Covestor Ltd Has $94,000 Stock Position in Carrier Global Co. (NYSE:CARR)

Covestor Ltd lessened its holdings in shares of Carrier Global Co. (NYSE:CARR) by 64.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,388 shares of the company’s stock after selling 2,463 shares during the quarter. Covestor Ltd’s holdings in Carrier Global were worth $94,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of CARR. BOK Financial Private Wealth Inc. lifted its stake in shares of Carrier Global by 80.0% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock worth $25,000 after acquiring an additional 160 shares during the period. Ritter Daniher Financial Advisory LLC DE raised its holdings in Carrier Global by 90.0% during the 4th 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 during the last quarter. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Carrier Global in the 4th quarter worth approximately $31,000. Meeder Asset Management Inc. boosted its stake 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 purchasing an additional 340 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new stake in shares of Carrier Global during the fourth quarter worth $42,000. Institutional investors own 91.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on CARR shares. JPMorgan Chase & Co. dropped their price objective on Carrier Global from $78.00 to $64.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. 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. Royal Bank of Canada lowered their price objective on shares of Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. Wolfe Research raised shares of Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research note on Monday, February 24th. Finally, Barclays cut their price objective on shares of Carrier Global from $87.00 to $83.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 26th. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $81.33.

Carrier Global Stock Up 0.1 %

Shares of CARR stock opened at $59.14 on Monday. The company has a 50 day simple moving average of $64.27 and a two-hundred day simple moving average of $70.25. The stock has a market cap of $51.09 billion, a P/E ratio of 9.42, a P/E/G ratio of 2.01 and a beta of 1.33. Carrier Global Co. has a 12 month low of $53.33 and a 12 month high of $83.32. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77.

Carrier Global (NYSE:CARR) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) for the quarter, topping 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 firm posted $0.53 earnings per share. On average, research analysts expect that Carrier Global Co. will post 2.99 earnings per share for the current year.

Carrier Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Friday, May 2nd will be paid 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 yield of 1.52%. Carrier Global’s payout ratio is currently 14.33%.

About Carrier Global

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.