Keybank National Association OH Reduces Stock Position in Carrier Global Co. (NYSE:CARR)

Keybank National Association OH trimmed its stake in shares of Carrier Global Co. (NYSE:CARR) by 2.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 154,122 shares of the company’s stock after selling 3,329 shares during the quarter. Keybank National Association OH’s holdings in Carrier Global were worth $10,520,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Commerzbank Aktiengesellschaft FI increased its holdings in Carrier Global by 30.0% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 4,116 shares of the company’s stock worth $281,000 after acquiring an additional 951 shares during the period. Synergy Investment Management LLC purchased a new position in shares of Carrier Global during the 4th quarter valued at $138,000. Bahl & Gaynor Inc. increased its holdings in shares of Carrier Global by 0.7% in the fourth quarter. Bahl & Gaynor Inc. now owns 100,696 shares of the company’s stock worth $6,874,000 after purchasing an additional 744 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Carrier Global by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,837,382 shares of the company’s stock worth $330,200,000 after buying an additional 92,975 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its stake in Carrier Global by 0.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 111,270 shares of the company’s stock valued at $7,595,000 after buying an additional 557 shares during the period. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on CARR shares. JPMorgan Chase & Co. decreased their target price on Carrier Global from $83.00 to $77.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Citigroup decreased their price objective on shares of Carrier Global from $94.00 to $90.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Royal Bank of Canada cut their price target on shares of Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. Mizuho raised shares of Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price target on the stock in a report on Friday, February 14th. Finally, Barclays dropped their price objective on shares of Carrier Global from $90.00 to $87.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. Six investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Carrier Global presently has an average rating of “Moderate Buy” and a consensus target price of $82.47.

Carrier Global Stock Down 1.9 %

Shares of NYSE:CARR opened at $62.04 on Wednesday. The stock has a market capitalization of $53.60 billion, a P/E ratio of 9.88, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35. The stock’s 50-day moving average price is $66.89 and its 200-day moving average price is $72.35. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77. Carrier Global Co. has a 12-month low of $53.33 and a 12-month high of $83.32.

Carrier Global (NYSE:CARR) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter last year, the business posted $0.53 EPS. On average, equities analysts anticipate that Carrier Global Co. will post 2.99 earnings per share for the current year.

Carrier Global Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, December 20th were issued a dividend of $0.225 per share. 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 1.45%. The ex-dividend date was Friday, December 20th. Carrier Global’s dividend payout ratio is currently 14.33%.

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.