MONECO Advisors LLC Decreases Stock Holdings in Carrier Global Co. (NYSE:CARR)

MONECO Advisors LLC trimmed its position in shares of Carrier Global Co. (NYSE:CARR) by 12.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,567 shares of the company’s stock after selling 515 shares during the quarter. MONECO Advisors LLC’s holdings in Carrier Global were worth $243,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of CARR. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Carrier Global by 4.4% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 67,318 shares of the company’s stock valued at $5,420,000 after buying an additional 2,832 shares during the last quarter. Arkadios Wealth Advisors lifted its position in shares of Carrier Global by 1.3% during the third quarter. Arkadios Wealth Advisors now owns 12,199 shares of the company’s stock valued at $982,000 after buying an additional 159 shares during the last quarter. GHP Investment Advisors Inc. lifted its position in shares of Carrier Global by 67.2% during the third quarter. GHP Investment Advisors Inc. now owns 687 shares of the company’s stock valued at $55,000 after buying an additional 276 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in shares of Carrier Global in the 3rd quarter valued at approximately $265,000. Finally, TCI Wealth Advisors Inc. purchased a new position in shares of Carrier Global in the 3rd quarter valued at approximately $206,000. 91.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CARR has been the subject of several research analyst reports. Wolfe Research raised shares of Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research report on Monday. Barclays decreased their price objective on shares of Carrier Global from $90.00 to $87.00 and set an “overweight” rating for the company in a research report on Wednesday, February 12th. UBS Group raised shares of Carrier Global from a “neutral” rating to a “buy” rating and set a $94.00 price objective for the company in a research report on Wednesday, November 13th. 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 research report on Wednesday, February 12th. Finally, 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 for the company. Six research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $82.47.

Carrier Global Stock Up 0.7 %

Shares of NYSE CARR opened at $67.03 on Wednesday. The company’s 50-day simple moving average is $67.30 and its 200-day simple moving average is $72.43. Carrier Global Co. has a 52-week low of $53.33 and a 52-week high of $83.32. The firm has a market cap of $58.21 billion, a price-to-earnings ratio of 10.67, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35. The company has a quick ratio of 0.96, a current ratio of 1.25 and a debt-to-equity ratio of 0.77.

Carrier Global (NYSE:CARR) last announced its 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 net margin of 23.83% and a return on equity of 18.82%. During the same period last year, the business earned $0.53 EPS. Equities analysts predict that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Carrier Global Increases Dividend

The firm also recently declared 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. The ex-dividend date was Friday, December 20th. This is a positive change from Carrier Global’s previous quarterly dividend of $0.19. This represents a $0.90 dividend on an annualized basis and a yield of 1.34%. Carrier Global’s payout ratio is presently 14.33%.

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.