Janus Henderson Group PLC Sells 72,242 Shares of Carrier Global Co. (NYSE:CARR)

Janus Henderson Group PLC trimmed its holdings in Carrier Global Co. (NYSE:CARR - Free Report) by 29.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 174,741 shares of the company's stock after selling 72,242 shares during the period. Janus Henderson Group PLC's holdings in Carrier Global were worth $11,936,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in CARR. RFG Advisory LLC grew its stake in Carrier Global by 36.2% during the fourth quarter. RFG Advisory LLC now owns 7,170 shares of the company's stock valued at $489,000 after acquiring an additional 1,904 shares in the last quarter. Princeton Global Asset Management LLC boosted its holdings in shares of Carrier Global by 1,156.1% during the 4th quarter. Princeton Global Asset Management LLC now owns 20,663 shares of the company's stock valued at $1,410,000 after purchasing an additional 19,018 shares during the last quarter. Waldron Private Wealth LLC grew its position in shares of Carrier Global by 90.5% during the fourth quarter. Waldron Private Wealth LLC now owns 16,532 shares of the company's stock valued at $1,128,000 after purchasing an additional 7,854 shares in the last quarter. Ensign Peak Advisors Inc grew its position in shares of Carrier Global by 27.8% during the fourth quarter. Ensign Peak Advisors Inc now owns 1,314,180 shares of the company's stock valued at $89,706,000 after purchasing an additional 285,803 shares in the last quarter. Finally, Gateway Wealth Partners LLC increased its holdings in shares of Carrier Global by 221.8% in the fourth quarter. Gateway Wealth Partners LLC now owns 10,327 shares of the company's stock worth $705,000 after purchasing an additional 7,118 shares during the last quarter. Institutional investors own 91.00% of the company's stock.

Carrier Global Trading Down 0.2%

Shares of CARR stock traded down $0.13 during trading hours on Thursday, reaching $71.96. 897,814 shares of the stock were exchanged, compared to its average volume of 4,613,750. The firm has a market capitalization of $61.69 billion, a price-to-earnings ratio of 11.45, a price-to-earnings-growth ratio of 2.01 and a beta of 1.33. Carrier Global Co. has a 12-month low of $54.22 and a 12-month high of $83.32. The company's 50-day moving average price is $65.06 and its 200-day moving average price is $68.01. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77.

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

Carrier Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Friday, May 2nd will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Friday, May 2nd. Carrier Global's dividend payout ratio (DPR) is presently 13.93%.

Analysts Set New Price Targets

CARR has been the subject of a number of research reports. Citigroup dropped their price target on Carrier Global from $89.00 to $72.00 and set a "buy" rating for the company in a research note on Monday, April 14th. JPMorgan Chase & Co. increased their target price on Carrier Global from $66.00 to $79.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. Wells Fargo & Company raised their target price on shares of Carrier Global from $65.00 to $75.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Mizuho set a $72.00 price target on shares of Carrier Global in a research note on Tuesday, April 22nd. Finally, Wolfe Research raised 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 research note on Monday, February 24th. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Carrier Global has a consensus rating of "Moderate Buy" and an average 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.