AMJ Financial Wealth Management Sells 1,793 Shares of Carrier Global Co. (NYSE:CARR)

AMJ Financial Wealth Management trimmed its holdings in Carrier Global Co. (NYSE:CARR) by 19.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,223 shares of the company’s stock after selling 1,793 shares during the period. AMJ Financial Wealth Management’s holdings in Carrier Global were worth $493,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. RFG Advisory LLC lifted its position in Carrier Global by 36.2% in the 4th quarter. RFG Advisory LLC now owns 7,170 shares of the company’s stock valued at $489,000 after acquiring an additional 1,904 shares in the last quarter. Princeton Global Asset Management LLC raised its stake in shares of Carrier Global by 1,156.1% in the fourth quarter. Princeton Global Asset Management LLC now owns 20,663 shares of the company’s stock worth $1,410,000 after purchasing an additional 19,018 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Carrier Global by 12.3% in the third quarter. Daiwa Securities Group Inc. now owns 100,440 shares of the company’s stock valued at $8,084,000 after purchasing an additional 11,032 shares in the last quarter. Cerity Partners LLC boosted its position in shares of Carrier Global by 39.0% during the third quarter. Cerity Partners LLC now owns 136,821 shares of the company’s stock valued at $11,013,000 after buying an additional 38,365 shares during the last quarter. Finally, Miracle Mile Advisors LLC purchased a new position in shares of Carrier Global during the fourth quarter valued at approximately $2,213,000. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. dropped their price objective on Carrier Global from $83.00 to $77.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Wells Fargo & Company cut their price target on shares of Carrier Global from $75.00 to $70.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 12th. Mizuho upgraded shares of 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. Northcoast Research assumed coverage on Carrier Global in a research note on Friday, November 22nd. They issued a “neutral” rating on the stock. Finally, 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 research report on Monday, February 24th. Six equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $82.47.

Carrier Global Stock Down 2.6 %

Shares of NYSE CARR opened at $63.11 on Tuesday. 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 stock has a market capitalization of $54.53 billion, a PE ratio of 10.05, a P/E/G ratio of 2.01 and a beta of 1.35. Carrier Global Co. has a one year low of $53.33 and a one year high of $83.32. The business’s fifty day moving average price is $67.04 and its 200-day moving average price is $72.39.

Carrier Global (NYSE:CARR) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.51 by $0.03. Carrier Global had a net margin of 23.83% and a return on equity of 18.82%. During the same quarter in the prior year, the firm earned $0.53 EPS. On average, equities research analysts anticipate that Carrier Global Co. will post 2.99 EPS for the current year.

Carrier Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, December 20th were issued a $0.225 dividend. The ex-dividend date was Friday, December 20th. This is an increase from Carrier Global’s previous quarterly dividend of $0.19. This represents a $0.90 annualized dividend and a yield of 1.43%. Carrier Global’s dividend payout ratio (DPR) is 14.33%.

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.