Carrier Global Co. (NYSE:CARR) Shares Sold by GeoWealth Management LLC

GeoWealth Management LLC reduced its stake in shares of Carrier Global Co. (NYSE:CARR) by 14.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 11,074 shares of the company’s stock after selling 1,796 shares during the quarter. GeoWealth Management LLC’s holdings in Carrier Global were worth $756,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of CARR. UMB Bank n.a. grew its holdings in Carrier Global by 1.1% during the fourth quarter. UMB Bank n.a. now owns 13,293 shares of the company’s stock worth $907,000 after acquiring an additional 143 shares during the period. Chicago Partners Investment Group LLC boosted its position in Carrier Global by 2.6% in the 4th quarter. Chicago Partners Investment Group LLC now owns 5,887 shares of the company’s stock worth $403,000 after purchasing an additional 147 shares in the last quarter. Hanson & Doremus Investment Management grew its stake in shares of Carrier Global by 6.2% during the 4th quarter. Hanson & Doremus Investment Management now owns 2,572 shares of the company’s stock worth $176,000 after purchasing an additional 150 shares during the period. BOK Financial Private Wealth Inc. lifted its stake in shares of Carrier Global by 80.0% in the 4th quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock valued at $25,000 after purchasing an additional 160 shares during the period. Finally, Garden State Investment Advisory Services LLC lifted its stake in shares of Carrier Global by 2.8% in the 3rd quarter. Garden State Investment Advisory Services LLC now owns 5,950 shares of the company’s stock valued at $480,000 after purchasing an additional 161 shares during the period. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Up 1.2 %

CARR stock opened at $59.87 on Monday. The company has a market cap of $51.73 billion, a price-to-earnings ratio of 9.53, a PEG ratio of 2.01 and a beta of 1.33. The firm has a 50-day moving average of $63.76 and a two-hundred day moving average of $69.54. Carrier Global Co. has a 12 month low of $53.50 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 announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 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 quarter in the prior year, the business earned $0.53 EPS. As a group, analysts forecast that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Friday, May 2nd will be issued a $0.225 dividend. 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 dividend payout ratio is currently 14.33%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CARR. Citigroup cut their price objective on shares of Carrier Global from $89.00 to $72.00 and set a “buy” rating for the company in a report on Monday, April 14th. Wolfe Research raised Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price target for the company in a report on Monday, February 24th. JPMorgan Chase & Co. lowered their price target on Carrier Global from $78.00 to $64.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Mizuho upgraded Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price objective for the company in a research report on Friday, February 14th. Finally, Royal Bank of Canada decreased their target price 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. Five 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 presently has an average rating of “Moderate Buy” and an average target price of $80.13.

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.