Advisors Asset Management Inc. Lowers Holdings in Carrier Global Co. (NYSE:CARR)

Advisors Asset Management Inc. trimmed its holdings in Carrier Global Co. (NYSE:CARRGet Rating) by 8.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,380 shares of the company’s stock after selling 730 shares during the period. Advisors Asset Management Inc.’s holdings in Carrier Global were worth $299,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. San Luis Wealth Advisors LLC purchased a new stake in shares of Carrier Global in the first quarter worth about $28,000. Covestor Ltd lifted its position in shares of Carrier Global by 121.2% in the first quarter. Covestor Ltd now owns 553 shares of the company’s stock worth $25,000 after buying an additional 303 shares in the last quarter. Denali Advisors LLC purchased a new stake in shares of Carrier Global in the second quarter worth about $29,000. MCF Advisors LLC purchased a new stake in shares of Carrier Global in the first quarter worth about $42,000. Finally, Core Alternative Capital lifted its position in shares of Carrier Global by 119.6% in the second quarter. Core Alternative Capital now owns 953 shares of the company’s stock worth $34,000 after buying an additional 519 shares in the last quarter. 85.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CARR shares. Citigroup decreased their target price on Carrier Global from $40.00 to $39.00 in a research report on Monday, October 10th. Cowen reduced their price objective on Carrier Global from $58.00 to $49.00 and set an “outperform” rating on the stock in a research note on Monday, October 31st. Credit Suisse Group boosted their price objective on Carrier Global to $42.00 in a research note on Tuesday, November 1st. Cowen reduced their price objective on Carrier Global from $58.00 to $49.00 and set an “outperform” rating on the stock in a research note on Monday, October 31st. Finally, Wells Fargo & Company boosted their price objective on Carrier Global from $38.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Monday, August 1st. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Carrier Global currently has an average rating of “Hold” and an average price target of $45.50.

Carrier Global Trading Up 2.0 %

CARR opened at $43.92 on Monday. The stock has a market cap of $36.73 billion, a price-to-earnings ratio of 10.61, a P/E/G ratio of 2.34 and a beta of 1.32. The stock’s 50 day moving average price is $38.41 and its 200-day moving average price is $38.70. Carrier Global Co. has a one year low of $33.10 and a one year high of $57.97. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.18 and a current ratio of 1.62.

Carrier Global (NYSE:CARRGet Rating) last released its earnings results on Thursday, October 27th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.05. The firm had revenue of $5.45 billion for the quarter, compared to analysts’ expectations of $5.44 billion. Carrier Global had a return on equity of 28.45% and a net margin of 17.55%. On average, equities analysts forecast that Carrier Global Co. will post 2.34 EPS for the current year.

Carrier Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 21st. Investors of record on Friday, October 28th will be paid a $0.15 dividend. The ex-dividend date is Thursday, October 27th. This represents a $0.60 annualized dividend and a yield of 1.37%. Carrier Global’s dividend payout ratio (DPR) is currently 14.49%.

About Carrier Global

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Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies worldwide. It operates through three segments: HVAC, Refrigeration, and Fire & Security. The HVAC segment provides products, controls, services, and solutions to meet the heating, cooling, and ventilation needs of residential and commercial customers.

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Institutional Ownership by Quarter for Carrier Global (NYSE:CARR)

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