Baird Financial Group Inc. Sells 19,804 Shares of Carrier Global Co. (NYSE:CARR)

Baird Financial Group Inc. decreased its holdings in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 4.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 390,873 shares of the company's stock after selling 19,804 shares during the period. Baird Financial Group Inc.'s holdings in Carrier Global were worth $26,681,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in CARR. Franklin Resources Inc. grew its position in Carrier Global by 1.2% in the third quarter. Franklin Resources Inc. now owns 224,323 shares of the company's stock valued at $18,545,000 after acquiring an additional 2,596 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Carrier Global by 0.8% in the 3rd quarter. Principal Financial Group Inc. now owns 2,561,877 shares of the company's stock valued at $206,206,000 after purchasing an additional 20,500 shares in the last quarter. Nordea Investment Management AB grew its holdings in shares of Carrier Global by 10.3% in the 4th quarter. Nordea Investment Management AB now owns 67,949 shares of the company's stock worth $4,656,000 after purchasing an additional 6,365 shares during the last quarter. CWA Asset Management Group LLC increased its position in shares of Carrier Global by 24.0% during the 4th quarter. CWA Asset Management Group LLC now owns 4,185 shares of the company's stock worth $286,000 after purchasing an additional 811 shares in the last quarter. Finally, First Hawaiian Bank lifted its holdings in Carrier Global by 6.4% during the 4th quarter. First Hawaiian Bank now owns 18,441 shares of the company's stock valued at $1,259,000 after purchasing an additional 1,114 shares during the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global Stock Down 1.0 %

NYSE:CARR opened at $70.79 on Tuesday. The stock's fifty day simple moving average is $63.16 and its 200-day simple moving average is $68.13. The firm has a market capitalization of $61.16 billion, a P/E ratio of 11.27, a P/E/G ratio of 2.01 and a beta of 1.33. 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 12-month low of $54.22 and a 12-month high of $83.32.

Carrier Global (NYSE:CARR - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.65 EPS for the quarter, beating analysts' consensus estimates of $0.58 by $0.07. Carrier Global had a return on equity of 18.82% and a net margin of 23.83%. The company had revenue of $5.22 billion during the quarter, compared to analysts' expectations of $5.17 billion. During the same period in the prior year, the business posted $0.51 EPS. Carrier Global's revenue was down 3.7% on a year-over-year basis. Equities research analysts expect that Carrier Global Co. will post 2.99 earnings per share for the current year.

Carrier Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Friday, May 2nd will be given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date is Friday, May 2nd. Carrier Global's dividend payout ratio is currently 13.93%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CARR. Citigroup decreased their price objective on shares of Carrier Global from $89.00 to $72.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Royal Bank of Canada raised their price target on Carrier Global from $71.00 to $82.00 and gave the company an "outperform" rating in a report on Friday. Wolfe Research raised Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 price objective on the stock in a research note on Monday, February 24th. JPMorgan Chase & Co. lowered their target price on Carrier Global from $78.00 to $64.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Finally, Wells Fargo & Company upped their price target on shares of Carrier Global from $65.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Monday. Five equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $81.21.

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.

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