Wesleyan Assurance Society Trims Stake in Carrier Global Co. (NYSE:CARR)

Wesleyan Assurance Society reduced its position in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 4.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,200 shares of the company's stock after selling 4,000 shares during the period. Wesleyan Assurance Society's holdings in Carrier Global were worth $6,297,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. UMB Bank n.a. grew its position in Carrier Global by 1.1% in the fourth quarter. UMB Bank n.a. now owns 13,293 shares of the company's stock worth $907,000 after acquiring an additional 143 shares in the last quarter. Chicago Partners Investment Group LLC grew its position in Carrier Global by 2.6% in the fourth quarter. Chicago Partners Investment Group LLC now owns 5,887 shares of the company's stock worth $403,000 after acquiring an additional 147 shares in the last quarter. Hanson & Doremus Investment Management grew its position in Carrier Global by 6.2% in the fourth quarter. Hanson & Doremus Investment Management now owns 2,572 shares of the company's stock worth $176,000 after acquiring an additional 150 shares in the last quarter. Syon Capital LLC grew its position in Carrier Global by 2.2% in the fourth quarter. Syon Capital LLC now owns 7,089 shares of the company's stock worth $484,000 after acquiring an additional 155 shares in the last quarter. Finally, BOK Financial Private Wealth Inc. grew its position in Carrier Global by 80.0% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company's stock worth $25,000 after acquiring an additional 160 shares in the last quarter. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CARR has been the subject of several research reports. Barclays upped their target price on shares of Carrier Global from $83.00 to $84.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 7th. JPMorgan Chase & Co. upped their target price on shares of Carrier Global from $66.00 to $79.00 and gave the stock an "overweight" rating in a research report on Friday. Northcoast Research upgraded shares of Carrier Global from a "neutral" rating to a "buy" rating and set a $85.00 target price for the company in a research report on Friday, May 9th. Mizuho set a $72.00 target price on shares of Carrier Global in a research report on Tuesday, April 22nd. Finally, Royal Bank of Canada upped their target price 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. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $82.53.

Carrier Global Stock Performance

Carrier Global stock opened at $75.85 on Tuesday. The company has a quick ratio of 0.96, a current ratio of 1.25 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $65.03 billion, a PE ratio of 12.08, a P/E/G ratio of 2.01 and a beta of 1.33. The firm has a fifty day simple moving average of $64.73 and a two-hundred day simple moving average of $67.93. Carrier Global Co. has a twelve month low of $54.22 and a twelve month high of $83.32.

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

Carrier Global Announces Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend is Friday, May 2nd. Carrier Global's dividend payout ratio (DPR) is 13.93%.

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.

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