13. CLIMATE ACTION

Truist Financial Corp Has $10.56 Million Stock Position in Carrier Global Co. (NYSE:CARR) – Defense World

Written by Amanda

Truist Financial Corp trimmed its holdings in shares of Carrier Global Co. (NYSE:CARRGet Rating) by 8.1% during the 1st quarter, Holdings Channel reports. The institutional investor owned 230,222 shares of the company’s stock after selling 20,395 shares during the period. Truist Financial Corp’s holdings in Carrier Global were worth $10,560,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of CARR. Capital Research Global Investors raised its position in Carrier Global by 16.7% during the fourth quarter. Capital Research Global Investors now owns 69,450,096 shares of the company’s stock valued at $3,766,967,000 after buying an additional 9,951,763 shares during the period. Norges Bank purchased a new position in Carrier Global in the fourth quarter valued at about $411,540,000. Capital World Investors grew its stake in Carrier Global by 8.5% in the fourth quarter. Capital World Investors now owns 65,581,967 shares of the company’s stock valued at $3,557,121,000 after purchasing an additional 5,135,409 shares in the last quarter. Clean Energy Transition LLP purchased a new position in Carrier Global in the fourth quarter valued at about $169,937,000. Finally, Adage Capital Partners GP L.L.C. grew its stake in Carrier Global by 855.7% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 2,852,153 shares of the company’s stock valued at $154,701,000 after purchasing an additional 2,553,724 shares in the last quarter. 85.55% of the stock is currently owned by hedge funds and other institutional investors.

NYSE CARR opened at $36.53 on Tuesday. The stock has a 50-day simple moving average of $37.54 and a 200 day simple moving average of $43.20. 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 stock has a market capitalization of $30.99 billion, a PE ratio of 12.10, a P/E/G ratio of 1.84 and a beta of 1.35. Carrier Global Co. has a twelve month low of $34.12 and a twelve month high of $58.89.

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. The firm had revenue of $4.65 billion during the quarter, compared to analysts’ expectations of $4.55 billion. Carrier Global had a return on equity of 28.53% and a net margin of 12.93%. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.48 EPS. As a group, equities research analysts forecast that Carrier Global Co. will post 2.29 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 10th. Shareholders of record on Thursday, June 23rd will be issued a $0.15 dividend. The ex-dividend date is Wednesday, June 22nd. This represents a $0.60 annualized dividend and a yield of 1.64%. Carrier Global’s dividend payout ratio (DPR) is 19.87%.

A number of research analysts have commented on the company. KeyCorp lowered their target price on Carrier Global from $60.00 to $54.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 13th. The Goldman Sachs Group lowered their target price on Carrier Global from $53.00 to $43.00 and set a “buy” rating on the stock in a research note on Thursday, June 23rd. TheStreet downgraded Carrier Global from a “b-” rating to a “c” rating in a research note on Friday, April 29th. Barclays decreased their price target on Carrier Global from $50.00 to $47.00 and set an “overweight” rating for the company in a research note on Friday. Finally, Wells Fargo & Company decreased their price target on Carrier Global from $43.00 to $39.00 and set an “equal weight” rating for the company in a research note on Wednesday, June 29th. Eleven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Carrier Global currently has an average rating of “Hold” and an average target price of $52.56.

Carrier Global Company Profile (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.

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Source: defenseworld.net

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Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai