NorthCrest Asset Manangement LLC Has $7.61 Million Stock Holdings in Carrier Global Co. (NYSE:CARR)

NorthCrest Asset Manangement LLC lowered its stake in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 3.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,443 shares of the company's stock after selling 4,351 shares during the quarter. NorthCrest Asset Manangement LLC's holdings in Carrier Global were worth $7,607,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in CARR. Brighton Jones LLC lifted its holdings in shares of Carrier Global by 30.3% during the 4th quarter. Brighton Jones LLC now owns 7,958 shares of the company's stock worth $543,000 after acquiring an additional 1,850 shares during the period. RFG Advisory LLC lifted its stake in Carrier Global by 36.2% during the fourth quarter. RFG Advisory LLC now owns 7,170 shares of the company's stock worth $489,000 after purchasing an additional 1,904 shares during the last quarter. Flagship Harbor Advisors LLC boosted its holdings in shares of Carrier Global by 5.8% in the 4th quarter. Flagship Harbor Advisors LLC now owns 5,447 shares of the company's stock valued at $372,000 after purchasing an additional 301 shares in the last quarter. First Citizens Bank & Trust Co. boosted its holdings in shares of Carrier Global by 4.6% in the 4th quarter. First Citizens Bank & Trust Co. now owns 10,641 shares of the company's stock valued at $726,000 after purchasing an additional 469 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in shares of Carrier Global by 47.3% in the 4th quarter. Blue Trust Inc. now owns 8,774 shares of the company's stock valued at $599,000 after purchasing an additional 2,816 shares during the last quarter. Institutional investors own 91.00% of the company's stock.

Carrier Global Trading Down 0.4%

Shares of Carrier Global stock traded down $0.29 during midday trading on Friday, reaching $71.12. The company had a trading volume of 6,337,867 shares, compared to its average volume of 4,650,460. The firm has a market cap of $60.97 billion, a PE ratio of 11.32, a P/E/G ratio of 2.01 and a beta of 1.33. The stock has a fifty day moving average price of $65.63 and a 200 day moving average price of $67.72. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96. Carrier Global Co. has a fifty-two week low of $54.22 and a fifty-two week 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 earnings per share (EPS) for the quarter, beating 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 business had revenue of $5.22 billion for the quarter, compared to analyst estimates of $5.17 billion. During the same quarter in the previous year, the business earned $0.51 earnings per share. Carrier Global's revenue for the quarter was down 3.7% on a year-over-year basis. On average, equities analysts anticipate that Carrier Global Co. will post 2.99 earnings per share for the current year.

Carrier Global Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Friday, May 2nd were paid a dividend of $0.225 per share. The ex-dividend date was Friday, May 2nd. This represents a $0.90 annualized dividend and a yield of 1.27%. Carrier Global's dividend payout ratio is currently 13.93%.

Analyst Ratings Changes

Several analysts recently weighed in on CARR shares. 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. Mizuho set a $72.00 target price on shares of Carrier Global in a report on Tuesday, April 22nd. The Goldman Sachs Group restated a "buy" rating on shares of Carrier Global in a research note on Wednesday, May 21st. Robert W. Baird upped their price objective on shares of Carrier Global from $80.00 to $88.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 20th. Finally, Wells Fargo & Company increased their price objective on shares of Carrier Global from $65.00 to $75.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. Four 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 stock. According to MarketBeat, the company currently has a consensus 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.