Carrier Global Corporation $CARR Stock: Sterling Capital Management LLC Increases Holdings

Sterling Capital Management LLC lifted its position in Carrier Global Corporation (NYSE:CARR) by 266.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,835 shares of the company’s stock after acquiring an additional 10,791 shares during the period. Sterling Capital Management LLC’s holdings in Carrier Global were worth $814,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. WASHINGTON TRUST Co boosted its position in shares of Carrier Global by 42.1% during the third quarter. WASHINGTON TRUST Co now owns 17,257 shares of the company’s stock worth $947,000 after purchasing an additional 5,114 shares in the last quarter. Yousif Capital Management LLC grew its holdings in shares of Carrier Global by 34.2% in the 3rd quarter. Yousif Capital Management LLC now owns 109,410 shares of the company’s stock valued at $6,002,000 after buying an additional 27,863 shares during the period. BIP Wealth LLC grew its holdings in shares of Carrier Global by 6.3% in the 3rd quarter. BIP Wealth LLC now owns 4,391 shares of the company’s stock valued at $241,000 after buying an additional 261 shares during the period. MBL Wealth LLC grew its holdings in shares of Carrier Global by 245.7% in the 3rd quarter. MBL Wealth LLC now owns 13,486 shares of the company’s stock valued at $740,000 after buying an additional 9,585 shares during the period. Finally, Compass Wealth Management LLC increased its position in shares of Carrier Global by 11.7% in the 3rd quarter. Compass Wealth Management LLC now owns 13,425 shares of the company’s stock valued at $736,000 after buying an additional 1,408 shares in the last quarter. Institutional investors own 91.00% of the company’s stock.

Analyst Ratings Changes

CARR has been the topic of several research analyst reports. The Goldman Sachs Group downgraded Carrier Global from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $74.00 to $61.00 in a research note on Wednesday, October 14th. Royal Bank Of Canada decreased their target price on Carrier Global from $82.00 to $72.00 and set an “outperform” rating for the company in a research note on Wednesday, October 14th. Zacks Research downgraded Carrier Global from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 1st. Wolfe Research reaffirmed an “outperform” rating and set a $80.00 price target on shares of Carrier Global in a research report on Thursday, July 9th. Finally, Wells Fargo & Company assumed coverage on Carrier Global in a report on Thursday, September 24th. They set an “overweight” rating and a $67.00 price objective on the stock. Eleven research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, Carrier Global presently has an average rating of “Moderate Buy” and a consensus target price of $70.43.

Carrier Global Price Performance

Shares of CARR stock opened at $57.87 on Wednesday. The firm has a fifty day moving average of $56.72 and a 200-day moving average of $61.71. Carrier Global Corporation has a 12-month low of $50.24 and a 12-month high of $76.76.

Carrier Global (NYSE:CARR) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.04. The company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.02 billion. The company’s revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.92 earnings per share. Research analysts anticipate that Carrier Global Corporation will post 2.87 EPS for the current fiscal year.

Carrier Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 18th. Investors of record on Thursday, October 29th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Thursday, October 29th. This represents a $0.96 dividend on an annualized basis and a yield of 1.7%.

Carrier Global Company Profile

Carrier Global Corporation (NYSE:CARR) is a global provider of intelligent climate and energy solutions. The company develops and manufactures heating, ventilation and air-conditioning (HVAC) systems, refrigeration equipment, building automation technologies and related controls and services for residential, commercial and industrial customers.

Its offerings include air conditioners, heat pumps, furnaces, boilers, chillers, ventilation systems, refrigeration systems and building management solutions.