Heritage Investors Management Corp Has $3.17 Million Stock Holdings in Carrier Global Co. (NYSE:CARR)

Heritage Investors Management Corp cut its stake in Carrier Global Co. (NYSE:CARR) by 3.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,421 shares of the company’s stock after selling 1,429 shares during the period. Heritage Investors Management Corp’s holdings in Carrier Global were worth $3,169,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. RFG Advisory LLC raised its holdings in 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 acquiring an additional 1,904 shares in the last quarter. Princeton Global Asset Management LLC raised its holdings in shares of Carrier Global by 1,156.1% during the 4th quarter. Princeton Global Asset Management LLC now owns 20,663 shares of the company’s stock worth $1,410,000 after buying an additional 19,018 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of Carrier Global by 12.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 100,440 shares of the company’s stock worth $8,084,000 after buying an additional 11,032 shares in the last quarter. Cerity Partners LLC raised its holdings in shares of Carrier Global by 39.0% during the 3rd quarter. Cerity Partners LLC now owns 136,821 shares of the company’s stock worth $11,013,000 after buying an additional 38,365 shares in the last quarter. Finally, Miracle Mile Advisors LLC acquired a new position in shares of Carrier Global during the 4th quarter worth $2,213,000. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global Stock Down 3.1 %

Shares of Carrier Global stock opened at $64.04 on Friday. Carrier Global Co. has a one year low of $53.33 and a one year high of $83.32. 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 stock’s 50-day moving average is $67.23 and its 200 day moving average is $72.33. The firm has a market cap of $55.61 billion, a price-to-earnings ratio of 10.20, a PEG ratio of 2.01 and a beta of 1.35.

Carrier Global (NYSE:CARR) last announced its earnings results on Tuesday, February 11th. The company reported $0.54 EPS for the quarter, beating the consensus estimate 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 quarter last year, the business posted $0.53 EPS. Equities research analysts anticipate that Carrier Global Co. will post 2.99 EPS for the current year.

Carrier Global Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, December 20th were given a dividend of $0.225 per share. This is a positive change from Carrier Global’s previous quarterly dividend of $0.19. The ex-dividend date was Friday, December 20th. This represents a $0.90 annualized dividend and a dividend yield of 1.41%. Carrier Global’s dividend payout ratio is presently 14.33%.

Analyst Ratings Changes

A number of research firms have recently commented on CARR. Northcoast Research began coverage on Carrier Global in a report on Friday, November 22nd. They set a “neutral” rating for the company. Wells Fargo & Company lowered their target price on Carrier Global from $75.00 to $70.00 and set an “equal weight” rating for the company in a report on Wednesday, February 12th. UBS Group raised Carrier Global from a “neutral” rating to a “buy” rating and set a $94.00 target price for the company in a report on Wednesday, November 13th. Wolfe Research raised Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 target price for the company in a report on Monday. Finally, Barclays lowered their target price on Carrier Global from $90.00 to $87.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. Six equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Carrier Global presently has a consensus rating of “Moderate Buy” and an average target price of $82.47.

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.