Hsbc Holdings PLC Reduces Position in Carrier Global Co. (NYSE:CARR)

Hsbc Holdings PLC cut its holdings in Carrier Global Co. (NYSE:CARR - Free Report) by 4.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,395,400 shares of the company's stock after selling 61,998 shares during the period. Hsbc Holdings PLC owned about 0.16% of Carrier Global worth $95,253,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. boosted its holdings in Carrier Global by 1.1% in the fourth quarter. UMB Bank n.a. now owns 13,293 shares of the company's stock valued at $907,000 after purchasing an additional 143 shares in the last quarter. Chicago Partners Investment Group LLC boosted its holdings in shares of Carrier Global by 2.6% in the 4th quarter. Chicago Partners Investment Group LLC now owns 5,887 shares of the company's stock valued at $403,000 after buying an additional 147 shares in the last quarter. Hanson & Doremus Investment Management grew its position in shares of Carrier Global by 6.2% in the 4th quarter. Hanson & Doremus Investment Management now owns 2,572 shares of the company's stock valued at $176,000 after buying an additional 150 shares during the last quarter. BOK Financial Private Wealth Inc. raised its stake in Carrier Global by 80.0% during the 4th 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. Finally, Garden State Investment Advisory Services LLC lifted its position in Carrier Global by 2.8% in the third quarter. Garden State Investment Advisory Services LLC now owns 5,950 shares of the company's stock valued at $480,000 after acquiring an additional 161 shares during the last quarter. 91.00% of the stock is owned by hedge funds and other institutional investors.

Carrier Global Price Performance

CARR stock traded up $0.47 on Tuesday, reaching $60.96. The company had a trading volume of 1,941,755 shares, compared to its average volume of 4,477,947. The company has a market cap of $52.67 billion, a P/E ratio of 9.70, a PEG ratio of 2.01 and a beta of 1.33. Carrier Global Co. has a 1 year low of $54.22 and a 1 year high of $83.32. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25. The company's fifty day moving average is $63.10 and its 200 day moving average is $68.64.

Carrier Global (NYSE:CARR - Get Free Report) last released its earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.03. Carrier Global had a return on equity of 18.82% and a net margin of 23.83%. During the same quarter in the prior year, the firm earned $0.53 EPS. On average, research analysts forecast that Carrier Global Co. will post 2.99 earnings per share 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 $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend is Friday, May 2nd. Carrier Global's dividend payout ratio is presently 14.33%.

Wall Street Analyst Weigh In

CARR has been the topic of a number of research analyst reports. Royal Bank of Canada cut their target price on Carrier Global from $86.00 to $76.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 12th. Barclays decreased their price objective on Carrier Global from $87.00 to $83.00 and set an "overweight" rating for the company in a report on Wednesday, March 26th. Wells Fargo & Company cut their target price on shares of Carrier Global from $75.00 to $70.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 12th. Wolfe Research upgraded shares of Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 price target for the company in a research note on Monday, February 24th. Finally, JPMorgan Chase & Co. cut their price target on Carrier Global from $78.00 to $64.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $79.73.

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.