Fiera Capital Corp Has $531.12 Million Holdings in Carrier Global Co. (NYSE:CARR)

Fiera Capital Corp trimmed its position in Carrier Global Co. (NYSE:CARR - Free Report) by 9.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,244,897 shares of the company's stock after selling 1,013,631 shares during the quarter. Carrier Global makes up approximately 1.6% of Fiera Capital Corp's portfolio, making the stock its 18th largest position. Fiera Capital Corp owned approximately 1.10% of Carrier Global worth $531,119,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. McClarren Financial Advisors Inc. boosted its position in Carrier Global by 86.7% during the 4th quarter. McClarren Financial Advisors Inc. now owns 435 shares of the company's stock worth $25,000 after acquiring an additional 202 shares during the period. DiNuzzo Private Wealth Inc. acquired a new stake in shares of Carrier Global during the fourth quarter worth approximately $25,000. EdgeRock Capital LLC acquired a new position in Carrier Global in the 4th quarter valued at approximately $27,000. Larson Financial Group LLC increased its stake in Carrier Global by 76.2% in the 3rd quarter. Larson Financial Group LLC now owns 511 shares of the company's stock valued at $28,000 after buying an additional 221 shares during the period. Finally, OFI Invest Asset Management purchased a new stake in Carrier Global in the 3rd quarter worth approximately $28,000. 91.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CARR. Wells Fargo & Company upped their price target on shares of Carrier Global from $59.00 to $66.00 and gave the stock an "equal weight" rating in a research note on Friday, April 26th. Robert W. Baird raised their price target on Carrier Global from $60.00 to $64.00 and gave the stock a "neutral" rating in a research note on Friday, May 3rd. TD Cowen boosted their price target on Carrier Global from $66.00 to $70.00 and gave the company a "buy" rating in a research note on Monday, April 29th. Oppenheimer raised their price objective on shares of Carrier Global from $63.00 to $64.00 and gave the company an "outperform" rating in a research report on Friday, April 26th. Finally, Citigroup increased their price target on shares of Carrier Global from $60.00 to $63.00 and gave the stock a "neutral" rating in a research note on Monday, April 8th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $62.71.

Carrier Global Stock Performance

Shares of NYSE CARR traded up $0.23 during trading hours on Friday, hitting $65.23. 2,380,580 shares of the stock were exchanged, compared to its average volume of 4,732,857. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.36 and a quick ratio of 0.99. The company's 50 day moving average is $59.00 and its 200 day moving average is $56.23. The firm has a market capitalization of $58.77 billion, a P/E ratio of 45.62, a P/E/G ratio of 2.77 and a beta of 1.34. Carrier Global Co. has a one year low of $40.49 and a one year high of $66.32.

Carrier Global (NYSE:CARR - Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.12. The business had revenue of $6.18 billion during the quarter, compared to the consensus estimate of $6.27 billion. Carrier Global had a net margin of 5.41% and a return on equity of 26.01%. On average, research analysts expect that Carrier Global Co. will post 2.84 EPS for the current year.

Carrier Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Friday, May 3rd will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Thursday, May 2nd. Carrier Global's dividend payout ratio is currently 53.15%.

Insider Buying and Selling at Carrier Global

In other Carrier Global news, insider Jurgen Timperman sold 159,915 shares of the stock in a transaction on Monday, April 29th. The shares were sold at an average price of $61.95, for a total value of $9,906,734.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Carrier Global news, insider Jurgen Timperman sold 159,915 shares of the stock in a transaction on Monday, April 29th. The shares were sold at an average price of $61.95, for a total value of $9,906,734.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Nadia Villeneuve sold 98,428 shares of the stock in a transaction on Friday, May 10th. The shares were sold at an average price of $65.40, for a total transaction of $6,437,191.20. Following the completion of the sale, the vice president now directly owns 85,028 shares of the company's stock, valued at $5,560,831.20. The disclosure for this sale can be found here. Insiders own 6.95% of the company's stock.

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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