Quadrant Capital Group LLC Sells 1,039 Shares of Carrier Global Co. (NYSE:CARR)

Quadrant Capital Group LLC trimmed its position in Carrier Global Co. (NYSE:CARR) by 8.8% in the second quarter, HoldingsChannel reports. The firm owned 10,739 shares of the company’s stock after selling 1,039 shares during the quarter. Quadrant Capital Group LLC’s holdings in Carrier Global were worth $534,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. U.S. Capital Wealth Advisors LLC purchased a new position in Carrier Global in the second quarter valued at about $314,000. FORVIS Wealth Advisors LLC lifted its stake in shares of Carrier Global by 42.8% during the 2nd quarter. FORVIS Wealth Advisors LLC now owns 18,653 shares of the company’s stock valued at $927,000 after buying an additional 5,593 shares in the last quarter. Natixis Advisors L.P. lifted its stake in shares of Carrier Global by 32.7% during the 1st quarter. Natixis Advisors L.P. now owns 174,163 shares of the company’s stock valued at $7,968,000 after buying an additional 42,879 shares in the last quarter. Greenleaf Trust lifted its stake in shares of Carrier Global by 6.0% during the 1st quarter. Greenleaf Trust now owns 21,850 shares of the company’s stock valued at $1,000,000 after buying an additional 1,244 shares in the last quarter. Finally, Prospera Financial Services Inc lifted its stake in shares of Carrier Global by 2.0% during the 2nd quarter. Prospera Financial Services Inc now owns 15,694 shares of the company’s stock valued at $780,000 after buying an additional 308 shares in the last quarter. 91.47% of the stock is owned by institutional investors.

Carrier Global Price Performance

CARR stock opened at $53.22 on Friday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.25 and a current ratio of 1.66. Carrier Global Co. has a 52 week low of $40.28 and a 52 week high of $60.04. The firm’s fifty day moving average is $52.30 and its 200 day moving average is $50.84. The firm has a market cap of $44.65 billion, a P/E ratio of 37.74, a P/E/G ratio of 1.82 and a beta of 1.45.

Carrier Global (NYSE:CARR) last released its earnings results on Thursday, October 26th. The company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.78 by $0.11. The company had revenue of $5.73 billion for the quarter, compared to analyst estimates of $5.89 billion. Carrier Global had a net margin of 5.43% and a return on equity of 26.60%. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.70 EPS. Research analysts predict that Carrier Global Co. will post 2.71 earnings per share for the current year.

Carrier Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Friday, October 27th will be given a dividend of $0.185 per share. The ex-dividend date of this dividend is Thursday, October 26th. This represents a $0.74 annualized dividend and a yield of 1.39%. Carrier Global’s payout ratio is currently 52.48%.

Analyst Ratings Changes

CARR has been the topic of a number of recent research reports. Wells Fargo & Company dropped their price target on shares of Carrier Global from $60.00 to $55.00 in a research note on Monday, October 9th. Royal Bank of Canada upped their target price on shares of Carrier Global from $54.00 to $64.00 and gave the stock an “outperform” rating in a report on Friday, July 28th. Morgan Stanley upped their target price on shares of Carrier Global from $57.00 to $59.00 and gave the stock an “equal weight” rating in a report on Friday, September 22nd. Barclays upped their target price on shares of Carrier Global from $54.00 to $63.00 in a report on Friday, July 28th. Finally, Mizuho lowered shares of Carrier Global from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $63.00 to $61.00 in a report on Thursday, September 14th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Carrier Global currently has an average rating of “Hold” and an average target price of $57.63.

Carrier Global Company Profile

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.