Telos Capital Management Inc. Sells 69,032 Shares of Carrier Global Corporation $CARR

Telos Capital Management Inc. decreased its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 36.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 118,491 shares of the company’s stock after selling 69,032 shares during the quarter. Telos Capital Management Inc.’s holdings in Carrier Global were worth $6,500,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Johnson Financial Group Inc. acquired a new position in Carrier Global in the second quarter valued at approximately $25,000. Meeder Asset Management Inc. acquired a new stake in shares of Carrier Global during the 2nd quarter worth approximately $26,000. Latitude Advisors LLC bought a new stake in shares of Carrier Global in the 3rd quarter worth approximately $27,000. Financial Management Professionals Inc. lifted its holdings in shares of Carrier Global by 142.4% in the 2nd quarter. Financial Management Professionals Inc. now owns 383 shares of the company’s stock worth $28,000 after purchasing an additional 225 shares during the last quarter. Finally, Downshift Financial LLC lifted its holdings in shares of Carrier Global by 69.5% in the 3rd quarter. Downshift Financial LLC now owns 517 shares of the company’s stock worth $28,000 after purchasing an additional 212 shares during the last quarter. Institutional investors own 91.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CARR shares. Sanford C. Bernstein reduced their price objective on Carrier Global from $78.00 to $64.00 and set a “market perform” rating for the company in a research report on Wednesday, October 7th. Robert W. Baird cut their target price on Carrier Global from $72.00 to $70.00 and set an “outperform” rating on the stock in a research note on Monday. Royal Bank Of Canada reduced 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. Citigroup lowered their price target on shares of Carrier Global from $80.00 to $71.00 and set a “buy” rating for the company in a research report on Friday, October 30th. Finally, Weiss Ratings lowered shares of Carrier Global from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, October 30th. Eleven investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $69.27.

Carrier Global Stock Performance

CARR opened at $53.17 on Friday. The business’s 50 day moving average is $56.00 and its 200-day moving average is $61.69. The stock has a market cap of $43.51 billion, a PE ratio of -23.95, a price-to-earnings-growth ratio of 2.03 and a beta of 1.33. The company has a current ratio of 1.00, a quick ratio of 0.68 and a debt-to-equity ratio of 0.96. Carrier Global Corporation has a twelve month low of $50.24 and a twelve month high of $76.76.

Carrier Global (NYSE:CARR) last issued its quarterly earnings data 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. Carrier Global had a positive return on equity of 16.99% and a negative net margin of 7.90%. The business had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.09 billion. During the same period in the prior year, the company posted $0.67 EPS. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. On average, analysts predict that Carrier Global Corporation will post 2.86 earnings per share for the current year.

Carrier Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 18th. Stockholders of record on Thursday, October 29th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Thursday, October 29th. This represents a $0.96 annualized dividend and a dividend yield of 1.8%. Carrier Global’s dividend payout ratio is presently -43.24%.

Carrier Global Profile

Carrier Global Corporation (NYSE:CARR) is a global provider of intelligent climate and energy solutions. The company develops and manufactures heating, ventilation and air-conditioning (HVAC) systems, refrigeration equipment, building automation technologies and related controls and services for residential, commercial and industrial customers.

Its offerings include air conditioners, heat pumps, furnaces, boilers, chillers, ventilation systems, refrigeration systems and building management solutions.