Carrier Global Corporation $CARR Stock Sold by Woodley Farra Manion Portfolio Management Inc.

Woodley Farra Manion Portfolio Management Inc. lowered its position in Carrier Global Corporation (NYSE:CARR) by 1.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,122,417 shares of the company’s stock after selling 19,769 shares during the quarter. Carrier Global accounts for about 3.1% of Woodley Farra Manion Portfolio Management Inc.’s holdings, making the stock its 11th largest position. Woodley Farra Manion Portfolio Management Inc.’s holdings in Carrier Global were worth $61,576,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Dynamic Advisor Solutions LLC increased its position in shares of Carrier Global by 2.8% during the second quarter. Dynamic Advisor Solutions LLC now owns 5,801 shares of the company’s stock valued at $426,000 after purchasing an additional 158 shares during the period. Brookstone Capital Management raised its stake in shares of Carrier Global by 3.2% in the third quarter. Brookstone Capital Management now owns 6,192 shares of the company’s stock valued at $340,000 after purchasing an additional 194 shares in the last quarter. HORAN Wealth LLC lifted its position in Carrier Global by 3.6% in the first quarter. HORAN Wealth LLC now owns 5,771 shares of the company’s stock worth $306,000 after purchasing an additional 200 shares during the period. Financial Management Professionals Inc. lifted its position in Carrier Global by 53.5% in the third quarter. Financial Management Professionals Inc. now owns 588 shares of the company’s stock worth $32,000 after purchasing an additional 205 shares during the period. Finally, Westside Investment Management Inc. lifted its position in Carrier Global by 26.0% in the third quarter. Westside Investment Management Inc. now owns 994 shares of the company’s stock worth $55,000 after purchasing an additional 205 shares during the period. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Trading Down 0.6%

CARR stock opened at $53.02 on Wednesday. Carrier Global Corporation has a 1-year low of $50.24 and a 1-year high of $76.76. The company has a current ratio of 1.00, a quick ratio of 0.68 and a debt-to-equity ratio of 0.96. The business’s 50 day moving average is $55.66 and its 200-day moving average is $61.63. The firm has a market cap of $43.38 billion, a P/E ratio of -23.88, a P/E/G ratio of 1.96 and a beta of 1.33.

Carrier Global (NYSE:CARR) last posted its earnings results on Thursday, October 29th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.76 by $0.11. The business had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.09 billion. Carrier Global had a positive return on equity of 16.99% and a negative net margin of 7.90%. Carrier Global’s revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the company earned $0.67 EPS. Equities analysts anticipate that Carrier Global Corporation will post 2.85 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 18th. Shareholders of record on Thursday, October 29th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.8%. The ex-dividend date is Thursday, October 29th. Carrier Global’s dividend payout ratio is currently -43.24%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Carrier Global from $71.00 to $64.00 and set a “hold” rating on the stock in a research note on Wednesday, September 30th. The Goldman Sachs Group cut shares of Carrier Global from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $74.00 to $61.00 in a research note on Wednesday, October 14th. BNP Paribas Exane reduced their price objective on shares of Carrier Global from $68.00 to $60.00 and set a “neutral” rating for the company in a report on Friday, October 30th. Zacks Research downgraded shares of Carrier Global from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 1st. Finally, Citigroup decreased their target price on shares of Carrier Global from $80.00 to $71.00 and set a “buy” rating on the stock in a research report on Friday, October 30th. Eleven analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Carrier Global has a consensus rating of “Moderate Buy” and an average price target of $69.27.

Carrier Global Company Profile

Carrier Global Corporation develops and provides heating, ventilation, air conditioning and refrigeration systems, along with related building technologies. Its products and services serve residential, commercial and industrial customers, as well as applications that require temperature-controlled transportation and storage. The company’s offerings include heating and cooling equipment, building automation and energy-management solutions, and fire and security systems. Its portfolio includes brands such as Carrier, Bryant and Kidde, and it provides installation, maintenance and other services to support its equipment.