Rothschild Investment LLC Sells 587 Shares of Carrier Global Co. (NYSE:CARR)

Rothschild Investment LLC reduced its stake in shares of Carrier Global Co. (NYSE:CARR) by 8.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,314 shares of the company’s stock after selling 587 shares during the quarter. Rothschild Investment LLC’s holdings in Carrier Global were worth $431,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of CARR. FSA Wealth Management LLC bought a new position in Carrier Global during the 3rd quarter worth approximately $28,000. Coastline Trust Co bought a new position in shares of Carrier Global in the third quarter worth approximately $37,000. Capital Performance Advisors LLP bought a new position in shares of Carrier Global in the third quarter worth approximately $44,000. Ashton Thomas Securities LLC bought a new position in shares of Carrier Global in the third quarter worth approximately $50,000. Finally, GHP Investment Advisors Inc. grew its holdings in Carrier Global by 67.2% in the 3rd quarter. GHP Investment Advisors Inc. now owns 687 shares of the company’s stock worth $55,000 after acquiring an additional 276 shares during the last quarter. 91.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CARR shares. Citigroup cut their price target on shares of Carrier Global from $94.00 to $90.00 and set a “buy” rating on the stock in a report on Monday, January 13th. The Goldman Sachs Group started coverage on Carrier Global in a research note on Thursday, December 12th. They issued a “buy” rating and a $96.00 target price on the stock. Mizuho upgraded Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price objective on the stock in a research report on Friday, February 14th. Royal Bank of Canada cut their price objective on Carrier Global from $86.00 to $76.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Finally, Wells Fargo & Company cut their price target on shares of Carrier Global from $75.00 to $70.00 and set an “equal weight” rating on the stock 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. Based on data from MarketBeat, Carrier Global currently has an average rating of “Moderate Buy” and an average target price of $82.47.

Carrier Global Trading Up 0.7 %

NYSE:CARR opened at $67.03 on Wednesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96. The company’s 50-day simple moving average is $67.30 and its 200 day simple moving average is $72.43. Carrier Global Co. has a one year low of $53.33 and a one year high of $83.32. The firm has a market capitalization of $58.21 billion, a P/E ratio of 10.67, a PEG ratio of 2.01 and a beta of 1.35.

Carrier Global (NYSE:CARR) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 EPS 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, analysts forecast that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Carrier Global Increases Dividend

The company 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. This is a boost from Carrier Global’s previous quarterly dividend of $0.19. 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 1.34%. Carrier Global’s payout ratio is presently 14.33%.

Carrier Global 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.