Aull & Monroe Investment Management Corp Has $607,000 Stake in Carrier Global Co. (NYSE:CARR)

Aull & Monroe Investment Management Corp decreased its stake in shares of Carrier Global Co. (NYSE:CARR) by 10.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 8,893 shares of the company’s stock after selling 1,025 shares during the period. Aull & Monroe Investment Management Corp’s holdings in Carrier Global were worth $607,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. FMR LLC grew its holdings in Carrier Global by 36.2% in the 3rd quarter. FMR LLC now owns 8,729,073 shares of the company’s stock valued at $702,603,000 after buying an additional 2,320,909 shares during the last quarter. Zurich Insurance Group Ltd FI acquired a new stake in shares of Carrier Global during the 3rd quarter worth approximately $130,479,000. Raymond James Financial Inc. acquired a new stake in shares of Carrier Global during the 4th quarter worth approximately $108,433,000. Mizuho Securities USA LLC grew its holdings in shares of Carrier Global by 1,428.4% during the 3rd quarter. Mizuho Securities USA LLC now owns 987,500 shares of the company’s stock worth $79,484,000 after purchasing an additional 922,892 shares in the last quarter. Finally, Proficio Capital Partners LLC lifted its position in shares of Carrier Global by 10,995.5% during the 4th quarter. Proficio Capital Partners LLC now owns 491,308 shares of the company’s stock worth $33,537,000 after buying an additional 486,880 shares during the period. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Stock Performance

CARR opened at $64.86 on Thursday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25. The business’s 50-day simple moving average is $66.80 and its 200 day simple moving average is $72.30. The firm has a market capitalization of $56.03 billion, a PE ratio of 10.33, a PEG ratio of 2.01 and a beta of 1.35. Carrier Global Co. has a 52-week low of $53.33 and a 52-week high of $83.32.

Carrier Global (NYSE:CARR) last released its quarterly earnings data 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 return on equity of 18.82% and a net margin of 23.83%. During the same period last year, the business earned $0.53 EPS. As a group, sell-side 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 announced a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, December 20th were given a $0.225 dividend. This is an increase from Carrier Global’s previous quarterly dividend of $0.19. The ex-dividend date was Friday, December 20th. This represents a $0.90 annualized dividend and a dividend yield of 1.39%. Carrier Global’s dividend payout ratio is presently 14.33%.

Analysts Set New Price Targets

Several research firms recently commented on CARR. Barclays cut their target price on Carrier Global from $90.00 to $87.00 and set an “overweight” rating for the company in a research report on Wednesday, February 12th. Citigroup cut their price objective on Carrier Global from $94.00 to $90.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Wells Fargo & Company cut their price objective on Carrier Global from $75.00 to $70.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. UBS Group upgraded Carrier Global from a “neutral” rating to a “buy” rating and set a $94.00 price objective for the company in a research report on Wednesday, November 13th. Finally, Mizuho upgraded Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 target price for the company in a research report on Friday, February 14th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $82.53.

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.