Carrier Global Co. (NYSE:CARR) Shares Sold by Focus Partners Wealth

Focus Partners Wealth lowered its position in Carrier Global Co. (NYSE:CARR - Free Report) by 19.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 69,969 shares of the company's stock after selling 16,730 shares during the quarter. Focus Partners Wealth's holdings in Carrier Global were worth $4,776,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. BOK Financial Private Wealth Inc. lifted its stake in Carrier Global by 80.0% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company's stock worth $25,000 after purchasing an additional 160 shares during the last quarter. Ritter Daniher Financial Advisory LLC DE lifted its stake in shares of Carrier Global by 90.0% during the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 380 shares of the company's stock worth $26,000 after acquiring an additional 180 shares during the last quarter. Bradley & Co. Private Wealth Management LLC purchased a new position in Carrier Global during the 4th quarter valued at $31,000. Meeder Asset Management Inc. grew its position in Carrier Global by 236.1% in the 4th 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, Transce3nd LLC purchased a new stake in Carrier Global in the fourth quarter worth $37,000. Institutional investors own 91.00% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on CARR. Citigroup cut their price target on shares of Carrier Global from $89.00 to $72.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Royal Bank of Canada boosted their price objective on shares of Carrier Global from $86.00 to $87.00 and gave the company an "outperform" rating in a research report on Tuesday. Wells Fargo & Company raised their target price 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, May 5th. Barclays lifted their price target on shares of Carrier Global from $83.00 to $84.00 and gave the company an "overweight" rating in a research note on Wednesday, May 7th. Finally, Northcoast Research raised Carrier Global from a "neutral" rating to a "buy" rating and set a $85.00 price objective on the stock in a research note on Friday, May 9th. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $83.00.

Carrier Global Stock Down 0.8%

CARR traded down $0.62 during trading on Tuesday, hitting $75.21. The stock had a trading volume of 471,709 shares, compared to its average volume of 4,601,504. The stock has a 50 day simple moving average of $64.73 and a two-hundred day simple moving average of $67.93. 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 twelve month low of $54.22 and a twelve month high of $83.32. The company has a market capitalization of $64.47 billion, a PE ratio of 11.97, a PEG ratio of 2.01 and a beta of 1.33.

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

Carrier Global Announces Dividend

The business also recently announced 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 is Friday, May 2nd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.20%. Carrier Global's payout ratio is 13.93%.

Carrier Global Company 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.