Benjamin Edwards Inc. Sells 6,034 Shares of Carrier Global Co. (NYSE:CARR)

Benjamin Edwards Inc. lowered its stake in shares of Carrier Global Co. (NYSE:CARR) by 8.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,554 shares of the company’s stock after selling 6,034 shares during the period. Benjamin Edwards Inc.’s holdings in Carrier Global were worth $4,202,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. BOK Financial Private Wealth Inc. boosted its position in Carrier Global by 80.0% during the fourth 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 in the last quarter. Ritter Daniher Financial Advisory LLC DE lifted its position in shares of Carrier Global by 90.0% during the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 380 shares of the company’s stock valued at $26,000 after buying an additional 180 shares during the last quarter. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Carrier Global in the 4th quarter valued at about $31,000. Meeder Asset Management Inc. grew its position in shares of Carrier Global by 236.1% in the 4th quarter. Meeder Asset Management Inc. now owns 484 shares of the company’s stock worth $33,000 after buying an additional 340 shares during the last quarter. Finally, Transce3nd LLC bought a new position in shares of Carrier Global during the 4th quarter worth approximately $37,000. Institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Down 1.0 %

CARR opened at $70.79 on Tuesday. The company has a fifty day moving average of $63.16 and a two-hundred day moving average of $68.13. The stock has a market capitalization of $61.16 billion, a price-to-earnings ratio of 11.27, a PEG ratio of 2.01 and a beta of 1.33. Carrier Global Co. has a fifty-two week low of $54.22 and a fifty-two week high of $83.32. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25.

Carrier Global (NYSE:CARR) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.07. Carrier Global had a return on equity of 18.82% and a net margin of 23.83%. The firm had revenue of $5.22 billion during the quarter, compared to analyst estimates of $5.17 billion. During the same quarter in the previous year, the business earned $0.51 EPS. Carrier Global’s revenue for the quarter was down 3.7% compared to the same quarter last year. On average, research analysts expect that Carrier Global Co. will post 2.99 earnings per share for the current year.

Carrier Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Friday, May 2nd will be paid a $0.225 dividend. The ex-dividend date is Friday, May 2nd. This represents a $0.90 dividend on an annualized basis and a yield of 1.27%. Carrier Global’s dividend payout ratio is currently 13.93%.

Analysts Set New Price Targets

CARR has been the topic of several analyst reports. Barclays cut their price target on shares of Carrier Global from $87.00 to $83.00 and set an “overweight” rating on the stock in a report on Wednesday, March 26th. Wells Fargo & Company boosted their target price on Carrier Global from $65.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Monday. Mizuho set a $72.00 price target on Carrier Global in a research note on Tuesday, April 22nd. Royal Bank of Canada boosted their price target on Carrier Global from $71.00 to $82.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, 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. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $81.21.

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.