Carrier Global Co. (NYSE:CARR) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC lowered its stake in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 49.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,260,505 shares of the company's stock after selling 1,250,349 shares during the period. Voya Investment Management LLC owned approximately 0.14% of Carrier Global worth $86,042,000 at the end of the most recent reporting period.

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

Carrier Global Stock Performance

CARR traded up $0.88 during trading on Wednesday, hitting $61.70. 2,930,362 shares of the stock were exchanged, compared to its average volume of 4,465,466. The firm has a market capitalization of $53.31 billion, a P/E ratio of 9.82, a PEG ratio of 2.01 and a beta of 1.33. Carrier Global Co. has a 1-year low of $54.22 and a 1-year high of $83.32. The stock has a fifty day moving average price of $62.97 and a two-hundred day moving average price of $68.59. 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 (NYSE:CARR - Get Free Report) last issued its quarterly earnings data 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 quarter in the prior year, the company posted $0.53 EPS. As a group, sell-side analysts predict that Carrier Global Co. will post 2.99 earnings per share for the current year.

Carrier Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Friday, May 2nd will be paid a $0.225 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $0.90 annualized dividend and a dividend yield of 1.46%. Carrier Global's dividend payout ratio (DPR) is currently 14.33%.

Wall Street Analyst Weigh In

Several brokerages have commented on CARR. 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. Wells Fargo & Company cut their price target on Carrier Global from $75.00 to $70.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 12th. JPMorgan Chase & Co. decreased their price objective on Carrier Global from $78.00 to $64.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Royal Bank of Canada cut their target price on shares of Carrier Global from $86.00 to $76.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 12th. Finally, Mizuho set a $72.00 price target on shares of Carrier Global in a research note on Tuesday, April 22nd. Five equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $80.43.

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.