Keynote Financial Services LLC Trims Holdings in Carrier Global Co. (NYSE:CARR)

Keynote Financial Services LLC lowered its holdings in Carrier Global Co. (NYSE:CARR) by 10.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 6,765 shares of the company’s stock after selling 800 shares during the quarter. Keynote Financial Services LLC’s holdings in Carrier Global were worth $462,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in CARR. US Bancorp DE increased its position in Carrier Global by 1.4% during the 3rd quarter. US Bancorp DE now owns 330,255 shares of the company’s stock valued at $26,582,000 after purchasing an additional 4,456 shares during the period. Focus Financial Network Inc. increased its position in shares of Carrier Global by 220.5% during the third quarter. Focus Financial Network Inc. now owns 9,593 shares of the company’s stock valued at $772,000 after buying an additional 6,600 shares during the period. Hills Bank & Trust Co bought a new position in Carrier Global in the third quarter worth about $108,000. Farther Finance Advisors LLC lifted its holdings in Carrier Global by 4.3% in the third quarter. Farther Finance Advisors LLC now owns 7,198 shares of the company’s stock worth $579,000 after buying an additional 294 shares during the period. Finally, Phillips Wealth Planners LLC bought a new stake in Carrier Global during the 3rd quarter valued at approximately $277,000. 91.00% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CARR. Wells Fargo & Company lowered their target price on Carrier Global from $75.00 to $70.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 12th. JPMorgan Chase & Co. lowered their price objective on Carrier Global from $83.00 to $77.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. UBS Group upgraded shares of Carrier Global from a “neutral” rating to a “buy” rating and set a $94.00 target price on the stock in a report on Wednesday, November 13th. Wolfe Research upgraded shares of Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price target for the company in a research note on Monday, February 24th. Finally, Royal Bank of Canada dropped their price objective on shares of Carrier Global from $86.00 to $76.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Six equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Carrier Global has a consensus rating of “Moderate Buy” and an average target price of $82.47.

Carrier Global Stock Up 1.1 %

CARR stock opened at $64.81 on Friday. The stock has a market capitalization of $56.00 billion, a P/E ratio of 10.32, a P/E/G ratio of 2.01 and a beta of 1.35. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96. Carrier Global Co. has a 1-year low of $53.33 and a 1-year high of $83.32. The business has a fifty day moving average price of $67.15 and a 200-day moving average price of $72.38.

Carrier Global (NYSE:CARR) last issued its earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates 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 period last year, the business posted $0.53 earnings per share. Equities analysts forecast that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Carrier Global Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, December 20th were issued a $0.225 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.90 annualized dividend and a yield of 1.39%. This is a boost from Carrier Global’s previous quarterly dividend of $0.19. Carrier Global’s dividend payout ratio (DPR) is currently 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.