DRW Securities LLC Decreases Stock Holdings in Carrier Global Co. (NYSE:CARR)

DRW Securities LLC lessened its holdings in Carrier Global Co. (NYSE:CARR) by 58.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,882 shares of the company’s stock after selling 5,413 shares during the quarter. DRW Securities LLC’s holdings in Carrier Global were worth $265,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BOK Financial Private Wealth Inc. raised its position in shares of Carrier Global by 80.0% during the 4th quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock worth $25,000 after acquiring an additional 160 shares in the last quarter. Ritter Daniher Financial Advisory LLC DE raised its holdings in Carrier Global by 90.0% during the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 380 shares of the company’s stock worth $26,000 after purchasing an additional 180 shares in the last quarter. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of Carrier Global during the 4th quarter worth approximately $31,000. Meeder Asset Management Inc. grew its position in shares of Carrier Global by 236.1% in the 4th quarter. Meeder Asset Management Inc. now owns 484 shares of the company’s stock valued at $33,000 after buying an additional 340 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new position in shares of Carrier Global in the 4th quarter valued at $42,000. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Carrier Global Stock Down 2.9 %

CARR stock opened at $59.04 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77. The firm has a 50 day simple moving average of $64.36 and a 200-day simple moving average of $70.46. The company has a market capitalization of $51.01 billion, a P/E ratio of 9.40, a PEG ratio of 2.01 and a beta of 1.33. Carrier Global Co. has a twelve month low of $53.33 and a twelve month high of $83.32.

Carrier Global (NYSE:CARR) last released its earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share 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 company posted $0.53 earnings per share. On average, equities research analysts predict that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Friday, May 2nd will be given 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 1.52%. Carrier Global’s payout ratio is 14.33%.

Analyst Upgrades and Downgrades

CARR has been the subject of several research analyst reports. Mizuho upgraded shares of Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price objective for the company in a research note on Friday, February 14th. The Goldman Sachs Group assumed coverage on shares of Carrier Global in a research note on Thursday, December 12th. They issued a “buy” rating and a $96.00 target price for the company. Wells Fargo & Company cut their price objective on Carrier Global from $75.00 to $70.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. JPMorgan Chase & Co. decreased their target price on Carrier Global from $78.00 to $64.00 and set an “overweight” rating on the stock in a research report on Tuesday. Finally, Barclays dropped their price target 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. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $81.33.

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.