Siemens Fonds Invest GmbH Reduces Position in Carrier Global Co. (NYSE:CARR)

Siemens Fonds Invest GmbH lessened its stake in Carrier Global Co. (NYSE:CARR - Free Report) by 13.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,577 shares of the company's stock after selling 6,000 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Carrier Global were worth $2,700,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CARR. Norges Bank acquired a new position in Carrier Global during the fourth quarter valued at approximately $588,029,000. Wealthfront Advisers LLC grew its holdings in Carrier Global by 5,840.1% during the fourth quarter. Wealthfront Advisers LLC now owns 5,000,000 shares of the company's stock valued at $341,300,000 after purchasing an additional 4,915,826 shares during the period. Brown Advisory Inc. grew its holdings in Carrier Global by 139.1% during the fourth quarter. Brown Advisory Inc. now owns 5,296,577 shares of the company's stock valued at $361,544,000 after purchasing an additional 3,080,984 shares during the period. Artisan Partners Limited Partnership acquired a new position in Carrier Global during the fourth quarter valued at approximately $166,061,000. Finally, Raymond James Financial Inc. acquired a new position in Carrier Global during the fourth quarter valued at approximately $108,433,000. Institutional investors and hedge funds own 91.00% of the company's stock.

Carrier Global Stock Down 0.4%

Shares of NYSE CARR traded down $0.29 during trading on Friday, hitting $71.12. The stock had a trading volume of 6,337,867 shares, compared to its average volume of 4,650,460. Carrier Global Co. has a 12 month low of $54.22 and a 12 month high of $83.32. 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 $60.97 billion, a PE ratio of 11.32, a PEG ratio of 2.01 and a beta of 1.33. The firm has a fifty day moving average of $65.63 and a two-hundred day moving average of $67.72.

Carrier Global (NYSE:CARR - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.65 earnings per share (EPS) 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 firm had revenue of $5.22 billion during the quarter, compared to analyst estimates of $5.17 billion. During the same quarter in the prior year, the business posted $0.51 EPS. The business's revenue was down 3.7% compared to the same quarter last year. As a group, equities research analysts forecast that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Carrier Global Dividend Announcement

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

Wall Street Analyst Weigh In

CARR has been the subject of a number of analyst reports. Wolfe Research upgraded shares of Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 price objective for the company in a report on Monday, February 24th. JPMorgan Chase & Co. upped their price target on shares of Carrier Global from $66.00 to $79.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Royal Bank of Canada upped their price target on shares of Carrier Global from $86.00 to $87.00 and gave the company an "outperform" rating in a report on Tuesday, May 20th. Citigroup reduced their price target on shares of Carrier Global from $89.00 to $72.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Mizuho set a $72.00 price target on shares of Carrier Global in a report on Tuesday, April 22nd. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $83.00.

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.