Carrier Global Co. (NYSE:CARR) Stock Holdings Lessened by Boyd Watterson Asset Management LLC OH

Boyd Watterson Asset Management LLC OH cut its stake in shares of Carrier Global Co. (NYSE:CARR) by 5.0% during the third quarter, HoldingsChannel.com reports. The firm owned 9,126 shares of the company’s stock after selling 477 shares during the period. Boyd Watterson Asset Management LLC OH’s holdings in Carrier Global were worth $735,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CARR. Olistico Wealth LLC purchased a new stake in shares of Carrier Global during the 2nd quarter worth about $25,000. Meeder Asset Management Inc. increased its holdings in Carrier Global by 675.0% in the second quarter. Meeder Asset Management Inc. now owns 465 shares of the company’s stock worth $29,000 after buying an additional 405 shares during the last quarter. EdgeRock Capital LLC bought a new position in Carrier Global during the second quarter valued at approximately $32,000. Register Financial Advisors LLC acquired a new stake in Carrier Global in the first quarter valued at approximately $34,000. Finally, Hantz Financial Services Inc. bought a new stake in Carrier Global in the second quarter worth approximately $35,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on CARR shares. Morgan Stanley started coverage on shares of Carrier Global in a report on Friday, September 6th. They set an “equal weight” rating and a $75.00 price target on the stock. Robert W. Baird cut their target price on Carrier Global from $75.00 to $74.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. Wolfe Research upgraded Carrier Global from an “underperform” rating to a “peer perform” rating in a research note on Friday, September 6th. Wells Fargo & Company increased their price objective on Carrier Global from $73.00 to $82.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. Finally, Baird R W upgraded Carrier Global from a “hold” rating to a “strong-buy” rating in a report on Monday, July 15th. Seven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $80.67.

Insider Transactions at Carrier Global

In other Carrier Global news, VP Ajay Agrawal sold 62,382 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $64.55, for a total transaction of $4,026,758.10. Following the completion of the transaction, the vice president now owns 103,066 shares in the company, valued at $6,652,910.30. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 6.95% of the stock is owned by insiders.

Carrier Global Price Performance

NYSE:CARR opened at $75.36 on Thursday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.08 and a quick ratio of 0.80. Carrier Global Co. has a one year low of $45.68 and a one year high of $83.32. The company has a fifty day moving average price of $76.24 and a 200 day moving average price of $67.73. The stock has a market cap of $67.90 billion, a P/E ratio of 55.91, a PEG ratio of 2.94 and a beta of 1.32.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Thursday, July 25th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.02. The company had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.05 billion. Carrier Global had a return on equity of 23.68% and a net margin of 14.27%. Carrier Global’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.79 EPS. Analysts anticipate that Carrier Global Co. will post 2.85 earnings per share for the current year.

Carrier Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Friday, October 25th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Friday, October 25th. Carrier Global’s dividend payout ratio is 53.15%.

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.