Carrier Global Co. (NYSE:CARR) Shares Sold by Mission Wealth Management LP

Mission Wealth Management LP decreased its position in shares of Carrier Global Co. (NYSE:CARR) by 7.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,874 shares of the company’s stock after selling 668 shares during the quarter. Mission Wealth Management LP’s holdings in Carrier Global were worth $537,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Fidelis Capital Partners LLC boosted its holdings in shares of Carrier Global by 3.0% during the fourth quarter. Fidelis Capital Partners LLC now owns 8,719 shares of the company’s stock valued at $551,000 after acquiring an additional 252 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Carrier Global during the fourth quarter valued at $98,000. Jones Financial Companies Lllp boosted its holdings in shares of Carrier Global by 80.2% during the fourth quarter. Jones Financial Companies Lllp now owns 101,912 shares of the company’s stock valued at $6,957,000 after acquiring an additional 45,350 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Carrier Global during the fourth quarter valued at $56,000. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Carrier Global by 35.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 5,456 shares of the company’s stock valued at $372,000 after acquiring an additional 1,430 shares during the period. Institutional investors and hedge funds own 91.00% of the company’s stock.

Analyst Upgrades and Downgrades

CARR has been the topic of a number of recent analyst reports. Wells Fargo & Company cut their price objective on shares of Carrier Global from $75.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 12th. 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 note on Wednesday, February 12th. Wolfe Research upgraded shares of Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research note on Monday, February 24th. Northcoast Research initiated coverage on shares of Carrier Global in a research note on Friday, November 22nd. They set a “neutral” rating on the stock. Finally, Mizuho upgraded shares of Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price objective on the stock in a research note 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. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $82.53.

Carrier Global Price Performance

Shares of Carrier Global stock opened at $64.86 on Thursday. The company’s 50-day moving average price is $66.80 and its two-hundred day moving average price is $72.30. The stock has a market cap of $56.03 billion, a PE ratio of 10.33, a price-to-earnings-growth 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. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77.

Carrier Global (NYSE:CARR) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates 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 posted $0.53 EPS. As a group, sell-side analysts anticipate that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Carrier Global Increases Dividend

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

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.