Concurrent Investment Advisors LLC Sells 4,046 Shares of Carrier Global Co. (NYSE:CARR)

Concurrent Investment Advisors LLC decreased its position in Carrier Global Co. (NYSE:CARR) by 12.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 27,439 shares of the company’s stock after selling 4,046 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Carrier Global were worth $1,873,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. RFG Advisory LLC grew its stake in shares of Carrier Global by 36.2% in the 4th quarter. RFG Advisory LLC now owns 7,170 shares of the company’s stock valued at $489,000 after buying an additional 1,904 shares in the last quarter. Princeton Global Asset Management LLC grew its stake in shares of Carrier Global by 1,156.1% in the 4th quarter. Princeton Global Asset Management LLC now owns 20,663 shares of the company’s stock valued at $1,410,000 after buying an additional 19,018 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in Carrier Global by 12.3% during the third quarter. Daiwa Securities Group Inc. now owns 100,440 shares of the company’s stock worth $8,084,000 after purchasing an additional 11,032 shares during the period. Cerity Partners LLC boosted its position in Carrier Global by 39.0% during the third quarter. Cerity Partners LLC now owns 136,821 shares of the company’s stock worth $11,013,000 after purchasing an additional 38,365 shares during the period. Finally, Miracle Mile Advisors LLC bought a new stake in Carrier Global during the fourth quarter worth approximately $2,213,000. Institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Performance

Shares of NYSE CARR opened at $66.10 on Friday. The business has a fifty day simple moving average of $67.46 and a 200 day simple moving average of $72.27. 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 firm has a market capitalization of $57.39 billion, a price-to-earnings ratio of 10.52, a PEG ratio of 1.97 and a beta of 1.35. Carrier Global Co. has a one year low of $53.33 and a one year high of $83.32.

Carrier Global (NYSE:CARR) last issued its earnings results on Tuesday, February 11th. The company reported $0.54 EPS for the quarter, beating 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 last year, the business earned $0.53 earnings per share. Sell-side analysts expect that Carrier Global Co. will post 2.99 EPS for the current year.

Carrier Global Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, December 20th were paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.36%. This is a positive change from Carrier Global’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Friday, December 20th. Carrier Global’s dividend payout ratio is presently 14.33%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CARR. Citigroup decreased their target price on Carrier Global from $94.00 to $90.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Royal Bank of Canada decreased their target price on Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Stephens decreased their target price on Carrier Global from $85.00 to $80.00 and set an “equal weight” rating for the company in a research report on Monday, October 28th. Northcoast Research began coverage on Carrier Global in a research report on Friday, November 22nd. They set a “neutral” rating for the company. Finally, Wells Fargo & Company decreased their target price on Carrier Global from $75.00 to $70.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. Seven analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $82.64.

About Carrier Global

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.