Commerce Bank Has $9.99 Million Holdings in Carrier Global Co. (NYSE:CARR)

Commerce Bank trimmed its holdings in Carrier Global Co. (NYSE:CARR) by 0.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 146,336 shares of the company’s stock after selling 1,374 shares during the period. Commerce Bank’s holdings in Carrier Global were worth $9,989,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in CARR. RFG Advisory LLC boosted its position in Carrier Global by 36.2% during the fourth quarter. RFG Advisory LLC now owns 7,170 shares of the company’s stock worth $489,000 after purchasing an additional 1,904 shares during the period. Princeton Global Asset Management LLC boosted its holdings in shares of Carrier Global by 1,156.1% during the 4th quarter. Princeton Global Asset Management LLC now owns 20,663 shares of the company’s stock worth $1,410,000 after buying an additional 19,018 shares during the period. Miracle Mile Advisors LLC acquired a new position in Carrier Global in the 4th quarter valued at about $2,213,000. Waldron Private Wealth LLC raised its holdings in Carrier Global by 90.5% in the 4th quarter. Waldron Private Wealth LLC now owns 16,532 shares of the company’s stock valued at $1,128,000 after acquiring an additional 7,854 shares during the period. Finally, Gateway Wealth Partners LLC lifted its position in Carrier Global by 221.8% during the fourth quarter. Gateway Wealth Partners LLC now owns 10,327 shares of the company’s stock worth $705,000 after acquiring an additional 7,118 shares during the last quarter. 91.00% of the stock is currently owned by institutional investors.

Carrier Global Trading Up 1.2 %

Shares of CARR stock opened at $59.87 on Friday. Carrier Global Co. has a fifty-two week low of $53.33 and a fifty-two week high of $83.32. The stock’s fifty day moving average price is $63.76 and its two-hundred day moving average price is $69.69. 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 company has a market cap of $51.73 billion, a PE ratio of 9.53, a P/E/G ratio of 2.01 and a beta of 1.33.

Carrier Global (NYSE:CARR) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate 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 earned $0.53 EPS. Equities analysts predict that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Friday, May 2nd will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Friday, May 2nd. Carrier Global’s dividend payout ratio is 14.33%.

Wall Street Analyst Weigh In

Several research firms have recently commented on CARR. Wells Fargo & Company lowered their target price on Carrier Global from $75.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 12th. Royal Bank of Canada lowered their price objective on Carrier Global from $86.00 to $76.00 and set an “outperform” rating on the stock in a research report 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 for the company in a research report on Monday, February 24th. Citigroup lowered their price target on shares of Carrier Global from $89.00 to $72.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Finally, Barclays cut their price objective on shares of Carrier Global from $87.00 to $83.00 and set an “overweight” rating for the company in a report on Wednesday, March 26th. 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 company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $80.13.

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.