Carrier Global Co. (NYSE:CARR) Shares Sold by Fiduciary Management Inc. WI

Fiduciary Management Inc. WI decreased its position in Carrier Global Co. (NYSE:CARR) by 5.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,223,256 shares of the company’s stock after selling 182,039 shares during the quarter. Carrier Global accounts for approximately 2.1% of Fiduciary Management Inc. WI’s holdings, making the stock its 11th largest position. Fiduciary Management Inc. WI’s holdings in Carrier Global were worth $220,019,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CARR. BOK Financial Private Wealth Inc. increased its stake in Carrier Global by 80.0% during the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock valued at $25,000 after purchasing an additional 160 shares during the last quarter. Ritter Daniher Financial Advisory LLC DE boosted its holdings in shares of Carrier Global by 90.0% in the 4th 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 during the period. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Carrier Global during the 4th quarter valued at about $31,000. Meeder Asset Management Inc. raised its stake in Carrier Global by 236.1% during the fourth quarter. Meeder Asset Management Inc. now owns 484 shares of the company’s stock worth $33,000 after acquiring an additional 340 shares during the period. Finally, Aster Capital Management DIFC Ltd acquired a new stake in Carrier Global during the fourth quarter worth about $42,000. 91.00% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on CARR. Wolfe Research raised 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. Royal Bank of Canada lowered their price objective on Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. JPMorgan Chase & Co. cut their target price on Carrier Global from $78.00 to $64.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Mizuho upgraded shares of Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price target for the company in a research report on Friday, February 14th. Finally, Barclays cut their price objective on shares of Carrier Global from $87.00 to $83.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 26th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $80.13.

Carrier Global Price Performance

NYSE CARR opened at $59.87 on Friday. The firm has a market capitalization of $51.73 billion, a PE ratio of 9.53, a P/E/G ratio of 2.01 and a beta of 1.33. 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 12 month low of $53.33 and a 12 month high of $83.32. The company’s 50 day simple moving average is $63.76 and its 200 day simple moving average is $69.69.

Carrier Global (NYSE:CARR) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate 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 previous year, the firm posted $0.53 EPS. As a group, equities research analysts forecast that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Carrier Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Friday, May 2nd will be issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date is Friday, May 2nd. Carrier Global’s payout ratio is 14.33%.

Carrier Global 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.