Carrier Global Co. (NYSE:CARR) Position Trimmed by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC lowered its position in shares of Carrier Global Co. (NYSE:CARR) by 69.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,644 shares of the company’s stock after selling 3,728 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Carrier Global were worth $112,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Financial Perspectives Inc grew its position in shares of Carrier Global by 16.2% during the fourth quarter. Financial Perspectives Inc now owns 6,261 shares of the company’s stock worth $427,000 after acquiring an additional 873 shares during the last quarter. New York State Common Retirement Fund grew its position in shares of Carrier Global by 5.5% during the fourth quarter. New York State Common Retirement Fund now owns 1,453,508 shares of the company’s stock worth $99,216,000 after acquiring an additional 75,949 shares during the last quarter. Atria Wealth Solutions Inc. grew its position in shares of Carrier Global by 11.5% during the fourth quarter. Atria Wealth Solutions Inc. now owns 33,723 shares of the company’s stock worth $2,304,000 after acquiring an additional 3,477 shares during the last quarter. Empower Advisory Group LLC grew its position in shares of Carrier Global by 6.4% during the fourth quarter. Empower Advisory Group LLC now owns 2,962 shares of the company’s stock worth $202,000 after acquiring an additional 177 shares during the last quarter. Finally, CIBC Asset Management Inc grew its position in shares of Carrier Global by 4.1% during the fourth quarter. CIBC Asset Management Inc now owns 129,154 shares of the company’s stock worth $8,816,000 after acquiring an additional 5,044 shares during the last quarter. Institutional investors own 91.00% of the company’s stock.

Carrier Global Price Performance

Shares of NYSE CARR opened at $66.10 on Friday. Carrier Global Co. has a twelve month low of $53.33 and a twelve month high of $83.32. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $57.39 billion, a price-to-earnings ratio of 10.52, a PEG ratio of 2.01 and a beta of 1.35. The firm has a 50-day moving average of $67.46 and a two-hundred day moving average of $72.33.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates 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 firm earned $0.53 earnings per share. As a group, analysts expect that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Carrier Global Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, December 20th were paid a dividend of $0.225 per share. The ex-dividend date of this dividend was Friday, December 20th. This is a positive change from Carrier Global’s previous quarterly dividend of $0.19. This represents a $0.90 dividend on an annualized basis and a yield of 1.36%. Carrier Global’s dividend payout ratio is currently 14.33%.

Analysts Set New Price Targets

CARR has been the subject of a number of recent analyst reports. UBS Group upgraded shares of Carrier Global from a “neutral” rating to a “buy” rating and set a $94.00 target price for the company in a research report on Wednesday, November 13th. Citigroup decreased their target price on shares of Carrier Global from $94.00 to $90.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Royal Bank of Canada decreased their target price on shares of Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Northcoast Research initiated coverage on shares of Carrier Global in a research report on Friday, November 22nd. They issued a “neutral” rating for the company. Finally, The Goldman Sachs Group initiated coverage on shares of Carrier Global in a research report on Thursday, December 12th. They issued a “buy” rating and a $96.00 target price for the company. Seven analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $82.64.

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.