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

Woodley Farra Manion Portfolio Management Inc. decreased its stake in shares of Carrier Global Corporation (NYSE:CARR) by 1.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,122,417 shares of the company’s stock after selling 19,769 shares during the period. 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. owned about 0.14% of Carrier Global worth $61,576,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Bank of New York Mellon Corp bought a new stake in Carrier Global during the second quarter worth approximately $590,759,000. Bank of America Corp DE bought a new position in shares of Carrier Global in the second quarter valued at approximately $572,908,000. Dimensional Fund Advisors LP lifted its stake in shares of Carrier Global by 4.1% in the first quarter. Dimensional Fund Advisors LP now owns 6,291,311 shares of the company’s stock worth $354,188,000 after buying an additional 246,723 shares during the last quarter. Legal & General Group Plc acquired a new stake in shares of Carrier Global in the second quarter worth $322,366,000. Finally, Primecap Management Co. CA acquired a new stake in shares of Carrier Global in the second quarter worth $283,585,000. 91.00% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on CARR shares. Deutsche Bank Aktiengesellschaft lowered their target price 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. Wells Fargo & Company cut their target price on shares of Carrier Global from $67.00 to $65.00 and set an “overweight” rating for the company in a research report on Friday, October 30th. Royal Bank Of Canada decreased their price target on shares of Carrier Global from $72.00 to $70.00 and set an “outperform” rating for the company in a report on Friday, October 30th. Mizuho lowered their price target on Carrier Global from $75.00 to $70.00 and set an “outperform” rating on the stock in a research report on Thursday, October 15th. Finally, BNP Paribas Exane lowered their price target on Carrier Global from $68.00 to $60.00 and set a “neutral” rating on the stock in a research report on Friday, October 30th. Eleven analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $69.27.

Carrier Global Stock Down 0.6%

CARR 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 stock has a market capitalization of $43.38 billion, a price-to-earnings ratio of -23.88, a P/E/G ratio of 1.96 and a beta of 1.33. The business has a 50 day moving average of $55.66 and a 200-day moving average of $61.63.

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

Carrier Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 18th. Shareholders of record on Thursday, October 29th will be given a $0.24 dividend. 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 (DPR) is currently -43.24%.

Carrier Global 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.