Great West Life Assurance Co. Can decreased its position in shares of Carrier Global Co. (NYSE:CARR – Free Report) by 16.4% during the second quarter, Holdings Channel.com reports. The firm owned 1,022,702 shares of the company’s stock after selling 200,278 shares during the period. Great West Life Assurance Co. Can’s holdings in Carrier Global were worth $51,096,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Tower View Wealth Management LLC raised its holdings in Carrier Global by 0.3% in the 2nd quarter. Tower View Wealth Management LLC now owns 55,090 shares of the company’s stock worth $2,739,000 after purchasing an additional 187 shares during the period. Geneos Wealth Management Inc. raised its stake in shares of Carrier Global by 7.3% during the 2nd quarter. Geneos Wealth Management Inc. now owns 2,781 shares of the company’s stock worth $138,000 after buying an additional 189 shares during the period. Oakworth Capital Inc. lifted its position in shares of Carrier Global by 12.3% during the 2nd quarter. Oakworth Capital Inc. now owns 1,831 shares of the company’s stock valued at $91,000 after buying an additional 200 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in shares of Carrier Global by 3.3% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 6,236 shares of the company’s stock valued at $310,000 after buying an additional 200 shares in the last quarter. Finally, Foster & Motley Inc. grew its stake in Carrier Global by 1.4% in the 2nd quarter. Foster & Motley Inc. now owns 14,532 shares of the company’s stock valued at $722,000 after acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 91.47% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on the stock. Morgan Stanley increased their price objective on shares of Carrier Global from $57.00 to $59.00 and gave the company an “equal weight” rating in a report on Friday, September 22nd. Wells Fargo & Company decreased their price target on shares of Carrier Global from $60.00 to $55.00 in a research note on Monday, October 9th. Royal Bank of Canada boosted their price objective on Carrier Global from $54.00 to $64.00 and gave the stock an “outperform” rating in a research note on Friday, July 28th. Argus raised their target price on Carrier Global from $52.00 to $68.00 and gave the company a “buy” rating in a research report on Tuesday, August 1st. Finally, Barclays lifted their price target on Carrier Global from $54.00 to $63.00 in a research note on Friday, July 28th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Carrier Global currently has a consensus rating of “Hold” and a consensus price target of $57.63.
Carrier Global Trading Up 0.7 %
Shares of CARR stock opened at $53.60 on Tuesday. The company has a current ratio of 1.66, a quick ratio of 1.25 and a debt-to-equity ratio of 1.02. Carrier Global Co. has a twelve month low of $40.28 and a twelve month high of $60.04. The company’s 50-day moving average price is $52.19 and its 200-day moving average price is $51.06. The stock has a market cap of $44.97 billion, a price-to-earnings ratio of 38.01, a PEG ratio of 1.82 and a beta of 1.45.
Carrier Global (NYSE:CARR – Get Free Report) last posted its earnings results on Thursday, October 26th. The company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.11. The company had revenue of $5.73 billion for the quarter, compared to analyst estimates of $5.89 billion. Carrier Global had a net margin of 5.43% and a return on equity of 26.60%. Carrier Global’s revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.70 EPS. As a group, equities analysts predict that Carrier Global Co. will post 2.71 earnings per share for the current year.
Carrier Global Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Friday, October 27th were paid a dividend of $0.185 per share. The ex-dividend date was Thursday, October 26th. This represents a $0.74 annualized dividend and a yield of 1.38%. Carrier Global’s dividend payout ratio (DPR) is 52.48%.
About Carrier Global
Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies worldwide. It operates through three segments: HVAC, Refrigeration, and Fire & Security. The HVAC segment provides products, controls, services, and solutions to meet the heating, cooling, and ventilation needs of residential and commercial customers.
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