Hartford Financial Management Inc. reduced its holdings in Carrier Global (NYSE:CARR) by 1.5% in the third quarter, HoldingsChannel reports. The firm owned 27,323 shares of the company’s stock after selling 426 shares during the period. Hartford Financial Management Inc.’s holdings in Carrier Global were worth $834,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of CARR. Vanguard Group Inc. purchased a new position in shares of Carrier Global during the second quarter valued at approximately $2,062,136,000. Davis Selected Advisers purchased a new position in shares of Carrier Global during the second quarter valued at approximately $679,387,000. Bank of New York Mellon Corp purchased a new position in shares of Carrier Global during the second quarter valued at approximately $243,966,000. Bank of America Corp DE purchased a new position in shares of Carrier Global during the second quarter valued at approximately $222,784,000. Finally, FMR LLC purchased a new position in shares of Carrier Global during the second quarter valued at approximately $199,440,000. Institutional investors and hedge funds own 83.39% of the company’s stock.
Shares of CARR traded up $0.16 during mid-day trading on Friday, hitting $32.76. The stock had a trading volume of 3,722,984 shares, compared to its average volume of 8,419,025. The stock’s fifty day moving average price is $30.63. The company has a debt-to-equity ratio of 2.69, a current ratio of 1.68 and a quick ratio of 1.34. Carrier Global has a 52 week low of $11.50 and a 52 week high of $33.47.
Carrier Global (NYSE:CARR) last issued its earnings results on Thursday, July 30th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.06. The firm had revenue of $3.97 billion during the quarter, compared to the consensus estimate of $3.63 billion. Sell-side analysts anticipate that Carrier Global will post 1.47 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 23rd. Investors of record on Friday, October 30th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, October 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.98%.
Several brokerages recently issued reports on CARR. Morgan Stanley lifted their target price on Carrier Global from $26.00 to $29.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 13th. Goldman Sachs Group started coverage on Carrier Global in a report on Sunday, September 20th. They set a “buy” rating and a $35.00 price target on the stock. UBS Group started coverage on Carrier Global in a report on Monday, June 22nd. They set a “buy” rating and a $26.00 price target on the stock. Argus lifted their price target on Carrier Global from $28.00 to $34.00 in a report on Thursday, August 13th. Finally, JPMorgan Chase & Co. lifted their price target on Carrier Global from $28.00 to $33.00 and gave the stock a “neutral” rating in a report on Wednesday, October 7th. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Carrier Global currently has a consensus rating of “Buy” and an average target price of $29.80.
Carrier Global Company Profile
There is no company description available for Carrier Global Corp.
Further Reading: Example of operating income, EBIT and EBITDA
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