Kentucky Retirement Systems Has $3.94 Million Stock Holdings in Carrier Global Co. (NYSE:CARR)

Kentucky Retirement Systems lowered its holdings in shares of Carrier Global Co. (NYSE:CARR) by 1.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 57,694 shares of the company’s stock after selling 794 shares during the period. Kentucky Retirement Systems’ holdings in Carrier Global were worth $3,938,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. RFG Advisory LLC lifted its stake in Carrier Global by 36.2% during the 4th quarter. RFG Advisory LLC now owns 7,170 shares of the company’s stock valued at $489,000 after acquiring an additional 1,904 shares in the last quarter. Princeton Global Asset Management LLC lifted its position in shares of Carrier Global by 1,156.1% during the fourth quarter. Princeton Global Asset Management LLC now owns 20,663 shares of the company’s stock valued at $1,410,000 after purchasing an additional 19,018 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in Carrier Global by 12.3% during the third quarter. Daiwa Securities Group Inc. now owns 100,440 shares of the company’s stock worth $8,084,000 after purchasing an additional 11,032 shares during the last quarter. Cerity Partners LLC grew its position in Carrier Global by 39.0% in the 3rd quarter. Cerity Partners LLC now owns 136,821 shares of the company’s stock worth $11,013,000 after purchasing an additional 38,365 shares in the last quarter. Finally, Miracle Mile Advisors LLC purchased a new stake in Carrier Global in the 4th quarter valued at about $2,213,000. 91.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on CARR. Royal Bank of Canada reduced their target price on Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. UBS Group raised 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. Wells Fargo & Company cut their price target on shares of Carrier Global from $75.00 to $70.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 12th. JPMorgan Chase & Co. decreased their price objective 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. Finally, Barclays lowered their price objective on shares of Carrier Global from $90.00 to $87.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. Seven equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $82.64.

Carrier Global Stock Performance

Shares of CARR stock opened at $66.10 on Friday. Carrier Global Co. has a 12 month low of $53.33 and a 12 month high of $83.32. The stock has a market capitalization of $57.39 billion, a P/E ratio of 10.52, a PEG ratio of 1.97 and a beta of 1.35. 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 firm’s 50 day moving average is $67.46 and its 200 day moving average is $72.27.

Carrier Global (NYSE:CARR) last posted its earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.03. Carrier Global had a return on equity of 18.82% and a net margin of 23.83%. During the same quarter in the prior year, the company earned $0.53 EPS. On average, sell-side analysts anticipate that Carrier Global Co. will post 2.99 earnings per share for the current year.

Carrier Global Increases Dividend

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

Carrier Global Profile

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.