Graham Capital Management L.P. Trims Holdings in Carrier Global Co. (NYSE:CARR)

Graham Capital Management L.P. decreased its stake in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 18.9% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 142,538 shares of the company's stock after selling 33,197 shares during the period. Graham Capital Management L.P.'s holdings in Carrier Global were worth $9,730,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Eisler Capital Management Ltd. bought a new position in shares of Carrier Global in the fourth quarter worth $6,002,000. Elefante Mark B purchased a new position in Carrier Global during the fourth quarter worth about $2,166,000. Ensign Peak Advisors Inc increased its stake in Carrier Global by 27.8% in the 4th quarter. Ensign Peak Advisors Inc now owns 1,314,180 shares of the company's stock worth $89,706,000 after acquiring an additional 285,803 shares during the last quarter. Ethic Inc. raised its holdings in shares of Carrier Global by 3.1% in the 4th quarter. Ethic Inc. now owns 102,174 shares of the company's stock valued at $6,974,000 after acquiring an additional 3,077 shares in the last quarter. Finally, Fiduciary Trust Co boosted its position in shares of Carrier Global by 3.9% during the 4th quarter. Fiduciary Trust Co now owns 88,103 shares of the company's stock valued at $6,014,000 after acquiring an additional 3,267 shares during the last quarter. Institutional investors own 91.00% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. 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 research report on Friday. JPMorgan Chase & Co. dropped their price objective on shares of Carrier Global from $78.00 to $64.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Wolfe Research upgraded shares of Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 target price for the company in a research report on Monday, February 24th. Mizuho set a $72.00 price target on Carrier Global in a research note on Tuesday, April 22nd. Finally, Barclays upped their price objective on Carrier Global from $83.00 to $84.00 and gave the stock an "overweight" rating in a report on Wednesday. Four 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 data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $81.53.

Carrier Global Trading Up 1.3 %

Shares of CARR opened at $71.44 on Friday. The stock has a market capitalization of $61.25 billion, a P/E ratio of 11.38, a PEG ratio of 2.01 and a beta of 1.33. Carrier Global Co. has a twelve month low of $54.22 and a twelve month high of $83.32. 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 firm has a fifty day simple moving average of $63.72 and a two-hundred day simple moving average of $68.02.

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

Carrier Global Announces Dividend

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. The ex-dividend date is Friday, May 2nd. This represents a $0.90 annualized dividend and a dividend yield of 1.26%. Carrier Global's dividend payout ratio (DPR) is presently 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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