Gamco Investors INC. ET AL Reduces Position in Carrier Global Co. (NYSE:CARR)

Gamco Investors INC. ET AL lessened its holdings in shares of Carrier Global Co. (NYSE:CARRGet Rating) by 6.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 121,192 shares of the company’s stock after selling 8,653 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Carrier Global were worth $6,573,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the company. Capital World Investors raised its position in shares of Carrier Global by 29.9% during the 3rd quarter. Capital World Investors now owns 60,446,558 shares of the company’s stock valued at $3,128,745,000 after purchasing an additional 13,917,795 shares during the period. Capital Research Global Investors increased its holdings in Carrier Global by 6.3% in the 3rd quarter. Capital Research Global Investors now owns 59,498,333 shares of the company’s stock valued at $3,079,643,000 after acquiring an additional 3,537,425 shares during the last quarter. Geode Capital Management LLC increased its holdings in Carrier Global by 11.3% in the 3rd quarter. Geode Capital Management LLC now owns 16,085,291 shares of the company’s stock valued at $830,492,000 after acquiring an additional 1,633,014 shares during the last quarter. KBC Group NV increased its holdings in Carrier Global by 578.1% in the 4th quarter. KBC Group NV now owns 1,562,990 shares of the company’s stock valued at $84,777,000 after acquiring an additional 1,332,490 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in Carrier Global by 9,081.1% in the 3rd quarter. American Century Companies Inc. now owns 848,974 shares of the company’s stock valued at $43,943,000 after acquiring an additional 839,727 shares during the last quarter. Institutional investors and hedge funds own 85.55% of the company’s stock.

NYSE:CARR opened at $37.96 on Monday. Carrier Global Co. has a one year low of $36.23 and a one year high of $58.89. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.31 and a current ratio of 1.74. The firm has a market cap of $32.20 billion, a P/E ratio of 12.57, a P/E/G ratio of 1.91 and a beta of 1.37. The firm has a 50-day simple moving average of $42.45 and a 200-day simple moving average of $47.66.

Carrier Global (NYSE:CARRGet Rating) last posted its quarterly earnings results on Thursday, April 28th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.47 by $0.07. Carrier Global had a net margin of 12.93% and a return on equity of 28.53%. The business had revenue of $4.65 billion during the quarter, compared to analyst estimates of $4.55 billion. During the same quarter in the previous year, the business posted $0.48 EPS. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. On average, research analysts predict that Carrier Global Co. will post 2.29 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 19th. Investors of record on Friday, April 29th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, April 28th. This represents a $0.60 annualized dividend and a dividend yield of 1.58%. Carrier Global’s dividend payout ratio (DPR) is presently 19.87%.

A number of analysts have issued reports on CARR shares. Wells Fargo & Company reduced their price target on shares of Carrier Global from $56.00 to $50.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 9th. Citigroup reduced their target price on shares of Carrier Global from $59.00 to $55.00 and set a “neutral” rating on the stock in a report on Wednesday, February 9th. TheStreet downgraded shares of Carrier Global from a “b-” rating to a “c” rating in a report on Friday, April 29th. KeyCorp reduced their target price on shares of Carrier Global from $60.00 to $54.00 and set an “overweight” rating on the stock in a report on Wednesday, April 13th. Finally, Atlantic Securities reduced their target price on shares of Carrier Global from $59.00 to $53.00 and set a “neutral” rating on the stock in a report on Wednesday, February 9th. Twelve analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $55.44.

About Carrier Global (Get Rating)

Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies worldwide. It operates through three segments: HVAC, Refrigeration, and Fire & Security. The HVAC segment provides products, controls, services, and solutions to meet the heating, cooling, and ventilation needs of residential and commercial customers.

Featured Stories

Want to see what other hedge funds are holding CARR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carrier Global Co. (NYSE:CARRGet Rating).

Institutional Ownership by Quarter for Carrier Global (NYSE:CARR)

Receive News & Ratings for Carrier Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carrier Global and related companies with MarketBeat.com's FREE daily email newsletter.