Value Partners Investments Inc. Trims Holdings in Carrier Global Co. (NYSE:CARR)

Value Partners Investments Inc. trimmed its holdings in shares of Carrier Global Co. (NYSE:CARR) by 11.4% during the 4th quarter, Holdings Channel reports. The fund owned 29,041 shares of the company’s stock after selling 3,723 shares during the period. Value Partners Investments Inc.’s holdings in Carrier Global were worth $1,982,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CARR. RFG Advisory LLC lifted its holdings 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 buying an additional 1,904 shares during the period. Princeton Global Asset Management LLC boosted its position in Carrier Global by 1,156.1% during the fourth quarter. Princeton Global Asset Management LLC now owns 20,663 shares of the company’s stock valued at $1,410,000 after purchasing an additional 19,018 shares in the last quarter. Miracle Mile Advisors LLC purchased a new position in Carrier Global in the fourth quarter valued at about $2,213,000. Waldron Private Wealth LLC raised its holdings in Carrier Global by 90.5% in the fourth quarter. Waldron Private Wealth LLC now owns 16,532 shares of the company’s stock worth $1,128,000 after purchasing an additional 7,854 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of Carrier Global by 761.6% during the third quarter. Wellington Management Group LLP now owns 45,064 shares of the company’s stock valued at $3,627,000 after buying an additional 39,834 shares during the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Wells Fargo & Company reduced 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. Barclays cut their target price 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. JPMorgan Chase & Co. dropped their price objective on shares of Carrier Global from $78.00 to $64.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Royal Bank of Canada cut their target price on shares of Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Finally, Citigroup dropped their price objective on Carrier Global from $94.00 to $90.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Carrier Global presently has an average rating of “Moderate Buy” and a consensus price target of $81.33.

Carrier Global Trading Up 0.1 %

NYSE CARR opened at $59.14 on Monday. The company has a market capitalization of $51.09 billion, a PE ratio of 9.42, a P/E/G ratio of 2.01 and a beta of 1.33. 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 Co. has a 12 month low of $53.33 and a 12 month high of $83.32. The stock has a 50-day simple moving average of $64.27 and a 200 day simple moving average of $70.25.

Carrier Global (NYSE:CARR) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) 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 business posted $0.53 EPS. Research analysts forecast that Carrier Global Co. will post 2.99 EPS for the current year.

Carrier Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Friday, May 2nd will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 1.52%. The ex-dividend date is Friday, May 2nd. Carrier Global’s dividend payout ratio (DPR) is presently 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.