Lipe & Dalton Sells 273 Shares of Carrier Global Co. (NYSE:CARR)

Lipe & Dalton trimmed its position in shares of Carrier Global Co. (NYSE:CARR) by 1.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,834 shares of the company’s stock after selling 273 shares during the quarter. Lipe & Dalton’s holdings in Carrier Global were worth $1,286,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. FSA Wealth Management LLC bought a new stake in Carrier Global in the third quarter worth $28,000. Coastline Trust Co bought a new stake in Carrier Global during the 3rd quarter valued at about $37,000. Capital Performance Advisors LLP bought a new position in shares of Carrier Global in the third quarter worth approximately $44,000. Roxbury Financial LLC purchased a new stake in shares of Carrier Global during the fourth quarter valued at approximately $49,000. Finally, Centricity Wealth Management LLC purchased a new stake in shares of Carrier Global during the fourth quarter valued at approximately $49,000. Institutional investors own 91.00% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on CARR. Wells Fargo & Company cut their target price on Carrier Global from $75.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 12th. JPMorgan Chase & Co. cut their price objective on Carrier Global from $83.00 to $77.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Barclays dropped their target price on Carrier Global from $90.00 to $87.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. Northcoast Research assumed coverage on shares of Carrier Global in a report on Friday, November 22nd. They issued a “neutral” rating on the stock. Finally, The Goldman Sachs Group started coverage on Carrier Global in a research report on Thursday, December 12th. They issued a “buy” rating and a $96.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $82.64.

Carrier Global Price Performance

Carrier Global stock opened at $66.10 on Friday. Carrier Global Co. has a 12-month low of $53.33 and a 12-month high of $83.32. The stock has a market cap of $57.39 billion, a P/E ratio of 10.52, a PEG ratio of 1.97 and a beta of 1.35. The company has a 50-day moving average price of $67.46 and a 200 day moving average price 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.

Carrier Global (NYSE:CARR) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) for the quarter, topping 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 in the prior year, the company posted $0.53 earnings per share. Sell-side analysts anticipate that Carrier Global Co. will post 2.99 earnings per share for the current year.

Carrier Global Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, December 20th were given a dividend of $0.225 per share. The ex-dividend date was Friday, December 20th. This is a boost 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 (DPR) is currently 14.33%.

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.