EP Wealth Advisors LLC Sells 4,487 Shares of Carrier Global Co. (NYSE:CARR)

EP Wealth Advisors LLC decreased its position in shares of Carrier Global Co. (NYSE:CARR) by 20.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 17,221 shares of the company’s stock after selling 4,487 shares during the quarter. EP Wealth Advisors LLC’s holdings in Carrier Global were worth $1,176,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. UMB Bank n.a. boosted its holdings in shares of Carrier Global by 1.1% in the fourth quarter. UMB Bank n.a. now owns 13,293 shares of the company’s stock worth $907,000 after acquiring an additional 143 shares during the period. Chicago Partners Investment Group LLC boosted its stake in Carrier Global by 2.6% in the 4th quarter. Chicago Partners Investment Group LLC now owns 5,887 shares of the company’s stock worth $403,000 after purchasing an additional 147 shares during the period. Hanson & Doremus Investment Management boosted its stake in Carrier Global by 6.2% in the 4th quarter. Hanson & Doremus Investment Management now owns 2,572 shares of the company’s stock worth $176,000 after purchasing an additional 150 shares during the period. Syon Capital LLC grew its holdings in Carrier Global by 2.2% during the 4th quarter. Syon Capital LLC now owns 7,089 shares of the company’s stock valued at $484,000 after buying an additional 155 shares in the last quarter. Finally, BOK Financial Private Wealth Inc. increased its position in shares of Carrier Global by 80.0% during the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock valued at $25,000 after buying an additional 160 shares during the period. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Trading Up 1.3 %

CARR stock opened at $71.44 on Friday. The company has a market capitalization of $61.25 billion, a PE ratio of 11.38, a price-to-earnings-growth ratio of 2.01 and a beta of 1.33. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25. Carrier Global Co. has a one year low of $54.22 and a one year high of $83.32. The company’s 50 day moving average price is $63.72 and its two-hundred day moving average price is $68.02.

Carrier Global (NYSE:CARR) last issued its earnings results on Thursday, May 1st. The company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.07. Carrier Global had a net margin of 23.83% and a return on equity of 18.82%. The company had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $5.17 billion. During the same quarter last year, the company earned $0.51 EPS. The firm’s revenue was down 3.7% compared to the same quarter last year. As a group, analysts predict that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Friday, May 2nd will be issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend is Friday, May 2nd. Carrier Global’s dividend payout ratio is presently 13.93%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Carrier Global from $78.00 to $64.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Royal Bank of Canada boosted their price target on shares of Carrier Global from $71.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday, May 2nd. Citigroup lowered their price objective 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. Barclays boosted their target price on Carrier Global from $83.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Wolfe Research raised Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a report on Monday, February 24th. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.53.

About Carrier Global

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.