Fiduciary Management Inc. WI Reduces Position in Carrier Global Co. (NYSE:CARR)

Fiduciary Management Inc. WI reduced its stake in Carrier Global Co. (NYSE:CARR) by 5.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,223,256 shares of the company’s stock after selling 182,039 shares during the quarter. Carrier Global comprises approximately 2.1% of Fiduciary Management Inc. WI’s portfolio, making the stock its 11th biggest holding. Fiduciary Management Inc. WI owned approximately 0.36% of Carrier Global worth $220,019,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in CARR. Forum Financial Management LP raised its holdings in Carrier Global by 14.5% in the 4th quarter. Forum Financial Management LP now owns 7,388 shares of the company’s stock valued at $504,000 after acquiring an additional 938 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its stake in Carrier Global by 10.9% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 1,077,219 shares of the company’s stock valued at $73,533,000 after purchasing an additional 106,145 shares during the last quarter. GKV Capital Management Co. Inc. purchased a new position in Carrier Global during the fourth quarter worth about $446,000. MSH Capital Advisors LLC acquired a new stake in Carrier Global in the 4th quarter worth about $276,000. Finally, Marshall Wace LLP grew its holdings in Carrier Global by 1,726.6% in the 4th quarter. Marshall Wace LLP now owns 700,145 shares of the company’s stock valued at $47,792,000 after buying an additional 661,815 shares during the period. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Stock Performance

Carrier Global stock opened at $59.87 on Friday. Carrier Global Co. has a 12-month low of $53.33 and a 12-month high of $83.32. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96. The company has a market capitalization of $51.73 billion, a price-to-earnings ratio of 9.53, a price-to-earnings-growth ratio of 2.01 and a beta of 1.33. The firm’s fifty day moving average price is $63.76 and its 200 day moving average price is $69.69.

Carrier Global (NYSE:CARR) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 EPS for the quarter, topping 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 in the previous year, the business earned $0.53 EPS. On average, research analysts forecast that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders 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 dividend yield of 1.50%. The ex-dividend date of this dividend is Friday, May 2nd. Carrier Global’s payout ratio is currently 14.33%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CARR. JPMorgan Chase & Co. decreased their target price on shares of Carrier Global from $78.00 to $64.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Wells Fargo & Company lowered their price objective on shares of Carrier Global from $75.00 to $70.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 12th. Royal Bank of Canada reduced their target price on Carrier Global from $86.00 to $76.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. Mizuho upgraded Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price objective on the stock in a report on Friday, February 14th. Finally, Wolfe Research upgraded Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 target price for the company in a report on Monday, February 24th. Five research 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 company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $80.13.

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.