Carrier Global Corporation $CARR Stock Purchased by CENTRAL TRUST Co

CENTRAL TRUST Co raised its position in Carrier Global Corporation (NYSE:CARR) by 68.4% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 35,387 shares of the company’s stock after acquiring an additional 14,369 shares during the period. CENTRAL TRUST Co’s holdings in Carrier Global were worth $1,941,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of CARR. Van Hulzen Asset Management LLC bought a new stake in shares of Carrier Global during the second quarter worth about $1,992,000. Robeco Institutional Asset Management B.V. boosted its stake in Carrier Global by 269.6% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 118,806 shares of the company’s stock valued at $6,646,000 after purchasing an additional 86,665 shares during the last quarter. Reynders McVeigh Capital Management LLC lifted its holdings in shares of Carrier Global by 3.0% in the second quarter. Reynders McVeigh Capital Management LLC now owns 918,219 shares of the company’s stock valued at $67,351,000 after purchasing an additional 27,061 shares in the last quarter. Cohen Klingenstein LLC lifted its holdings in shares of Carrier Global by 317.2% in the third quarter. Cohen Klingenstein LLC now owns 190,538 shares of the company’s stock valued at $10,453,000 after purchasing an additional 144,870 shares in the last quarter. Finally, Cardinal Capital Management Inc. boosted its position in shares of Carrier Global by 7.1% during the second quarter. Cardinal Capital Management Inc. now owns 575,335 shares of the company’s stock valued at $42,201,000 after buying an additional 37,934 shares during the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global Trading Down 0.3%

NYSE CARR opened at $54.23 on Friday. The stock has a market capitalization of $44.37 billion, a price-to-earnings ratio of 20.59, a PEG ratio of 2.00 and a beta of 1.33. Carrier Global Corporation has a one year low of $50.24 and a one year high of $76.76. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.00 and a quick ratio of 0.68. The business’s fifty day moving average is $55.45 and its 200-day moving average is $61.59.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data on Thursday, October 29th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.11. The business had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.09 billion. Carrier Global had a negative net margin of 7.90% and a positive return on equity of 16.99%. The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.67 earnings per share. Equities research analysts predict that Carrier Global Corporation will post 2.85 EPS for the current year.

Carrier Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 18th. Stockholders of record on Thursday, October 29th will be paid a dividend of $0.24 per share. The ex-dividend date is Thursday, October 29th. This represents a $0.96 annualized dividend and a dividend yield of 1.8%. Carrier Global’s dividend payout ratio (DPR) is presently -43.24%.

Analyst Upgrades and Downgrades

CARR has been the subject of several recent research reports. BNP Paribas Exane decreased their price target on Carrier Global from $68.00 to $60.00 and set a “neutral” rating for the company in a report on Friday, October 30th. Deutsche Bank dropped their price objective on Carrier Global from $71.00 to $64.00 and set a “hold” rating on the stock in a research note on Wednesday, September 30th. Mizuho cut their price objective on shares of Carrier Global from $75.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday, October 15th. Citigroup reduced their target price on shares of Carrier Global from $80.00 to $71.00 and set a “buy” rating for the company in a research note on Friday, October 30th. Finally, Royal Bank Of Canada cut their price target on shares of Carrier Global from $72.00 to $70.00 and set an “outperform” rating on the stock in a report on Friday, October 30th. Eleven equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Carrier Global presently has a consensus rating of “Moderate Buy” and an average price target of $69.27.

Carrier Global Profile

Carrier Global Corporation develops and provides heating, ventilation, air conditioning and refrigeration systems, along with related building technologies. Its products and services serve residential, commercial and industrial customers, as well as applications that require temperature-controlled transportation and storage. The company’s offerings include heating and cooling equipment, building automation and energy-management solutions, and fire and security systems. Its portfolio includes brands such as Carrier, Bryant and Kidde, and it provides installation, maintenance and other services to support its equipment.