Carrier Global Co. (NYSE:CARR) Shares Sold by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board decreased its holdings in shares of Carrier Global Co. (NYSE:CARR) by 74.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 79,500 shares of the company’s stock after selling 225,997 shares during the period. Canada Pension Plan Investment Board’s holdings in Carrier Global were worth $5,427,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Morse Asset Management Inc bought a new position in Carrier Global in the third quarter worth about $201,000. Anchor Investment Management LLC lifted its holdings in shares of Carrier Global by 6.6% in the 3rd quarter. Anchor Investment Management LLC now owns 5,745 shares of the company’s stock worth $462,000 after purchasing an additional 355 shares during the last quarter. Wilmington Savings Fund Society FSB grew its stake in Carrier Global by 280.5% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 34,717 shares of the company’s stock worth $2,794,000 after buying an additional 25,594 shares during the last quarter. Peapack Gladstone Financial Corp grew its stake in Carrier Global by 1.4% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 176,984 shares of the company’s stock worth $14,246,000 after buying an additional 2,397 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in Carrier Global by 1.2% in the third quarter. Franklin Resources Inc. now owns 224,323 shares of the company’s stock worth $18,545,000 after buying an additional 2,596 shares during the period. 91.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on CARR shares. Barclays lowered their price target on shares of Carrier Global from $87.00 to $83.00 and set an “overweight” rating for the company in a research report on Wednesday, March 26th. JPMorgan Chase & Co. dropped their price target on shares of Carrier Global from $78.00 to $64.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Citigroup reduced their price objective on Carrier Global from $89.00 to $72.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Mizuho raised Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 target price on the stock in a research note on Friday, February 14th. Finally, Wells Fargo & Company reduced their price target on Carrier Global from $75.00 to $70.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $80.13.

Carrier Global Price Performance

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 company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25. The business’s fifty day moving average is $63.65 and its two-hundred day moving average is $69.38. Carrier Global Co. has a 1 year low of $53.50 and a 1 year high of $83.32.

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

Carrier Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Friday, May 2nd will be issued a $0.225 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.55%. Carrier Global’s payout ratio is currently 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.