Investment Management Corp of Ontario Lowers Stock Position in Carrier Global Co. (NYSE:CARR)

Investment Management Corp of Ontario lowered its stake in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 16.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,614 shares of the company's stock after selling 4,400 shares during the period. Investment Management Corp of Ontario's holdings in Carrier Global were worth $1,544,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in CARR. BOK Financial Private Wealth Inc. increased its holdings in shares of Carrier Global by 80.0% during the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company's stock valued at $25,000 after acquiring an additional 160 shares in the last quarter. Ritter Daniher Financial Advisory LLC DE lifted its holdings in shares of Carrier Global by 90.0% in the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 380 shares of the company's stock worth $26,000 after purchasing an additional 180 shares in the last quarter. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Carrier Global in the 4th quarter worth $31,000. Meeder Asset Management Inc. raised its holdings in Carrier Global by 236.1% during the fourth quarter. Meeder Asset Management Inc. now owns 484 shares of the company's stock worth $33,000 after buying an additional 340 shares during the last quarter. Finally, Transce3nd LLC bought a new position in shares of Carrier Global in the fourth quarter valued at $37,000. Institutional investors own 91.00% of the company's stock.

Carrier Global Stock Performance

Shares of Carrier Global stock traded up $0.20 on Thursday, reaching $73.56. 3,782,458 shares of the company traded hands, compared to its average volume of 4,586,355. The company has a 50 day moving average of $64.20 and a 200 day moving average of $67.99. 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 52 week low of $54.22 and a 52 week high of $83.32. The firm has a market capitalization of $63.06 billion, a PE ratio of 11.71, a PEG ratio of 2.01 and a beta of 1.33.

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, topping analysts' consensus estimates of $0.58 by $0.07. The business had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $5.17 billion. Carrier Global had a return on equity of 18.82% and a net margin of 23.83%. The business's revenue for the quarter was down 3.7% on a year-over-year basis. During the same period last year, the business posted $0.51 earnings per share. Equities analysts forecast that Carrier Global Co. will post 2.99 earnings per share for the current year.

Carrier Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors 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 yield of 1.22%. The ex-dividend date of this dividend is Friday, May 2nd. Carrier Global's dividend payout ratio is currently 13.93%.

Wall Street Analysts Forecast Growth

CARR has been the topic of a number of analyst 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 report on Wednesday, May 7th. Mizuho set a $72.00 price objective on Carrier Global in a research note on Tuesday, April 22nd. Royal Bank of Canada lifted their target price on Carrier Global from $71.00 to $82.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Wells Fargo & Company lifted their price objective on shares of Carrier Global from $65.00 to $75.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. Finally, 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 report on Friday, May 9th. Four 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. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $81.53.

Carrier Global Company 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.