Lazard Asset Management LLC Sells 3,480 Shares of Carrier Global Co. (NYSE:CARR)

Lazard Asset Management LLC decreased its position in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 10.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 31,247 shares of the company's stock after selling 3,480 shares during the quarter. Lazard Asset Management LLC's holdings in Carrier Global were worth $2,132,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. UMB Bank n.a. raised its holdings in Carrier Global by 1.1% during the 4th quarter. UMB Bank n.a. now owns 13,293 shares of the company's stock worth $907,000 after purchasing an additional 143 shares during the last quarter. Chicago Partners Investment Group LLC grew its position in shares of Carrier Global by 2.6% during the 4th quarter. Chicago Partners Investment Group LLC now owns 5,887 shares of the company's stock worth $403,000 after buying an additional 147 shares during the period. Hanson & Doremus Investment Management grew its position in shares of Carrier Global by 6.2% during the 4th quarter. Hanson & Doremus Investment Management now owns 2,572 shares of the company's stock worth $176,000 after buying an additional 150 shares during the period. Syon Capital LLC grew its position in shares of Carrier Global by 2.2% during the 4th quarter. Syon Capital LLC now owns 7,089 shares of the company's stock worth $484,000 after buying an additional 155 shares during the period. Finally, BOK Financial Private Wealth Inc. grew its position in shares of Carrier Global by 80.0% during the 4th quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company's stock worth $25,000 after buying an additional 160 shares during the period. Institutional investors own 91.00% of the company's stock.

Wall Street Analysts Forecast Growth

CARR has been the subject of several recent analyst reports. Royal Bank of Canada raised their price objective on shares of Carrier Global from $71.00 to $82.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Citigroup reduced their price objective on shares of Carrier Global from $89.00 to $72.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Wells Fargo & Company raised their price objective 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. JPMorgan Chase & Co. raised their price objective on shares of Carrier Global from $66.00 to $79.00 and gave the stock an "overweight" rating in a research report on Friday. Finally, Mizuho set a $72.00 price target on shares of Carrier Global in a research report on Tuesday, April 22nd. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $82.53.

Carrier Global Price Performance

CARR opened at $75.63 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96. The company has a market capitalization of $64.83 billion, a price-to-earnings ratio of 12.04, a P/E/G ratio of 2.01 and a beta of 1.33. The firm's fifty day moving average price is $64.53 and its two-hundred day moving average price is $67.94. Carrier Global Co. has a 1 year low of $54.22 and a 1 year high of $83.32.

Carrier Global (NYSE:CARR - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.65 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.07. The company had revenue of $5.22 billion for 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 business's revenue for the quarter was down 3.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.51 EPS. As a group, analysts anticipate that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The firm 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 dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date is Friday, May 2nd. Carrier Global's payout ratio is 13.93%.

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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