Carrier Global Co. (NYSE:CARR) Holdings Decreased by Voya Investment Management LLC

Voya Investment Management LLC cut its position in shares of Carrier Global Co. (NYSE:CARR) by 49.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,260,505 shares of the company’s stock after selling 1,250,349 shares during the period. Voya Investment Management LLC’s holdings in Carrier Global were worth $86,042,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. RFG Advisory LLC lifted its position in shares of Carrier Global by 36.2% in the 4th quarter. RFG Advisory LLC now owns 7,170 shares of the company’s stock worth $489,000 after buying an additional 1,904 shares during the last quarter. Princeton Global Asset Management LLC grew its holdings 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 during the last quarter. Miracle Mile Advisors LLC acquired a new stake in shares of Carrier Global during the 4th quarter worth approximately $2,213,000. Waldron Private Wealth LLC lifted its holdings in shares of Carrier Global by 90.5% in the 4th quarter. Waldron Private Wealth LLC now owns 16,532 shares of the company’s stock worth $1,128,000 after purchasing an additional 7,854 shares during the last quarter. Finally, Gateway Wealth Partners LLC boosted its position in Carrier Global by 221.8% during the 4th quarter. Gateway Wealth Partners LLC now owns 10,327 shares of the company’s stock valued at $705,000 after purchasing an additional 7,118 shares during the period. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Stock Up 2.9 %

NYSE CARR opened at $60.29 on Friday. Carrier Global Co. has a 12 month low of $54.22 and a 12 month high of $83.32. The company has a market capitalization of $52.09 billion, a P/E ratio of 9.60, a PEG ratio of 2.01 and a beta of 1.33. The company’s 50 day simple moving average is $63.34 and its 200 day simple moving average is $69.10. 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 (NYSE:CARR) last posted its quarterly earnings results 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 in the previous year, the company earned $0.53 EPS. Equities research analysts expect that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Friday, May 2nd will be paid a $0.225 dividend. The ex-dividend date is Friday, May 2nd. This represents a $0.90 dividend on an annualized basis and a yield of 1.49%. Carrier Global’s dividend payout ratio is currently 14.33%.

Analyst Upgrades and Downgrades

CARR has been the topic of several analyst reports. Citigroup dropped their target price on Carrier Global from $89.00 to $72.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Royal Bank of Canada cut 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 report on Wednesday, February 12th. Wells Fargo & Company decreased their target price on shares of 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. Mizuho set a $72.00 price target on Carrier Global in a report on Tuesday. Finally, Wolfe Research raised Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a report on Monday, February 24th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Carrier Global presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.73.

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.