Paradigm Asset Management Co. LLC Sells 1,100 Shares of Carrier Global Co. (NYSE:CARR)

Paradigm Asset Management Co. LLC lessened its holdings in shares of Carrier Global Co. (NYSE:CARR) by 42.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,500 shares of the company’s stock after selling 1,100 shares during the period. Paradigm Asset Management Co. LLC’s holdings in Carrier Global were worth $102,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. FSA Wealth Management LLC acquired a new position in shares of Carrier Global during the third quarter worth approximately $28,000. Coastline Trust Co acquired a new stake in shares of Carrier Global in the third quarter worth $37,000. Capital Performance Advisors LLP bought a new position in Carrier Global during the third quarter worth $44,000. Roxbury Financial LLC acquired a new position in Carrier Global during the 4th quarter valued at $49,000. Finally, Centricity Wealth Management LLC bought a new stake in Carrier Global in the 4th quarter valued at $49,000. Institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Down 1.5 %

Shares of NYSE:CARR opened at $66.10 on Friday. The company’s fifty day moving average is $67.46 and its 200-day moving average is $72.27. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25. Carrier Global Co. has a 52 week low of $53.33 and a 52 week high of $83.32. The company has a market capitalization of $57.39 billion, a PE ratio of 10.52, a P/E/G ratio of 1.97 and a beta of 1.35.

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, beating the consensus estimate 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. Equities research analysts predict that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Carrier Global Increases Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Friday, December 20th. This is a positive change from Carrier Global’s previous quarterly dividend of $0.19. This represents a $0.90 dividend on an annualized basis and a yield of 1.36%. Carrier Global’s dividend payout ratio is 14.33%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CARR shares. Robert W. Baird dropped their price objective on shares of Carrier Global from $88.00 to $86.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Northcoast Research assumed coverage on Carrier Global in a research note on Friday, November 22nd. They set a “neutral” rating on the stock. Wells Fargo & Company reduced their price objective 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. Royal Bank of Canada decreased their price objective on Carrier Global from $86.00 to $76.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. Finally, Stephens cut their target price on Carrier Global from $85.00 to $80.00 and set an “equal weight” rating for the company in a research note on Monday, October 28th. Seven analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Carrier Global presently has an average rating of “Moderate Buy” and a consensus price target of $82.64.

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.