Carrier Global Co. (NYSE:CARR) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. trimmed its stake in shares of Carrier Global Co. (NYSE:CARR) by 10.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 736,779 shares of the company’s stock after selling 86,491 shares during the period. Ameriprise Financial Inc.’s holdings in Carrier Global were worth $50,319,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. BOK Financial Private Wealth Inc. raised its holdings in Carrier Global by 80.0% during the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock worth $25,000 after purchasing an additional 160 shares during the last quarter. Ritter Daniher Financial Advisory LLC DE increased its position in shares of Carrier Global by 90.0% in the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 380 shares of the company’s stock valued at $26,000 after buying an additional 180 shares in the last quarter. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Carrier Global during the 4th quarter worth $31,000. Meeder Asset Management Inc. boosted its position in shares of Carrier Global by 236.1% in the 4th quarter. Meeder Asset Management Inc. now owns 484 shares of the company’s stock worth $33,000 after buying an additional 340 shares in the last quarter. Finally, Transce3nd LLC acquired a new stake in Carrier Global in the 4th quarter valued at about $37,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CARR shares. JPMorgan Chase & Co. reduced their price target on shares of Carrier Global from $78.00 to $64.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Northcoast Research upgraded Carrier Global from a “neutral” rating to a “buy” rating and set a $85.00 price objective for the company in a research report on Friday. Wolfe Research upgraded Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a report on Monday, February 24th. Wells Fargo & Company boosted their price target on Carrier Global from $65.00 to $75.00 and gave the stock an “equal weight” rating in a report on Monday, May 5th. Finally, Royal Bank of Canada increased their price objective on Carrier Global from $71.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.53.

Carrier Global Trading Up 1.3 %

Shares of CARR opened at $71.44 on Friday. Carrier Global Co. has a twelve month low of $54.22 and a twelve month high of $83.32. The firm has a market capitalization of $61.25 billion, a P/E ratio of 11.38, a price-to-earnings-growth 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 stock’s fifty day simple moving average is $63.72 and its 200 day simple moving average is $67.94.

Carrier Global (NYSE:CARR) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.07. The business had revenue of $5.22 billion for the quarter, compared to analyst estimates of $5.17 billion. Carrier Global had a return on equity of 18.82% and a net margin of 23.83%. The company’s revenue was down 3.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.51 EPS. On average, equities research analysts forecast 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 1.26%. The ex-dividend date is Friday, May 2nd. Carrier Global’s payout ratio is currently 13.93%.

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.