Carrier Global Co. (NYSE:CARR) Shares Bought by Bank of Montreal Can

Bank of Montreal Can grew its position in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 6.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 903,229 shares of the company's stock after purchasing an additional 52,028 shares during the period. Bank of Montreal Can owned approximately 0.10% of Carrier Global worth $61,654,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CARR. Geode Capital Management LLC increased its stake in shares of Carrier Global by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 17,357,770 shares of the company's stock worth $1,181,300,000 after buying an additional 420,081 shares during the period. Fisher Asset Management LLC boosted its position in shares of Carrier Global by 0.3% in the 4th quarter. Fisher Asset Management LLC now owns 14,313,331 shares of the company's stock valued at $977,028,000 after purchasing an additional 46,222 shares during the period. Norges Bank purchased a new stake in Carrier Global in the 4th quarter valued at $588,029,000. Pictet Asset Management Holding SA raised its holdings in shares of Carrier Global by 2.1% in the fourth quarter. Pictet Asset Management Holding SA now owns 6,080,842 shares of the company's stock valued at $415,078,000 after buying an additional 126,174 shares during the last quarter. Finally, Wealthfront Advisers LLC boosted its stake in shares of Carrier Global by 5,840.1% during the fourth quarter. Wealthfront Advisers LLC now owns 5,000,000 shares of the company's stock worth $341,300,000 after buying an additional 4,915,826 shares during the period. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

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Carrier Global Stock Performance

Shares of Carrier Global stock traded up $0.11 during trading hours on Tuesday, reaching $60.70. The company's stock had a trading volume of 1,287,721 shares, compared to its average volume of 4,499,923. The stock has a market cap of $52.44 billion, a P/E ratio of 9.67, a price-to-earnings-growth ratio of 2.01 and a beta of 1.33. Carrier Global Co. has a one year low of $53.33 and a one year high of $83.32. The company's 50 day simple moving average is $64.19 and its 200 day simple moving average is $70.11. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25.

Carrier Global (NYSE:CARR - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share for the quarter, topping 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 quarter in the previous year, the business posted $0.53 EPS. As a group, analysts expect that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Carrier Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Friday, May 2nd will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend is Friday, May 2nd. Carrier Global's dividend payout ratio is currently 14.33%.

Analysts Set New Price Targets

CARR has been the subject of several recent research reports. Mizuho raised Carrier Global from a "neutral" rating to an "outperform" rating and set a $78.00 price target for the company in a report on Friday, February 14th. Wolfe Research upgraded shares of Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 target price for the company in a report on Monday, February 24th. Barclays cut their price target on Carrier Global from $87.00 to $83.00 and set an "overweight" rating for the company in a report on Wednesday, March 26th. Royal Bank of Canada cut their price objective on shares of Carrier Global from $86.00 to $76.00 and set an "outperform" rating for the company in a research report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Carrier Global from $78.00 to $64.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $80.13.

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.