Montecito Bank & Trust trimmed its stake in shares of Carrier Global Co. (NYSE:CARR – Free Report) by 7.2% during the 4th quarter, Holdings Channel reports. The fund owned 7,458 shares of the company’s stock after selling 576 shares during the quarter. Montecito Bank & Trust’s holdings in Carrier Global were worth $509,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. FSM Wealth Advisors LLC grew its position in shares of Carrier Global by 2.2% during the 3rd quarter. FSM Wealth Advisors LLC now owns 6,373 shares of the company’s stock valued at $513,000 after acquiring an additional 136 shares during the period. Meridian Wealth Management LLC increased its position in shares of Carrier Global by 2.3% in the third quarter. Meridian Wealth Management LLC now owns 6,030 shares of the company’s stock valued at $485,000 after buying an additional 137 shares in the last quarter. UMB Bank n.a. increased its holdings in Carrier Global by 1.1% in the 4th quarter. UMB Bank n.a. now owns 13,293 shares of the company’s stock worth $907,000 after acquiring an additional 143 shares in the last quarter. Essex Savings Bank increased its stake in shares of Carrier Global by 2.2% during the third quarter. Essex Savings Bank now owns 6,608 shares of the company’s stock worth $532,000 after purchasing an additional 144 shares in the last quarter. Finally, Boston Financial Mangement LLC raised its holdings in shares of Carrier Global by 1.7% during the third quarter. Boston Financial Mangement LLC now owns 9,208 shares of the company’s stock valued at $741,000 after acquiring an additional 150 shares during the last quarter. 91.00% of the stock is currently owned by hedge funds and other institutional investors.
Carrier Global Price Performance
CARR stock opened at $70.05 on Friday. Carrier Global Co. has a 52-week low of $53.13 and a 52-week high of $83.32. The business has a fifty day moving average of $71.50 and a two-hundred day moving average of $72.37. The stock has a market cap of $62.85 billion, a price-to-earnings ratio of 17.74, a price-to-earnings-growth ratio of 2.26 and a beta of 1.36. The company has a quick ratio of 0.82, a current ratio of 1.08 and a debt-to-equity ratio of 0.69.
Carrier Global Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, December 20th will be paid a $0.225 dividend. This is a positive change from Carrier Global’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.90 annualized dividend and a dividend yield of 1.28%. Carrier Global’s dividend payout ratio (DPR) is presently 22.78%.
Analyst Ratings Changes
A number of brokerages have recently issued reports on CARR. Oppenheimer lifted their price target on Carrier Global from $74.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. reduced their target price on shares of Carrier Global from $83.00 to $77.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. The Goldman Sachs Group started coverage on shares of Carrier Global in a research note on Thursday, December 12th. They issued a “buy” rating and a $96.00 price target on the stock. UBS Group raised shares of Carrier Global from a “neutral” rating to a “buy” rating and set a $94.00 price objective for the company in a research note on Wednesday, November 13th. Finally, Stephens decreased their target price on shares of Carrier Global from $85.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Monday, October 28th. Eight analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Carrier Global has a consensus rating of “Moderate Buy” and an average target price of $83.93.
View Our Latest Research Report on Carrier Global
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.
Featured Stories
- Five stocks we like better than Carrier Global
- How to Use the MarketBeat Excel Dividend Calculator
- Why Energy Transfer Stock Could Soar to New Highs in 2025
- The How and Why of Investing in Gold Stocks
- 3 Buy-and-Hold Stocks for Long-Term Growth
- What Are the FAANG Stocks and Are They Good Investments?
- Despite Short-Term Risks Freeport McMoran Worth a Look
Want to see what other hedge funds are holding CARR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carrier Global Co. (NYSE:CARR – Free Report).
Receive News & Ratings for Carrier Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carrier Global and related companies with MarketBeat.com's FREE daily email newsletter.