Nissay Asset Management Corp Japan ADV Lowers Position in Carrier Global Co. (NYSE:CARR)

Nissay Asset Management Corp Japan ADV trimmed its stake in shares of Carrier Global Co. (NYSE:CARR) by 1.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 99,334 shares of the company’s stock after selling 1,095 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Carrier Global were worth $6,844,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. UMB Bank n.a. increased its position in Carrier Global by 1.1% in the fourth quarter. UMB Bank n.a. now owns 13,293 shares of the company’s stock worth $907,000 after purchasing an additional 143 shares during the last quarter. Chicago Partners Investment Group LLC grew its stake in shares of Carrier Global by 2.6% in the 4th quarter. Chicago Partners Investment Group LLC now owns 5,887 shares of the company’s stock worth $403,000 after buying an additional 147 shares in the last quarter. Hanson & Doremus Investment Management increased its holdings in shares of Carrier Global by 6.2% in the 4th quarter. Hanson & Doremus Investment Management now owns 2,572 shares of the company’s stock worth $176,000 after buying an additional 150 shares during the last quarter. Syon Capital LLC raised its position in shares of Carrier Global by 2.2% during the 4th quarter. Syon Capital LLC now owns 7,089 shares of the company’s stock valued at $484,000 after buying an additional 155 shares in the last quarter. Finally, BOK Financial Private Wealth Inc. lifted its holdings in shares of Carrier Global by 80.0% in the 4th quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock valued at $25,000 after acquiring an additional 160 shares during the last quarter. 91.00% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. reduced their price objective on Carrier Global from $78.00 to $64.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Mizuho set a $72.00 target price on Carrier Global in a research report on Tuesday, April 22nd. Barclays raised their price target on Carrier Global from $83.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 7th. Royal Bank of Canada lifted their price objective on shares of Carrier Global from $71.00 to $82.00 and gave the stock an “outperform” rating in a research note on Friday, May 2nd. Finally, Northcoast Research raised shares of Carrier Global from a “neutral” rating to a “buy” rating and set a $85.00 target price on the stock in a research note on Friday, May 9th. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Carrier Global presently has a consensus rating of “Moderate Buy” and an average price target of $81.53.

Carrier Global Trading Up 0.3%

Shares of CARR opened at $73.56 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96. The firm has a market capitalization of $63.06 billion, a price-to-earnings ratio of 11.71, a PEG ratio of 2.01 and a beta of 1.33. The company has a 50-day moving average of $64.33 and a 200 day moving average of $67.97. Carrier Global Co. has a 1-year low of $54.22 and a 1-year high of $83.32.

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

Carrier Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Friday, May 2nd will be paid a dividend of $0.225 per share. The ex-dividend date is Friday, May 2nd. This represents a $0.90 annualized dividend and a dividend yield of 1.22%. Carrier Global’s dividend payout ratio is currently 13.93%.

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.