Kintegral Advisory LLC Cuts Stake in Carrier Global Co. (NYSE:CARR)

Kintegral Advisory LLC cut its holdings in shares of Carrier Global Co. (NYSE:CARR) by 4.4% during the 4th quarter, HoldingsChannel reports. The fund owned 26,781 shares of the company’s stock after selling 1,247 shares during the quarter. Kintegral Advisory LLC’s holdings in Carrier Global were worth $1,834,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in CARR. Cassaday & Co Wealth Management LLC lifted its stake in shares of Carrier Global by 4.5% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 4,341 shares of the company’s stock valued at $296,000 after acquiring an additional 188 shares during the last quarter. Compass Capital Corp MA ADV bought a new stake in Carrier Global in the fourth quarter valued at approximately $716,000. Centricity Wealth Management LLC purchased a new stake in shares of Carrier Global during the fourth quarter valued at approximately $49,000. ING Groep NV increased its stake in shares of Carrier Global by 620.9% in the fourth quarter. ING Groep NV now owns 106,573 shares of the company’s stock worth $7,275,000 after buying an additional 91,790 shares during the period. Finally, First Bank & Trust boosted its position in Carrier Global by 13.1% during the 4th quarter. First Bank & Trust now owns 4,793 shares of the company’s stock valued at $327,000 after buying an additional 555 shares during the period. 91.00% of the stock is currently owned by institutional investors.

Carrier Global Stock Performance

Shares of CARR opened at $66.10 on Friday. Carrier Global Co. has a 52 week low of $53.33 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. The stock has a market cap of $57.39 billion, a P/E ratio of 10.52, a P/E/G ratio of 2.01 and a beta of 1.35. The business’s 50 day moving average price is $67.46 and its 200-day moving average price is $72.33.

Carrier Global (NYSE:CARR) last released its earnings results on Tuesday, February 11th. The company reported $0.54 EPS 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 earned $0.53 EPS. Equities research analysts anticipate that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Carrier Global Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, December 20th were given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 1.36%. This is an increase from Carrier Global’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Friday, December 20th. Carrier Global’s dividend payout ratio is 14.33%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. The Goldman Sachs Group initiated coverage on shares of Carrier Global in a research report on Thursday, December 12th. They issued a “buy” rating and a $96.00 price objective on the stock. JPMorgan Chase & Co. cut their price target on shares of Carrier Global from $83.00 to $77.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Wells Fargo & Company decreased 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 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 target on the stock in a research report on Friday, February 14th. Finally, Northcoast Research assumed coverage on shares of Carrier Global in a report on Friday, November 22nd. They issued a “neutral” rating for the company. Seven analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $82.64.

About Carrier Global

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.