Keynote Financial Services LLC Sells 800 Shares of Carrier Global Co. (NYSE:CARR)

Keynote Financial Services LLC lessened its position in shares of Carrier Global Co. (NYSE:CARR) by 10.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,765 shares of the company’s stock after selling 800 shares during the period. Keynote Financial Services LLC’s holdings in Carrier Global were worth $462,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CARR. State Street Corp grew its stake in Carrier Global by 1.4% in the 3rd quarter. State Street Corp now owns 33,665,505 shares of the company’s stock valued at $2,709,736,000 after buying an additional 469,108 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Carrier Global by 1.7% in the third quarter. Geode Capital Management LLC now owns 16,937,689 shares of the company’s stock worth $1,357,961,000 after acquiring an additional 289,439 shares during the period. Fisher Asset Management LLC grew its position 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 purchasing an additional 46,222 shares in the last quarter. FMR LLC raised its stake in shares of Carrier Global by 36.2% during the 3rd quarter. FMR LLC now owns 8,729,073 shares of the company’s stock valued at $702,603,000 after purchasing an additional 2,320,909 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Carrier Global by 1.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,993,169 shares of the company’s stock worth $482,390,000 after purchasing an additional 110,988 shares in the last quarter. Institutional investors own 91.00% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on CARR shares. The Goldman Sachs Group began coverage on Carrier Global in a report on Thursday, December 12th. They set a “buy” rating and a $96.00 target price for the company. Citigroup decreased their target price on shares of Carrier Global from $94.00 to $90.00 and set a “buy” rating on the stock in a report on Monday, January 13th. JPMorgan Chase & Co. cut their price target on shares of Carrier Global from $83.00 to $77.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Wolfe Research raised shares of Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a report on Monday, February 24th. Finally, Mizuho raised Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price objective for the company in a research note on Friday, February 14th. Six analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $82.47.

Carrier Global Trading Up 1.1 %

Shares of CARR opened at $64.81 on Friday. Carrier Global Co. has a fifty-two week low of $53.33 and a fifty-two week high of $83.32. The firm has a market cap of $56.00 billion, a price-to-earnings ratio of 10.32, a PEG ratio of 2.01 and a beta of 1.35. The firm has a 50 day moving average price of $67.15 and a 200-day moving average price of $72.38. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25.

Carrier Global (NYSE:CARR) last posted 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 net margin of 23.83% and a return on equity of 18.82%. During the same quarter last year, the business earned $0.53 earnings per share. As a group, equities research analysts forecast that Carrier Global Co. will post 2.99 earnings per share for the current year.

Carrier Global Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, December 20th were paid a $0.225 dividend. This is a boost from Carrier Global’s previous quarterly dividend of $0.19. This represents a $0.90 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend was Friday, December 20th. Carrier Global’s payout ratio is 14.33%.

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.