APG Asset Management N.V. Takes $34.93 Million Position in Carrier Global Co. (NYSE:CARR)

APG Asset Management N.V. purchased a new stake in Carrier Global Co. (NYSE:CARR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 529,897 shares of the company's stock, valued at approximately $34,931,000. APG Asset Management N.V. owned about 0.06% of Carrier Global as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Norges Bank acquired a new position in Carrier Global during the 4th quarter valued at approximately $588,029,000. Wealthfront Advisers LLC lifted its stake in Carrier Global by 5,840.1% in the fourth quarter. Wealthfront Advisers LLC now owns 5,000,000 shares of the company's stock valued at $341,300,000 after buying an additional 4,915,826 shares during the last quarter. Artisan Partners Limited Partnership acquired a new position in shares of Carrier Global during the fourth quarter valued at $166,061,000. Raymond James Financial Inc. bought a new position in shares of Carrier Global during the fourth quarter worth about $108,433,000. Finally, Invesco Ltd. increased its holdings in shares of Carrier Global by 40.3% in the 4th quarter. Invesco Ltd. now owns 5,057,148 shares of the company's stock worth $345,201,000 after acquiring an additional 1,453,247 shares during the period. Hedge funds and other institutional investors own 91.00% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on CARR shares. Wells Fargo & Company decreased their target price on shares of Carrier Global from $75.00 to $70.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 12th. JPMorgan Chase & Co. decreased their price objective on Carrier Global from $78.00 to $64.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Barclays cut their target price on Carrier Global from $87.00 to $83.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 26th. Wolfe Research raised Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 price target for the company in a research note on Monday, February 24th. Finally, Royal Bank of Canada cut their price objective on shares of Carrier Global from $86.00 to $76.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 12th. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Carrier Global has an average rating of "Moderate Buy" and an average price target of $81.33.

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Carrier Global Price Performance

Shares of NYSE:CARR traded up $0.88 on Monday, hitting $60.14. The stock had a trading volume of 1,491,735 shares, compared to its average volume of 5,694,074. The company has a market capitalization of $51.96 billion, a price-to-earnings ratio of 9.58, a price-to-earnings-growth ratio of 2.01 and a beta of 1.33. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25. The firm's 50 day moving average price is $64.27 and its 200-day moving average price is $70.25. Carrier Global Co. has a twelve month low of $53.33 and a twelve month high of $83.32.

Carrier Global (NYSE:CARR - Get Free Report) last announced its earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share for the quarter, beating analysts' consensus estimates of $0.51 by $0.03. Carrier Global had a return on equity of 18.82% and a net margin of 23.83%. During the same period last year, the firm earned $0.53 earnings per share. On average, equities research analysts predict that Carrier Global Co. will post 2.99 earnings per share for the current year.

Carrier Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Friday, May 2nd will be paid a $0.225 dividend. The ex-dividend date is Friday, May 2nd. This represents a $0.90 dividend on an annualized basis and a yield of 1.50%. Carrier Global's payout ratio is presently 14.33%.

Carrier Global Profile

Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies in the United States, Europe, the Asia Pacific, and internationally. It operates through three segments: HVAC, Refrigeration, and Fire & Security.