Benjamin Edwards Inc. Sells 6,034 Shares of Carrier Global Co. (NYSE:CARR)

Benjamin Edwards Inc. reduced its holdings in Carrier Global Co. (NYSE:CARR - Free Report) by 8.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,554 shares of the company's stock after selling 6,034 shares during the quarter. Benjamin Edwards Inc.'s holdings in Carrier Global were worth $4,202,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Franklin Resources Inc. lifted its position in shares of Carrier Global by 1.2% in the 3rd 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 in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Carrier Global by 0.8% in the third 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 boosted its position in shares of Carrier Global by 10.3% in the fourth quarter. Nordea Investment Management AB now owns 67,949 shares of the company's stock worth $4,656,000 after buying an additional 6,365 shares during the period. CWA Asset Management Group LLC grew its holdings in shares of Carrier Global by 24.0% during the fourth quarter. CWA Asset Management Group LLC now owns 4,185 shares of the company's stock valued at $286,000 after buying an additional 811 shares in the last quarter. Finally, First Hawaiian Bank raised its position in Carrier Global by 6.4% during the fourth quarter. First Hawaiian Bank now owns 18,441 shares of the company's stock valued at $1,259,000 after buying an additional 1,114 shares during the period. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global Stock Performance

Carrier Global stock traded up $0.94 on Friday, reaching $71.44. 5,539,869 shares of the stock were exchanged, compared to its average volume of 4,545,680. The stock has a market cap of $61.25 billion, a PE ratio of 11.38, a PEG ratio of 2.01 and a beta of 1.33. The firm has a fifty day moving average price of $63.53 and a two-hundred day moving average price of $68.08. Carrier Global Co. has a twelve month low of $54.22 and a twelve month high of $83.32. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77.

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

Carrier Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Friday, May 2nd will be given a $0.225 dividend. The ex-dividend date is Friday, May 2nd. This represents a $0.90 annualized dividend and a yield of 1.26%. Carrier Global's dividend payout ratio is 13.93%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Royal Bank of Canada lifted their target price on Carrier Global from $71.00 to $82.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Barclays boosted their price objective on shares of Carrier Global from $83.00 to $84.00 and gave the company an "overweight" rating in a research report on Wednesday. Mizuho set a $72.00 target price on shares of Carrier Global in a research note on Tuesday, April 22nd. 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 note on Monday. Finally, JPMorgan Chase & Co. reduced their price objective on Carrier Global from $78.00 to $64.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Carrier Global presently has an average rating of "Moderate Buy" and an average target price of $81.53.

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.