Baldwin Investment Management LLC Sells 4,920 Shares of Carrier Global Co. (NYSE:CARR)

Baldwin Investment Management LLC trimmed its stake in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 31.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,855 shares of the company's stock after selling 4,920 shares during the quarter. Baldwin Investment Management LLC's holdings in Carrier Global were worth $741,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. UMB Bank n.a. lifted its holdings in Carrier Global by 1.1% during 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 during the last quarter. Chicago Partners Investment Group LLC lifted its holdings in shares of Carrier Global by 2.6% during the fourth quarter. Chicago Partners Investment Group LLC now owns 5,887 shares of the company's stock worth $403,000 after buying an additional 147 shares in the last quarter. Hanson & Doremus Investment Management boosted its position in shares of Carrier Global by 6.2% in the fourth quarter. Hanson & Doremus Investment Management now owns 2,572 shares of the company's stock valued at $176,000 after acquiring an additional 150 shares during the period. Syon Capital LLC grew its stake in shares of Carrier Global by 2.2% in the fourth quarter. Syon Capital LLC now owns 7,089 shares of the company's stock valued at $484,000 after acquiring an additional 155 shares in the last quarter. Finally, BOK Financial Private Wealth Inc. increased its position in Carrier Global by 80.0% during the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company's stock worth $25,000 after acquiring an additional 160 shares during the period. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Carrier Global Stock Performance

NYSE CARR opened at $71.60 on Monday. The firm's fifty day moving average price is $63.06 and its two-hundred day moving average price is $68.21. The stock has a market cap of $61.86 billion, a PE ratio of 11.40, a PEG ratio of 2.01 and a beta of 1.33. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25. Carrier Global Co. has a fifty-two week low of $54.22 and a fifty-two week high of $83.32.

Carrier Global (NYSE:CARR - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.65 earnings per share for the quarter, topping analysts' consensus estimates of $0.58 by $0.07. The business had revenue of $5.22 billion for the quarter, compared to analyst estimates of $5.17 billion. Carrier Global had a return on equity of 18.82% and a net margin of 23.83%. Carrier Global's quarterly revenue was down 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 EPS. On average, equities analysts expect that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Friday, May 2nd will be given 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 1.26%. Carrier Global's dividend payout ratio is presently 13.93%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. decreased their target price on shares of Carrier Global from $78.00 to $64.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Mizuho set a $72.00 price target on Carrier Global in a research report on Tuesday, April 22nd. Barclays dropped their price objective on Carrier Global from $87.00 to $83.00 and set an "overweight" rating for the company in a report on Wednesday, March 26th. Wolfe Research raised Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 target price on the stock in a report on Monday, February 24th. Finally, Citigroup decreased their price target on Carrier Global from $89.00 to $72.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Five investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $80.86.

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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