BI Asset Management Fondsmaeglerselskab A S Cuts Stake in Carrier Global Co. (NYSE:CARR)

BI Asset Management Fondsmaeglerselskab A S lessened its position in Carrier Global Co. (NYSE:CARR - Free Report) by 16.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 50,087 shares of the company's stock after selling 10,009 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Carrier Global were worth $3,419,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. BOK Financial Private Wealth Inc. lifted its stake in Carrier Global by 80.0% during the 4th quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company's stock valued at $25,000 after acquiring an additional 160 shares in the last quarter. Ritter Daniher Financial Advisory LLC DE boosted its stake in shares of Carrier Global by 90.0% in the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 380 shares of the company's stock worth $26,000 after buying an additional 180 shares during the last quarter. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Carrier Global in the fourth quarter valued at approximately $31,000. Meeder Asset Management Inc. increased its position in shares of Carrier Global by 236.1% during the fourth quarter. Meeder Asset Management Inc. now owns 484 shares of the company's stock valued at $33,000 after acquiring an additional 340 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new stake in Carrier Global during the fourth quarter worth $42,000. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global Price Performance

Carrier Global stock traded down $0.26 during midday trading on Friday, hitting $60.05. 3,862,616 shares of the company's stock were exchanged, compared to its average volume of 4,497,722. The stock has a 50-day moving average price of $63.21 and a two-hundred day moving average price of $68.96. Carrier Global Co. has a 52-week low of $54.22 and a 52-week high of $83.32. The company has a market cap of $51.88 billion, a P/E ratio of 9.56, 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 (NYSE:CARR - Get Free Report) last posted its quarterly earnings data 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 period in the previous year, the business earned $0.53 EPS. On average, equities research analysts forecast that Carrier Global Co. will post 2.99 earnings per share for the current year.

Carrier Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors 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 yield of 1.50%. Carrier Global's dividend payout ratio is presently 14.33%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. decreased their target price 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. Wolfe Research upgraded shares of Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 target price on the stock in a research note on Monday, February 24th. Royal Bank of Canada decreased their price target on shares of Carrier Global from $86.00 to $76.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th. Mizuho set a $72.00 price objective on Carrier Global in a report on Tuesday. Finally, Barclays lowered their target price on Carrier Global from $87.00 to $83.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 26th. Five investment 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 company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $79.73.

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.