Gamco Investors INC. ET AL Has $9.04 Million Position in Carrier Global Co. (NYSE:CARR)

Gamco Investors INC. ET AL cut its stake in Carrier Global Co. (NYSE:CARR) by 16.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 132,399 shares of the company’s stock after selling 26,370 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Carrier Global were worth $9,038,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Geode Capital Management LLC lifted its holdings in shares of Carrier Global by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 17,357,770 shares of the company’s stock valued at $1,181,300,000 after purchasing an additional 420,081 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Carrier Global by 0.3% in the fourth 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 during the period. Norges Bank bought a new stake in shares of Carrier Global during the fourth quarter worth $588,029,000. Pictet Asset Management Holding SA raised its holdings in shares of Carrier Global by 2.1% during the fourth quarter. Pictet Asset Management Holding SA now owns 6,080,842 shares of the company’s stock worth $415,078,000 after acquiring an additional 126,174 shares during the period. Finally, Invesco Ltd. lifted its position in Carrier Global by 40.3% in the 4th quarter. Invesco Ltd. now owns 5,057,148 shares of the company’s stock valued at $345,201,000 after acquiring an additional 1,453,247 shares in the last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Carrier Global Stock Down 2.0 %

Carrier Global stock opened at $59.29 on Thursday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96. The company’s 50-day moving average is $64.00 and its 200-day moving average is $69.97. The firm has a market capitalization of $51.23 billion, a PE ratio of 9.44, a P/E/G ratio of 2.01 and a beta of 1.33. Carrier Global Co. has a fifty-two week low of $53.33 and a fifty-two week high of $83.32.

Carrier Global (NYSE:CARR) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.03. Carrier Global had a return on equity of 18.82% and a net margin of 23.83%. During the same quarter in the prior year, the firm earned $0.53 EPS. Sell-side analysts anticipate that Carrier Global Co. will post 2.99 earnings per share for the current year.

Carrier Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Friday, May 2nd will be paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend is Friday, May 2nd. Carrier Global’s dividend payout ratio (DPR) is presently 14.33%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Mizuho raised Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price target on the stock in a research note on Friday, February 14th. JPMorgan Chase & Co. dropped their target price 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. Citigroup reduced their price target on Carrier Global from $89.00 to $72.00 and set a “buy” rating for the company in a research report on Monday. Barclays lowered their price objective on shares of Carrier Global from $87.00 to $83.00 and set an “overweight” rating on the stock in a report on Wednesday, March 26th. Finally, Wolfe Research upgraded shares of Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 target price for the company in a report on Monday, February 24th. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $80.13.

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.