First Horizon Advisors Inc. Sells 343 Shares of Carrier Global Co. (NYSE:CARR)

First Horizon Advisors Inc. trimmed its position in Carrier Global Co. (NYSE:CARR) by 4.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 7,839 shares of the company’s stock after selling 343 shares during the period. First Horizon Advisors Inc.’s holdings in Carrier Global were worth $535,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Sigma Planning Corp lifted its stake in shares of Carrier Global by 1.5% in the 4th quarter. Sigma Planning Corp now owns 12,923 shares of the company’s stock valued at $882,000 after acquiring an additional 194 shares during the last quarter. Cassaday & Co Wealth Management LLC lifted its stake in shares of Carrier Global by 4.5% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 4,341 shares of the company’s stock valued at $296,000 after acquiring an additional 188 shares during the last quarter. Compass Capital Corp MA ADV bought a new position in shares of Carrier Global in the 4th quarter valued at $716,000. Centricity Wealth Management LLC bought a new position in shares of Carrier Global in the 4th quarter valued at $49,000. Finally, ING Groep NV lifted its stake in shares of Carrier Global by 620.9% in the 4th quarter. ING Groep NV now owns 106,573 shares of the company’s stock valued at $7,275,000 after acquiring an additional 91,790 shares during the last quarter. 91.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CARR has been the subject of a number of research reports. JPMorgan Chase & Co. dropped their price target on Carrier Global from $83.00 to $77.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Barclays decreased their price objective on Carrier Global from $90.00 to $87.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. The Goldman Sachs Group initiated coverage on Carrier Global in a report on Thursday, December 12th. They issued a “buy” rating and a $96.00 price objective for the company. Stephens decreased their price objective on Carrier Global from $85.00 to $80.00 and set an “equal weight” rating for the company in a report on Monday, October 28th. Finally, Royal Bank of Canada decreased their price objective on Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Six research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $82.47.

Carrier Global Stock Performance

Shares of Carrier Global stock opened at $66.46 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77. The business has a 50-day moving average price of $67.36 and a two-hundred day moving average price of $72.41. Carrier Global Co. has a 1-year low of $53.33 and a 1-year high of $83.32. The company has a market cap of $57.71 billion, a P/E ratio of 10.58, a PEG ratio of 2.01 and a beta of 1.35.

Carrier Global (NYSE:CARR) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 quarter in the previous year, the firm posted $0.53 EPS. As a group, analysts anticipate 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 given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date was Friday, December 20th. This is a boost from Carrier Global’s previous quarterly dividend of $0.19. Carrier Global’s dividend payout ratio is 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.