Merit Financial Group LLC Has $2.41 Million Stock Position in Carrier Global Co. (NYSE:CARR)

Merit Financial Group LLC reduced its stake in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 9.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 38,010 shares of the company's stock after selling 3,857 shares during the period. Merit Financial Group LLC's holdings in Carrier Global were worth $2,410,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. NBC Securities Inc. raised its holdings in Carrier Global by 166,400.0% during the 1st quarter. NBC Securities Inc. now owns 1,665 shares of the company's stock worth $105,000 after buying an additional 1,664 shares during the period. Enterprise Bank & Trust Co acquired a new stake in shares of Carrier Global in the first quarter valued at approximately $1,015,000. Czech National Bank raised its holdings in shares of Carrier Global by 2.5% in the first quarter. Czech National Bank now owns 185,483 shares of the company's stock valued at $11,760,000 after purchasing an additional 4,564 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Carrier Global by 1.0% in the first quarter. Rhumbline Advisers now owns 1,496,330 shares of the company's stock valued at $94,867,000 after purchasing an additional 15,342 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC raised its holdings in shares of Carrier Global by 2.4% in the first quarter. Fifth Third Wealth Advisors LLC now owns 9,220 shares of the company's stock valued at $585,000 after purchasing an additional 213 shares during the last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Carrier Global Trading Up 0.0%

CARR stock opened at $71.39 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 fifty day moving average price of $66.12 and a two-hundred day moving average price of $67.72. Carrier Global Co. has a one year low of $54.22 and a one year high of $83.32. The stock has a market cap of $61.20 billion, a price-to-earnings ratio of 11.37, a price-to-earnings-growth ratio of 2.01 and a beta of 1.33.

Carrier Global (NYSE:CARR - Get Free Report) last released 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. Carrier Global had a net margin of 23.83% and a return on equity of 18.82%. The firm had revenue of $5.22 billion during the quarter, compared to analysts' expectations of $5.17 billion. During the same period in the previous year, the business posted $0.51 earnings per share. The company's revenue for the quarter was down 3.7% compared to the same quarter last year. Equities analysts anticipate that Carrier Global Co. will post 2.99 EPS for the current year.

Carrier Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Friday, May 2nd were given a dividend of $0.225 per share. The ex-dividend date was Friday, May 2nd. This represents a $0.90 dividend on an annualized basis and a yield of 1.26%. Carrier Global's dividend payout ratio (DPR) is 13.93%.

Wall Street Analysts Forecast Growth

CARR has been the topic of a number of recent research reports. Northcoast Research upgraded shares of Carrier Global from a "neutral" rating to a "buy" rating and set a $85.00 price objective on the stock in a report on Friday, May 9th. Barclays lifted their price objective on shares of Carrier Global from $83.00 to $84.00 and gave the company an "overweight" rating in a report on Wednesday, May 7th. Mizuho set a $72.00 price objective on shares of Carrier Global in a report on Tuesday, April 22nd. Robert W. Baird lifted their price objective on shares of Carrier Global from $80.00 to $88.00 and gave the company an "outperform" rating in a report on Tuesday, May 20th. Finally, JPMorgan Chase & Co. raised their target price on shares of Carrier Global from $66.00 to $79.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Four equities research 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's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $83.00.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.