The Manufacturers Life Insurance Company trimmed its holdings in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 1.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 495,207 shares of the company's stock after selling 7,108 shares during the quarter. The Manufacturers Life Insurance Company owned 0.06% of Carrier Global worth $33,803,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Beacon Pointe Advisors LLC lifted its holdings in shares of Carrier Global by 2.3% in the 4th quarter. Beacon Pointe Advisors LLC now owns 40,769 shares of the company's stock worth $2,783,000 after acquiring an additional 899 shares during the last quarter. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Carrier Global in the fourth quarter valued at approximately $288,000. Oxford Asset Management LLP purchased a new position in shares of Carrier Global during the fourth quarter worth $266,000. Boothbay Fund Management LLC boosted its position in shares of Carrier Global by 11.2% during the fourth quarter. Boothbay Fund Management LLC now owns 6,418 shares of the company's stock worth $438,000 after buying an additional 647 shares during the period. Finally, Virtus ETF Advisers LLC purchased a new stake in shares of Carrier Global in the 4th quarter valued at $1,038,000. 91.00% of the stock is currently owned by hedge funds and other institutional investors.
Carrier Global Stock Performance
CARR traded down $0.74 on Monday, reaching $70.79. The company had a trading volume of 5,563,169 shares, compared to its average volume of 4,516,630. The company has a quick ratio of 0.96, a current ratio of 1.25 and a debt-to-equity ratio of 0.77. Carrier Global Co. has a 1 year low of $54.22 and a 1 year high of $83.32. The stock has a market capitalization of $61.16 billion, a PE ratio of 11.27, a P/E/G ratio of 2.01 and a beta of 1.33. The stock has a 50-day moving average price of $63.06 and a 200-day moving average price of $68.21.
Carrier Global (NYSE:CARR - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.65 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.07. Carrier Global had a net margin of 23.83% and a return on equity of 18.82%. The company had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $5.17 billion. During the same quarter in the prior year, the firm earned $0.51 EPS. Carrier Global's quarterly revenue was down 3.7% on a year-over-year basis. As a group, research analysts forecast that Carrier Global Co. will post 2.99 EPS for the current fiscal year.
Carrier Global Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Friday, May 2nd will be given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Friday, May 2nd. Carrier Global's payout ratio is 13.93%.
Wall Street Analysts Forecast Growth
CARR has been the subject of several research reports. Barclays dropped their target price on Carrier Global from $87.00 to $83.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. Wells Fargo & Company upped their target price on shares of Carrier Global from $65.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Monday. Citigroup decreased their price target on shares of Carrier Global from $89.00 to $72.00 and set a "buy" rating for the company in a research report on Monday, April 14th. 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, Royal Bank of Canada increased their price objective on Carrier Global from $71.00 to $82.00 and gave the company an "outperform" rating in a research note on Friday. Five equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $81.21.
View Our Latest Report on Carrier Global
About Carrier Global
(
Free Report)
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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