Carrier Global Co. (NYSE:CARR) Holdings Reduced by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S lessened its holdings in shares of Carrier Global Co. (NYSE:CARR) by 16.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 50,087 shares of the company’s stock after selling 10,009 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Carrier Global were worth $3,419,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in CARR. BOK Financial Private Wealth Inc. raised its holdings in Carrier Global by 80.0% during the 4th quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock worth $25,000 after buying an additional 160 shares during the period. Ritter Daniher Financial Advisory LLC DE grew its position in Carrier Global by 90.0% during the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 380 shares of the company’s stock worth $26,000 after purchasing an additional 180 shares in the last quarter. Bradley & Co. Private Wealth Management LLC acquired a new stake in Carrier Global during the 4th quarter valued at $31,000. Meeder Asset Management Inc. raised its stake in Carrier Global by 236.1% during the 4th quarter. Meeder Asset Management Inc. now owns 484 shares of the company’s stock valued at $33,000 after purchasing an additional 340 shares during the period. Finally, Aster Capital Management DIFC Ltd purchased a new stake in shares of Carrier Global in the fourth quarter valued at $42,000. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Carrier Global Stock Up 1.2 %

Carrier Global stock opened at $59.87 on Monday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96. Carrier Global Co. has a fifty-two week low of $53.50 and a fifty-two week high of $83.32. The firm has a fifty day moving average price of $63.76 and a two-hundred day moving average price of $69.54. The firm has a market cap of $51.73 billion, a price-to-earnings ratio of 9.53, a P/E/G ratio of 2.01 and a beta of 1.33.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 earnings per share 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 in the previous year, the firm posted $0.53 earnings per share. As a group, analysts forecast that Carrier Global Co. will post 2.99 earnings per share for the current year.

Carrier Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Friday, May 2nd will be paid a $0.225 dividend. The ex-dividend date is Friday, May 2nd. This represents a $0.90 annualized dividend and a dividend yield of 1.50%. Carrier Global’s payout ratio is 14.33%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CARR. Citigroup dropped their price target on Carrier Global from $89.00 to $72.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Royal Bank of Canada lowered their price objective on shares of Carrier Global from $86.00 to $76.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Mizuho raised Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price objective for the company in a research report on Friday, February 14th. JPMorgan Chase & Co. dropped their target price on Carrier Global from $78.00 to $64.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Finally, Wolfe Research upgraded Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price target for the company in a report on Monday, February 24th. Five research 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $80.13.

Carrier Global 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.