Fullerton Fund Management Co Ltd. Sells 1,747 Shares of Carrier Global Co. (NYSE:CARR)

Fullerton Fund Management Co Ltd. trimmed its stake in shares of Carrier Global Co. (NYSE:CARR) by 18.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 7,903 shares of the company’s stock after selling 1,747 shares during the quarter. Fullerton Fund Management Co Ltd.’s holdings in Carrier Global were worth $539,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of CARR. RFG Advisory LLC grew its holdings in shares of Carrier Global by 36.2% in the fourth quarter. RFG Advisory LLC now owns 7,170 shares of the company’s stock worth $489,000 after purchasing an additional 1,904 shares during the last quarter. Princeton Global Asset Management LLC grew its holdings in 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 worth $1,410,000 after acquiring an additional 19,018 shares during the last quarter. Miracle Mile Advisors LLC purchased a new position in shares of Carrier Global in the fourth quarter valued at about $2,213,000. Waldron Private Wealth LLC raised its stake in shares of Carrier Global by 90.5% during the fourth quarter. Waldron Private Wealth LLC now owns 16,532 shares of the company’s stock valued at $1,128,000 after acquiring an additional 7,854 shares during the last quarter. Finally, Gateway Wealth Partners LLC boosted its holdings in shares of Carrier Global by 221.8% during the fourth quarter. Gateway Wealth Partners LLC now owns 10,327 shares of the company’s stock worth $705,000 after purchasing an additional 7,118 shares during the period. 91.00% of the stock is owned by hedge funds and other institutional investors.

Carrier Global Stock Performance

Shares of Carrier Global stock opened at $71.44 on Friday. 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 has a market cap of $61.25 billion, a price-to-earnings ratio of 11.38, a PEG ratio of 2.01 and a beta of 1.33. Carrier Global Co. has a 1 year low of $54.22 and a 1 year high of $83.32. The firm’s 50-day moving average is $63.72 and its 200 day moving average is $68.02.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.07. Carrier Global had a net margin of 23.83% and a return on equity of 18.82%. The company had revenue of $5.22 billion during the quarter, compared to analyst estimates of $5.17 billion. During the same period in the previous year, the business earned $0.51 EPS. The firm’s revenue for the quarter was down 3.7% on a year-over-year basis. Sell-side analysts anticipate that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Friday, May 2nd will be issued a $0.225 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $0.90 annualized dividend and a yield of 1.26%. Carrier Global’s payout ratio is 13.93%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on CARR shares. Northcoast Research upgraded Carrier Global from a “neutral” rating to a “buy” rating and set a $85.00 price objective for the company in a report on Friday. Wells Fargo & Company lifted their target price on shares of Carrier Global from $65.00 to $75.00 and gave the company an “equal weight” rating in a research note on Monday, May 5th. JPMorgan Chase & Co. decreased their price target on shares of Carrier Global from $78.00 to $64.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Barclays upped their target price on Carrier Global from $83.00 to $84.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Mizuho set a $72.00 target price on Carrier Global in a research note on Tuesday, April 22nd. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.53.

Carrier Global 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.