Carrier Global Co. (NYSE:CARR) Shares Sold by Cerity Partners LLC

Cerity Partners LLC cut its holdings in shares of Carrier Global Co. (NYSE:CARR) by 4.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 130,809 shares of the company’s stock after selling 6,012 shares during the period. Cerity Partners LLC’s holdings in Carrier Global were worth $9,274,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Morse Asset Management Inc purchased a new position in Carrier Global during the third quarter valued at approximately $201,000. Wellington Management Group LLP grew its position in shares of Carrier Global by 761.6% in the third quarter. Wellington Management Group LLP now owns 45,064 shares of the company’s stock valued at $3,627,000 after purchasing an additional 39,834 shares during the last quarter. Continuum Advisory LLC increased its position in Carrier Global by 40.6% in the 3rd quarter. Continuum Advisory LLC now owns 1,887 shares of the company’s stock worth $141,000 after buying an additional 545 shares during the period. Coldstream Capital Management Inc. increased its position in Carrier Global by 33.8% during the third quarter. Coldstream Capital Management Inc. now owns 11,635 shares of the company’s stock worth $927,000 after acquiring an additional 2,942 shares during the period. Finally, Toronto Dominion Bank increased its holdings in shares of Carrier Global by 14.0% during the 3rd quarter. Toronto Dominion Bank now owns 289,988 shares of the company’s stock worth $23,341,000 after purchasing an additional 35,550 shares during the period. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Trading Down 2.9 %

NYSE:CARR opened at $59.04 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25. The firm’s fifty day moving average is $64.36 and its 200-day moving average is $70.46. Carrier Global Co. has a 52 week low of $53.33 and a 52 week high of $83.32. The firm has a market cap of $51.01 billion, a P/E ratio of 9.40, a P/E/G ratio of 2.01 and a beta of 1.33.

Carrier Global (NYSE:CARR) last issued its earnings results on Tuesday, February 11th. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03. Carrier Global had a return on equity of 18.82% and a net margin of 23.83%. During the same period last year, the business posted $0.53 earnings per share. Equities analysts expect that Carrier Global Co. will post 2.99 earnings per share for the current year.

Carrier Global Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $0.90 annualized dividend and a dividend yield of 1.52%. Carrier Global’s dividend payout ratio is currently 14.33%.

Wall Street Analyst Weigh In

CARR has been the subject of a number of recent research reports. Barclays dropped their price objective on shares of Carrier Global from $87.00 to $83.00 and set an “overweight” rating for the company in a research note on Wednesday, March 26th. The Goldman Sachs Group assumed coverage on Carrier Global in a research report on Thursday, December 12th. They issued a “buy” rating and a $96.00 price objective for the company. Mizuho raised shares of Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 target price for the company in a research note on Friday, February 14th. JPMorgan Chase & Co. cut their price target on Carrier Global from $78.00 to $64.00 and set an “overweight” rating on the stock in a research note on Tuesday. Finally, Wolfe Research upgraded shares of Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a report on Monday, February 24th. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $81.33.

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.