Becker Capital Management Inc. Lowers Position in Carrier Global Co. (NYSE:CARR)

Becker Capital Management Inc. lessened its holdings in Carrier Global Co. (NYSE:CARR - Free Report) by 4.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 396,246 shares of the company's stock after selling 18,831 shares during the period. Becker Capital Management Inc.'s holdings in Carrier Global were worth $27,137,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CARR. Schonfeld Strategic Advisors LLC grew its stake in shares of Carrier Global by 75.2% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 126,874 shares of the company's stock valued at $8,660,000 after buying an additional 54,473 shares during the last quarter. Electron Capital Partners LLC grew its stake in shares of Carrier Global by 31.3% during the fourth quarter. Electron Capital Partners LLC now owns 736,019 shares of the company's stock valued at $50,241,000 after buying an additional 175,255 shares during the last quarter. Northern Trust Corp grew its stake in shares of Carrier Global by 16.7% during the fourth quarter. Northern Trust Corp now owns 8,847,377 shares of the company's stock valued at $603,922,000 after buying an additional 1,266,137 shares during the last quarter. Beacon Pointe Advisors LLC grew its stake in shares of Carrier Global by 2.3% during the fourth quarter. Beacon Pointe Advisors LLC now owns 40,769 shares of the company's stock valued at $2,783,000 after buying an additional 899 shares during the last quarter. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Carrier Global during the fourth quarter valued at about $288,000. Hedge funds and other institutional investors own 91.00% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on CARR. Mizuho set a $72.00 target price on Carrier Global in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. cut their price objective on Carrier Global from $78.00 to $64.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Citigroup cut their price objective 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. Wells Fargo & Company cut their price objective on Carrier Global from $75.00 to $70.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 12th. Finally, Royal Bank of Canada cut 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, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $80.43.

Carrier Global Trading Up 0.6 %

Carrier Global stock opened at $60.84 on Wednesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96. Carrier Global Co. has a one year low of $54.22 and a one year high of $83.32. The stock has a market capitalization of $52.57 billion, a PE ratio of 9.69, a price-to-earnings-growth ratio of 2.01 and a beta of 1.33. The business's fifty day moving average is $62.97 and its 200 day moving average is $68.59.

Carrier Global (NYSE:CARR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share 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 previous year, the firm posted $0.53 EPS. On average, sell-side analysts predict that Carrier Global Co. will post 2.99 EPS for the current year.

Carrier Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Friday, May 2nd will be paid a $0.225 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.48%. Carrier Global's dividend payout ratio (DPR) is presently 14.33%.

Carrier Global Profile

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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