Laird Norton Wetherby Wealth Management LLC Sells 1,185 Shares of Carrier Global Co. (NYSE:CARR)

Laird Norton Wetherby Wealth Management LLC trimmed its holdings in Carrier Global Co. (NYSE:CARR) by 5.5% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 20,358 shares of the company’s stock after selling 1,185 shares during the quarter. Laird Norton Wetherby Wealth Management LLC’s holdings in Carrier Global were worth $1,390,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Geode Capital Management LLC increased its holdings in Carrier Global by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 17,357,770 shares of the company’s stock worth $1,181,300,000 after buying an additional 420,081 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of Carrier Global by 0.3% during the 4th quarter. Fisher Asset Management LLC now owns 14,313,331 shares of the company’s stock valued at $977,028,000 after buying an additional 46,222 shares in the last quarter. Northern Trust Corp lifted its position in shares of Carrier Global by 16.7% during the 4th quarter. Northern Trust Corp now owns 8,847,377 shares of the company’s stock valued at $603,922,000 after buying an additional 1,266,137 shares in the last quarter. Norges Bank purchased a new position in shares of Carrier Global during the 4th quarter valued at about $588,029,000. Finally, Pictet Asset Management Holding SA lifted its position in shares of Carrier Global by 2.1% during the 4th quarter. Pictet Asset Management Holding SA now owns 6,080,842 shares of the company’s stock valued at $415,078,000 after buying an additional 126,174 shares in the last quarter. 91.00% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CARR. JPMorgan Chase & Co. lowered their price objective 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. Northcoast Research raised Carrier Global from a “neutral” rating to a “buy” rating and set a $85.00 price objective on the stock in a research report on Friday, May 9th. Wells Fargo & Company lifted their price objective on Carrier Global from $65.00 to $75.00 and gave the company an “equal weight” rating in a research report on Monday, May 5th. Citigroup lowered their price target on Carrier Global from $89.00 to $72.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Finally, Barclays boosted their price target on Carrier Global from $83.00 to $84.00 and gave the stock an “overweight” rating in a report on Wednesday, May 7th. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $81.53.

Carrier Global Stock Performance

NYSE:CARR opened at $74.69 on Wednesday. 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 1 year low of $54.22 and a 1 year high of $83.32. The stock’s 50 day simple moving average is $64.08 and its two-hundred day simple moving average is $67.95. The company has a market cap of $64.03 billion, a price-to-earnings ratio of 11.89, a PEG ratio of 2.01 and a beta of 1.33.

Carrier Global (NYSE:CARR) last released its earnings results 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 firm had revenue of $5.22 billion for the quarter, compared to the consensus estimate 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 for the quarter was down 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 EPS. As a group, equities analysts anticipate that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Friday, May 2nd will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 1.20%. The ex-dividend date is Friday, May 2nd. Carrier Global’s dividend payout ratio (DPR) is presently 13.93%.

Carrier Global Company 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.