Carrier Global Co. (NYSE:CARR) Shares Sold by State of Tennessee Department of Treasury

State of Tennessee Department of Treasury trimmed its position in shares of Carrier Global Co. (NYSE:CARR) by 4.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 339,208 shares of the company’s stock after selling 14,375 shares during the quarter. State of Tennessee Department of Treasury’s holdings in Carrier Global were worth $23,154,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in Carrier Global in the 4th quarter valued at about $588,029,000. Wealthfront Advisers LLC grew its position in shares of Carrier Global by 5,840.1% in the fourth quarter. Wealthfront Advisers LLC now owns 5,000,000 shares of the company’s stock valued at $341,300,000 after purchasing an additional 4,915,826 shares during the last quarter. Artisan Partners Limited Partnership acquired a new stake in shares of Carrier Global in the fourth quarter valued at approximately $166,061,000. Raymond James Financial Inc. purchased a new position in shares of Carrier Global during the 4th quarter worth approximately $108,433,000. Finally, Invesco Ltd. raised its position in shares of Carrier Global by 40.3% during the 4th quarter. Invesco Ltd. now owns 5,057,148 shares of the company’s stock worth $345,201,000 after purchasing an additional 1,453,247 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Price Performance

Shares of Carrier Global stock opened at $59.51 on Wednesday. The stock has a market capitalization of $51.42 billion, a P/E ratio of 9.48, a PEG ratio of 2.01 and a beta of 1.33. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77. The business’s fifty day moving average price is $63.57 and its 200 day moving average price is $69.32. Carrier Global Co. has a twelve month low of $53.66 and a twelve month high of $83.32.

Carrier Global (NYSE:CARR) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 earnings per share for the quarter, beating 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 period last year, the company posted $0.53 EPS. As a group, research analysts anticipate that Carrier Global Co. will post 2.99 earnings per share for the current year.

Carrier Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Friday, May 2nd will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend is Friday, May 2nd. Carrier Global’s payout ratio is currently 14.33%.

Wall Street Analysts Forecast Growth

CARR has been the topic of a number of analyst reports. Barclays lowered their target price on Carrier Global from $87.00 to $83.00 and set an “overweight” rating on the stock in a report on Wednesday, March 26th. Citigroup dropped their price objective on Carrier Global from $89.00 to $72.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Mizuho upgraded shares of Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 target price on the stock in a report on Friday, February 14th. JPMorgan Chase & Co. lowered their price target on shares of Carrier Global from $78.00 to $64.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Finally, Wolfe Research raised shares of Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research note on Monday, February 24th. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Carrier Global currently has a consensus rating of “Moderate Buy” and a consensus price target 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.