Stifel Financial Corp Reduces Stock Position in Carrier Global Co. (NYSE:CARR)

Stifel Financial Corp lowered its position in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 3.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 363,027 shares of the company's stock after selling 12,484 shares during the period. Stifel Financial Corp's holdings in Carrier Global were worth $24,781,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Morse Asset Management Inc bought a new position in shares of Carrier Global in the third quarter worth approximately $201,000. Anchor Investment Management LLC increased its holdings in shares of Carrier Global by 6.6% in the 3rd quarter. Anchor Investment Management LLC now owns 5,745 shares of the company's stock worth $462,000 after buying an additional 355 shares during the last quarter. Wilmington Savings Fund Society FSB raised its position in shares of Carrier Global by 280.5% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 34,717 shares of the company's stock valued at $2,794,000 after buying an additional 25,594 shares in the last quarter. Peapack Gladstone Financial Corp lifted its holdings in shares of Carrier Global by 1.4% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 176,984 shares of the company's stock worth $14,246,000 after acquiring an additional 2,397 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in Carrier Global by 1.2% in the third quarter. Franklin Resources Inc. now owns 224,323 shares of the company's stock worth $18,545,000 after acquiring an additional 2,596 shares in the last quarter. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Carrier Global Stock Up 1.9 %

Shares of CARR traded up $1.14 during trading hours on Wednesday, hitting $61.96. The company had a trading volume of 2,089,598 shares, compared to its average volume of 4,462,760. The stock has a market capitalization of $53.54 billion, a price-to-earnings ratio of 9.87, a P/E/G ratio of 2.01 and a beta of 1.33. The firm has a fifty day moving average price of $62.97 and a 200-day moving average price of $68.59. Carrier Global Co. has a 52-week low of $54.22 and a 52-week 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.

Carrier Global (NYSE:CARR - Get Free Report) last issued its earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.03. Carrier Global had a net margin of 23.83% and a return on equity of 18.82%. During the same period in the prior year, the firm earned $0.53 EPS. On average, equities research analysts forecast that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Carrier Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Friday, May 2nd will be issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date is Friday, May 2nd. Carrier Global's payout ratio is currently 14.33%.

Analyst Ratings Changes

Several research analysts recently commented on CARR shares. JPMorgan Chase & Co. decreased their target price on shares of Carrier Global from $78.00 to $64.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Mizuho set a $72.00 price target on Carrier Global in a report on Tuesday, April 22nd. Royal Bank of Canada dropped their price objective on Carrier Global from $86.00 to $76.00 and set an "outperform" rating for the company in a report on Wednesday, February 12th. Barclays reduced their target price on Carrier Global from $87.00 to $83.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 26th. Finally, Citigroup cut their price target on shares of Carrier Global from $89.00 to $72.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Five investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Carrier Global has an average rating of "Moderate Buy" and a consensus price target of $80.43.

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.