Voya Investment Management LLC Lowers Stock Holdings in Carrier Global Co. (NYSE:CARR)

Voya Investment Management LLC lessened its holdings in shares of Carrier Global Co. (NYSE:CARR) by 49.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,260,505 shares of the company’s stock after selling 1,250,349 shares during the quarter. Voya Investment Management LLC owned approximately 0.14% of Carrier Global worth $86,042,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Norges Bank acquired a new stake in Carrier Global in the 4th quarter worth about $588,029,000. Wealthfront Advisers LLC boosted 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 worth $341,300,000 after acquiring 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 worth approximately $166,061,000. Raymond James Financial Inc. purchased a new stake in Carrier Global in the fourth quarter valued at approximately $108,433,000. Finally, Invesco Ltd. increased its position in Carrier Global by 40.3% during the fourth 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.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on CARR shares. Citigroup lowered their price objective on shares of Carrier Global from $89.00 to $72.00 and set a “buy” rating for the company in a research note on Monday, April 14th. 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 research note on Monday, February 24th. Mizuho set a $72.00 price objective on Carrier Global in a research note on Tuesday. Royal Bank of Canada decreased their target price on Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Finally, Wells Fargo & Company cut their price target on shares of Carrier Global from $75.00 to $70.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 12th. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $79.73.

Carrier Global Stock Up 2.9 %

Shares of Carrier Global stock opened at $60.29 on Friday. Carrier Global Co. has a 1-year low of $54.22 and a 1-year high of $83.32. The company has a market capitalization of $52.09 billion, a PE ratio of 9.60, a P/E/G ratio of 2.01 and a beta of 1.33. 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 business has a 50-day moving average of $63.34 and a 200-day moving average of $69.10.

Carrier Global (NYSE:CARR) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm posted $0.53 earnings per share. As a group, equities analysts forecast that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders 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 dividend on an annualized basis and a yield of 1.49%. Carrier Global’s dividend payout ratio (DPR) is 14.33%.

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.