1,495,095 Carrier Global Corporation $CARR Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC lowered its position in shares of Carrier Global Corporation (NYSE:CARR) by 11.5% in the 3rd quarter, Holdings Channel reports. The fund owned 11,552,205 shares of the company’s stock after selling 1,495,095 shares during the period. Fisher Asset Management LLC’s holdings in Carrier Global were worth $640,701,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Russell Investments Group Ltd. increased its stake in shares of Carrier Global by 23.0% in the third quarter. Russell Investments Group Ltd. now owns 2,130,062 shares of the company’s stock valued at $116,855,000 after purchasing an additional 398,343 shares during the period. Eurizon Capital SGR S.p.A. raised its holdings in shares of Carrier Global by 32.8% during the third quarter. Eurizon Capital SGR S.p.A. now owns 455,158 shares of the company’s stock valued at $24,970,000 after buying an additional 112,365 shares during the last quarter. CENTRAL TRUST Co boosted its position in shares of Carrier Global by 68.4% during the third quarter. CENTRAL TRUST Co now owns 35,387 shares of the company’s stock worth $1,941,000 after buying an additional 14,369 shares during the period. Fifth Third Bancorp boosted its position in shares of Carrier Global by 57.9% during the third quarter. Fifth Third Bancorp now owns 662,032 shares of the company’s stock worth $36,319,000 after buying an additional 242,787 shares during the period. Finally, New Mexico Educational Retirement Board grew its holdings in Carrier Global by 35.2% in the 3rd quarter. New Mexico Educational Retirement Board now owns 52,889 shares of the company’s stock worth $2,901,000 after buying an additional 13,772 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on CARR. Weiss Ratings downgraded Carrier Global from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, October 30th. Zacks Research cut Carrier Global from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 1st. Deutsche Bank lowered their price target on Carrier Global from $71.00 to $64.00 and set a “hold” rating on the stock in a report on Wednesday, September 30th. JPMorgan Chase & Co. cut their price objective on shares of Carrier Global from $61.00 to $60.00 and set a “neutral” rating on the stock in a research note on Friday, October 30th. Finally, Royal Bank Of Canada decreased their target price on shares of Carrier Global from $72.00 to $70.00 and set an “outperform” rating for the company in a research report on Friday, October 30th. Eleven analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Carrier Global presently has an average rating of “Moderate Buy” and an average target price of $69.27.

Carrier Global Trading Down 0.4%

Shares of NYSE:CARR opened at $54.38 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.68 and a current ratio of 1.00. The stock has a market capitalization of $44.49 billion, a price-to-earnings ratio of -24.49, a PEG ratio of 2.01 and a beta of 1.33. Carrier Global Corporation has a 1-year low of $50.24 and a 1-year high of $76.76. The company has a 50 day moving average price of $55.54 and a 200 day moving average price of $61.60.

Carrier Global (NYSE:CARR) last posted its quarterly earnings results on Thursday, October 29th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.09 billion. During the same quarter in the prior year, the company earned $0.67 earnings per share. The firm’s revenue was up 12.3% on a year-over-year basis. On average, research analysts anticipate that Carrier Global Corporation will post 2.85 EPS for the current fiscal year.

Carrier Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 18th. Investors of record on Thursday, October 29th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Thursday, October 29th. Carrier Global’s payout ratio is presently -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.