Carrier Global Co. (NYSE:CARR) Shares Sold by Fayez Sarofim & Co

Fayez Sarofim & Co decreased its stake in shares of Carrier Global Co. (NYSE:CARR) by 0.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 82,516 shares of the company’s stock after selling 201 shares during the period. Fayez Sarofim & Co’s holdings in Carrier Global were worth $5,633,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Norges Bank purchased a new position in Carrier Global in the fourth quarter valued at approximately $588,029,000. Wealthfront Advisers LLC boosted its position in Carrier Global by 5,840.1% during the 4th quarter. Wealthfront Advisers LLC now owns 5,000,000 shares of the company’s stock worth $341,300,000 after purchasing an additional 4,915,826 shares during the period. Artisan Partners Limited Partnership purchased a new position in Carrier Global in the fourth quarter valued at about $166,061,000. Raymond James Financial Inc. acquired a new position in shares of Carrier Global during the fourth quarter worth about $108,433,000. Finally, Invesco Ltd. boosted its position in shares of Carrier Global by 40.3% in the fourth quarter. Invesco Ltd. now owns 5,057,148 shares of the company’s stock worth $345,201,000 after buying an additional 1,453,247 shares during the period. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Wall Street Analysts Forecast Growth

CARR has been the topic of several recent research reports. Barclays reduced their price target on Carrier Global from $87.00 to $83.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 26th. Wells Fargo & Company lowered their price target on shares of Carrier Global from $75.00 to $70.00 and set an “equal weight” rating for the company in a report on Wednesday, February 12th. Citigroup decreased their price objective on shares of Carrier Global from $89.00 to $72.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Royal Bank of Canada cut their price target on Carrier Global from $86.00 to $76.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Finally, 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 note on Friday, February 14th. 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 company’s stock. According to MarketBeat, Carrier Global presently has an average rating of “Moderate Buy” and a consensus target price of $80.13.

Carrier Global Stock Performance

Shares of NYSE CARR opened at $58.22 on Tuesday. The stock has a market capitalization of $50.30 billion, a P/E ratio of 9.27, a P/E/G ratio of 2.01 and a beta of 1.33. The firm’s 50-day moving average price is $63.65 and its two-hundred day moving average price is $69.38. Carrier Global Co. has a 52-week low of $53.50 and a 52-week high of $83.32. The company has a quick ratio of 0.96, a current ratio of 1.25 and a debt-to-equity ratio of 0.77.

Carrier Global (NYSE:CARR) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) for the quarter, beating 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 last year, the company posted $0.53 earnings per share. As a group, sell-side analysts forecast that Carrier Global Co. will post 2.99 earnings per share for the current year.

Carrier Global Announces Dividend

The company 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. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $0.90 annualized dividend and a dividend yield of 1.55%. Carrier Global’s dividend payout ratio is currently 14.33%.

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.