HighTower Advisors LLC cut its stake in shares of Carrier Global Corporation (NYSE:CARR – Free Report) by 17.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 852,609 shares of the company’s stock after selling 178,914 shares during the period. HighTower Advisors LLC’s holdings in Carrier Global were worth $45,052,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in the stock. Advisor OS LLC increased its position in shares of Carrier Global by 0.8% during the fourth quarter. Advisor OS LLC now owns 21,477 shares of the company’s stock valued at $1,135,000 after acquiring an additional 178 shares during the last quarter. Ironwood Investment Counsel LLC increased its position in shares of Carrier Global by 4.6% during the third quarter. Ironwood Investment Counsel LLC now owns 4,090 shares of the company’s stock valued at $244,000 after acquiring an additional 181 shares during the last quarter. Rossmore Private Capital increased its position in shares of Carrier Global by 1.5% during the fourth quarter. Rossmore Private Capital now owns 12,944 shares of the company’s stock valued at $684,000 after acquiring an additional 187 shares during the last quarter. Code Waechter LLC boosted its stake in shares of Carrier Global by 5.0% in the fourth quarter. Code Waechter LLC now owns 3,983 shares of the company’s stock valued at $210,000 after purchasing an additional 189 shares during the period. Finally, JFS Wealth Advisors LLC boosted its stake in shares of Carrier Global by 13.7% in the fourth quarter. JFS Wealth Advisors LLC now owns 1,586 shares of the company’s stock valued at $84,000 after purchasing an additional 191 shares during the period. 91.00% of the stock is currently owned by institutional investors and hedge funds.
Carrier Global Trading Down 2.1%
NYSE CARR opened at $62.23 on Friday. Carrier Global Corporation has a one year low of $50.24 and a one year high of $81.09. The firm has a 50 day simple moving average of $60.64 and a 200-day simple moving average of $58.37. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.75 and a current ratio of 1.05. The firm has a market cap of $51.68 billion, a price-to-earnings ratio of 40.94, a PEG ratio of 2.53 and a beta of 1.38.
Carrier Global Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Monday, May 4th will be paid a $0.24 dividend. The ex-dividend date is Monday, May 4th. This represents a $0.96 dividend on an annualized basis and a yield of 1.5%. Carrier Global’s payout ratio is currently 63.16%.
Analyst Ratings Changes
CARR has been the subject of several recent research reports. CICC Research lowered their price objective on shares of Carrier Global from $76.85 to $69.78 and set an “outperform” rating for the company in a research note on Wednesday, February 11th. Weiss Ratings raised shares of Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, April 22nd. BNP Paribas Exane initiated coverage on shares of Carrier Global in a research note on Tuesday, April 14th. They issued a “neutral” rating and a $62.00 price objective for the company. Rothschild & Co Redburn raised their price objective on shares of Carrier Global from $61.00 to $73.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Finally, The Goldman Sachs Group raised their price objective on shares of Carrier Global from $74.00 to $80.00 in a research note on Friday, May 1st. Twelve analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.78.
Get Our Latest Research Report on CARR
About Carrier Global
Carrier Global Corporation is a leading global provider of heating, ventilation and air conditioning (HVAC), refrigeration, fire and security, and building automation solutions. The company designs, manufactures and sells a broad portfolio of products that includes air conditioners, furnaces, heat pumps, chillers, rooftop units, commercial refrigeration systems, fire and smoke detection and suppression systems, security sensors and access controls, and a range of building controls and analytics software.
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