GTS Securities LLC Has $278,000 Holdings in Carrier Global Co. (NYSE:CARR)

GTS Securities LLC trimmed its position in Carrier Global Co. (NYSE:CARR - Free Report) by 90.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,076 shares of the company's stock after selling 37,902 shares during the quarter. GTS Securities LLC's holdings in Carrier Global were worth $278,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CARR. Breed s Hill Capital LLC lifted its position in shares of Carrier Global by 14.7% during the 4th quarter. Breed s Hill Capital LLC now owns 3,438 shares of the company's stock worth $235,000 after buying an additional 441 shares during the period. Vise Technologies Inc. raised its stake in Carrier Global by 29.2% during the fourth quarter. Vise Technologies Inc. now owns 15,497 shares of the company's stock worth $1,058,000 after acquiring an additional 3,502 shares in the last quarter. Harmony Asset Management LLC lifted its holdings in shares of Carrier Global by 1.1% during the fourth quarter. Harmony Asset Management LLC now owns 57,657 shares of the company's stock valued at $3,936,000 after acquiring an additional 601 shares during the period. Orion Capital Management LLC bought a new position in shares of Carrier Global during the fourth quarter valued at $51,000. Finally, Continuum Advisory LLC boosted its stake in shares of Carrier Global by 13.1% in the 4th quarter. Continuum Advisory LLC now owns 2,135 shares of the company's stock valued at $146,000 after purchasing an additional 248 shares in the last quarter. 91.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Citigroup reduced their price target on shares of 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 increased their price target on Carrier Global from $65.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. Wolfe Research raised Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 price objective on the stock in a research note on Monday, February 24th. Robert W. Baird increased their target price on Carrier Global from $80.00 to $88.00 and gave the stock an "outperform" rating in a report on Tuesday, May 20th. Finally, Northcoast Research upgraded Carrier Global from a "neutral" rating to a "buy" rating and set a $85.00 target price for the company in a research note on Friday, May 9th. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $83.00.

Carrier Global Trading Down 0.4%

CARR stock traded down $0.29 during midday trading on Friday, reaching $71.12. The company's stock had a trading volume of 6,337,867 shares, compared to its average volume of 4,650,460. The business's 50-day simple moving average is $65.63 and its 200-day simple moving average is $67.83. The company has a quick ratio of 0.96, a current ratio of 1.25 and a debt-to-equity ratio of 0.77. Carrier Global Co. has a 52 week low of $54.22 and a 52 week high of $83.32. The stock has a market cap of $60.97 billion, a PE ratio of 11.32, a price-to-earnings-growth ratio of 2.01 and a beta of 1.33.

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

Carrier Global Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Friday, May 2nd were paid a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend was Friday, May 2nd. Carrier Global's payout ratio is presently 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.