Courier Capital LLC cut its stake in Carrier Global Co. (NYSE:CARR) by 46.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,247 shares of the company’s stock after selling 23,510 shares during the period. Courier Capital LLC’s holdings in Carrier Global were worth $1,061,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Berman Capital Advisors LLC grew its stake in shares of Carrier Global by 28.6% in the third quarter. Berman Capital Advisors LLC now owns 1,354 shares of the company’s stock worth $41,000 after acquiring an additional 301 shares during the last quarter. Ellevest Inc. lifted its stake in Carrier Global by 31.7% in the 3rd quarter. Ellevest Inc. now owns 1,514 shares of the company’s stock valued at $46,000 after acquiring an additional 364 shares in the last quarter. Baystate Wealth Management LLC raised its stake in shares of Carrier Global by 23.5% during the 3rd quarter. Baystate Wealth Management LLC now owns 1,931 shares of the company’s stock worth $59,000 after purchasing an additional 368 shares in the last quarter. Barnett & Company Inc. grew its holdings in Carrier Global by 66.7% in the 3rd quarter. Barnett & Company Inc. now owns 1,000 shares of the company’s stock valued at $31,000 after buying an additional 400 shares in the last quarter. Finally, Lipe & Dalton grew its holdings in shares of Carrier Global by 0.9% during the 3rd quarter. Lipe & Dalton now owns 49,078 shares of the company’s stock worth $1,499,000 after purchasing an additional 425 shares in the last quarter. 83.39% of the stock is currently owned by hedge funds and other institutional investors.
CARR has been the topic of a number of recent analyst reports. 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. Stephens initiated coverage on Carrier Global in a report on Thursday, October 15th. They set an “overweight” rating and a $45.00 target price on the stock. The Goldman Sachs Group initiated 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. Argus raised their price objective on Carrier Global from $28.00 to $34.00 in a research report on Thursday, August 13th. Finally, Credit Suisse Group boosted their price objective on shares of Carrier Global from $31.00 to $36.00 and gave the stock a “neutral” rating in a research note on Friday, October 30th. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $31.47.
Shares of CARR opened at $40.73 on Tuesday. Carrier Global Co. has a twelve month low of $11.50 and a twelve month high of $41.30. The firm’s fifty day simple moving average is $34.08 and its 200-day simple moving average is $27.08. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.50 and a current ratio of 1.80.
Carrier Global (NYSE:CARR) last released its quarterly earnings data on Thursday, October 29th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.19. The company had revenue of $5 billion during the quarter, compared to the consensus estimate of $4.31 billion. Carrier Global had a net margin of 8.86% and a return on equity of 24.00%. Carrier Global’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.74 earnings per share. Sell-side analysts anticipate that Carrier Global Co. will post 1.65 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 23rd. Stockholders of record on Friday, October 30th will be paid a $0.08 dividend. The ex-dividend date is Thursday, October 29th. This represents a $0.32 annualized dividend and a dividend yield of 0.79%.
About Carrier Global
Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies worldwide. It operates through three segments: HVAC, Refrigeration, and Fire & Security. The HVAC segment provides products, controls, services, and solutions to meet the heating and cooling needs of residential and commercial customers.
Further Reading: Gap Down Stocks
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