Carrier Global Co. (NYSE:CARR) Shares Sold by GPM Growth Investors Inc.

GPM Growth Investors Inc. lowered its position in Carrier Global Co. (NYSE:CARR) by 0.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 107,559 shares of the company’s stock after selling 443 shares during the period. Carrier Global comprises approximately 3.1% of GPM Growth Investors Inc.’s holdings, making the stock its 13th largest position. GPM Growth Investors Inc.’s holdings in Carrier Global were worth $7,342,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in Carrier Global in the fourth quarter valued at about $108,433,000. Cullen Frost Bankers Inc. lifted its position in Carrier Global by 4.9% in the fourth quarter. Cullen Frost Bankers Inc. now owns 136,541 shares of the company’s stock valued at $9,320,000 after purchasing an additional 6,316 shares during the period. Arizona State Retirement System lifted its position in shares of Carrier Global by 0.3% during the 4th quarter. Arizona State Retirement System now owns 233,204 shares of the company’s stock valued at $15,919,000 after acquiring an additional 696 shares during the period. Aigen Investment Management LP acquired a new stake in shares of Carrier Global during the 4th quarter valued at approximately $2,178,000. Finally, Proficio Capital Partners LLC lifted its position in shares of Carrier Global by 62.6% during the 4th quarter. Proficio Capital Partners LLC now owns 7,198 shares of the company’s stock valued at $491,000 after acquiring an additional 2,770 shares during the period. Institutional investors and hedge funds own 91.00% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CARR shares. The Goldman Sachs Group started coverage on shares of Carrier Global in a research report on Thursday, December 12th. They set a “buy” rating and a $96.00 price target for the company. UBS Group upgraded shares of Carrier Global from a “neutral” rating to a “buy” rating and set a $94.00 price target for the company in a research report on Wednesday, November 13th. Royal Bank of Canada reduced their price target on shares of Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. JPMorgan Chase & Co. upgraded shares of Carrier Global from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $77.00 to $78.00 in a research report on Wednesday. Finally, Wells Fargo & Company reduced their price target 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. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $82.53.

Carrier Global Stock Up 4.5 %

CARR stock opened at $64.86 on Thursday. The stock has a market capitalization of $56.03 billion, a P/E ratio of 10.33, a PEG ratio of 2.01 and a beta of 1.35. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25. Carrier Global Co. has a one year low of $53.33 and a one year high of $83.32. The company has a 50 day moving average price of $66.80 and a two-hundred day moving average price of $72.30.

Carrier Global (NYSE:CARR) last released its earnings results on Tuesday, February 11th. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.51 by $0.03. Carrier Global had a net margin of 23.83% and a return on equity of 18.82%. During the same period in the previous year, the company posted $0.53 earnings per share. As a group, sell-side analysts expect that Carrier Global Co. will post 2.99 EPS for the current year.

Carrier Global Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, December 20th were paid a dividend of $0.225 per share. The ex-dividend date was Friday, December 20th. This is a boost from Carrier Global’s previous quarterly dividend of $0.19. This represents a $0.90 annualized dividend and a dividend yield of 1.39%. Carrier Global’s payout ratio is currently 14.33%.

Carrier Global Company Profile

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.