Kentucky Retirement Systems Trims Stake in Carrier Global Co. (NYSE:CARR)

Kentucky Retirement Systems lowered its position in Carrier Global Co. (NYSE:CARR) by 1.4% during the 4th quarter, HoldingsChannel reports. The firm owned 57,694 shares of the company’s stock after selling 794 shares during the period. Kentucky Retirement Systems’ holdings in Carrier Global were worth $3,938,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. FSA Wealth Management LLC purchased a new stake in shares of Carrier Global during the 3rd quarter valued at $28,000. Coastline Trust Co purchased a new position in Carrier Global in the third quarter worth $37,000. Capital Performance Advisors LLP purchased a new stake in Carrier Global during the third quarter valued at about $44,000. Roxbury Financial LLC purchased a new stake in Carrier Global during the fourth quarter valued at about $49,000. Finally, Ashton Thomas Securities LLC bought a new stake in Carrier Global during the third quarter worth about $50,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CARR shares. Mizuho upgraded Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price objective on the stock in a research report on Friday, February 14th. The Goldman Sachs Group initiated coverage on shares of Carrier Global in a report on Thursday, December 12th. They issued a “buy” rating and a $96.00 price objective for the company. Northcoast Research began coverage on shares of Carrier Global in a report on Friday, November 22nd. They set a “neutral” rating on the stock. JPMorgan Chase & Co. decreased their target price on shares of Carrier Global from $83.00 to $77.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Finally, Wells Fargo & Company cut their price target on shares of 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 investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $82.64.

Carrier Global Trading Down 1.5 %

CARR opened at $66.10 on Friday. 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. The business has a 50 day simple moving average of $67.46 and a two-hundred day simple moving average of $72.27. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96.

Carrier Global (NYSE:CARR) last announced its earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03. Carrier Global had a net margin of 23.83% and a return on equity of 18.82%. During the same quarter last year, the business posted $0.53 EPS. Analysts predict 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. Stockholders of record on Friday, December 20th were given a $0.225 dividend. The ex-dividend date of this dividend was Friday, December 20th. This is an increase from Carrier Global’s previous quarterly dividend of $0.19. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.36%. Carrier Global’s dividend payout ratio is currently 14.33%.

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.