Sterling Capital Management LLC lifted its stake in shares of Carrier Global Corporation (NYSE:CARR – Free Report) by 266.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,835 shares of the company’s stock after purchasing an additional 10,791 shares during the period. Sterling Capital Management LLC’s holdings in Carrier Global were worth $814,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Johnson Financial Group Inc. bought a new position in Carrier Global in the 2nd quarter worth approximately $25,000. Meeder Asset Management Inc. acquired a new position in Carrier Global during the 2nd quarter worth $26,000. Financial Management Professionals Inc. lifted its holdings in Carrier Global by 142.4% during the 2nd quarter. Financial Management Professionals Inc. now owns 383 shares of the company’s stock worth $28,000 after buying an additional 225 shares in the last quarter. Downshift Financial LLC lifted its holdings in Carrier Global by 69.5% during the 3rd quarter. Downshift Financial LLC now owns 517 shares of the company’s stock worth $28,000 after buying an additional 212 shares in the last quarter. Finally, Signature Equity Partners LLC boosted its position in Carrier Global by 449.2% in the 1st quarter. Signature Equity Partners LLC now owns 648 shares of the company’s stock valued at $36,000 after buying an additional 530 shares during the last quarter. 91.00% of the stock is owned by institutional investors.
Carrier Global Stock Performance
Shares of NYSE CARR opened at $57.87 on Wednesday. The company’s 50 day simple moving average is $56.72 and its 200 day simple moving average is $61.71. Carrier Global Corporation has a fifty-two week low of $50.24 and a fifty-two week high of $76.76.
Carrier Global (NYSE:CARR – Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. The business had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.02 billion. During the same period in the previous year, the business posted $0.92 earnings per share. Carrier Global’s revenue was up 3.9% compared to the same quarter last year. On average, research analysts anticipate that Carrier Global Corporation will post 2.87 EPS for the current year.
Carrier Global Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 18th. Shareholders of record on Thursday, October 29th will be given a dividend of $0.24 per share. The ex-dividend date is Thursday, October 29th. This represents a $0.96 annualized dividend and a dividend yield of 1.7%.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on CARR shares. Sanford C. Bernstein lowered their target price on Carrier Global from $78.00 to $64.00 and set a “market perform” rating for the company in a research note on Wednesday, October 7th. Weiss Ratings restated a “hold (c)” rating on shares of Carrier Global in a research report on Friday, October 16th. JPMorgan Chase & Co. initiated coverage on Carrier Global in a research note on Friday, October 9th. They set a “neutral” rating and a $61.00 price target on the stock. The Goldman Sachs Group cut Carrier Global from a “buy” rating to a “neutral” rating and decreased their price target for the company from $74.00 to $61.00 in a report on Wednesday, October 14th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Carrier Global from $71.00 to $64.00 and set a “hold” rating for the company in a research report on Wednesday, September 30th. Eleven equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.43.
Check Out Our Latest Analysis on Carrier Global
Carrier Global Profile
Carrier Global Corporation (NYSE:CARR) is a global provider of intelligent climate and energy solutions. The company develops and manufactures heating, ventilation and air-conditioning (HVAC) systems, refrigeration equipment, building automation technologies and related controls and services for residential, commercial and industrial customers.
Its offerings include air conditioners, heat pumps, furnaces, boilers, chillers, ventilation systems, refrigeration systems and building management solutions.
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