carrier Global from $87.00 to $83.00 and set an "overweight" rating for the company in a research note on Wednesday, March 26th. JPMorgan Chase & Co. dropped their target price on shares of Carrier Global from $78.00 to $64.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. 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 note on Friday, February 14th. Finally, Royal Bank of Canada lowered their price objective on 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 research 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 stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $81.33.
Check Out Our Latest Stock Report on Carrier Global
Carrier Global Company Profile
(
Free Report)
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.
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