Bank of Nova Scotia Purchases 5,024 Shares of Carrier Global Co. (NYSE:CARR)

Bank of Nova Scotia grew its holdings in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 5.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 105,912 shares of the company's stock after buying an additional 5,024 shares during the quarter. Bank of Nova Scotia's holdings in Carrier Global were worth $7,230,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in CARR. Geode Capital Management LLC boosted its position 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 valued at $1,181,300,000 after buying an additional 420,081 shares during the last quarter. Fisher Asset Management LLC lifted its position in shares of Carrier Global by 0.3% during the fourth 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 in the last quarter. Norges Bank purchased a new position in Carrier Global during the fourth quarter worth about $588,029,000. Pictet Asset Management Holding SA increased its stake in Carrier Global by 2.1% in the 4th 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, Invesco Ltd. increased its position in shares of Carrier Global by 40.3% during the fourth quarter. Invesco Ltd. now owns 5,057,148 shares of the company's stock valued at $345,201,000 after acquiring an additional 1,453,247 shares during the last quarter. 91.00% of the stock is owned by institutional investors.

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Carrier Global Stock Down 0.2 %

Shares of CARR stock traded down $0.11 during midday trading on Tuesday, reaching $60.48. 4,390,677 shares of the stock were exchanged, compared to its average volume of 4,511,984. The firm has a market cap of $52.26 billion, a PE ratio of 9.63, a price-to-earnings-growth ratio of 2.01 and a beta of 1.33. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77. The company's 50 day moving average is $64.19 and its two-hundred day moving average is $70.11. Carrier Global Co. has a 1 year low of $53.33 and a 1 year high of $83.32.

Carrier Global (NYSE:CARR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 EPS for the quarter, beating the consensus estimate 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 last year, the company earned $0.53 earnings per share. On average, equities research analysts predict that Carrier Global Co. will post 2.99 EPS for the current year.

Carrier Global Dividend Announcement

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 issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date is Friday, May 2nd. Carrier Global's dividend payout ratio (DPR) is presently 14.33%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Royal Bank of Canada reduced their price objective on Carrier Global from $86.00 to $76.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th. Citigroup dropped their target price on shares of Carrier Global from $89.00 to $72.00 and set a "buy" rating on the stock in a research note on Monday. Barclays lowered their price target on shares of Carrier Global from $87.00 to $83.00 and set an "overweight" rating on the stock in a report on Wednesday, March 26th. JPMorgan Chase & Co. lowered their target price on Carrier Global from $78.00 to $64.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Finally, Wells Fargo & Company decreased their price objective on Carrier Global from $75.00 to $70.00 and set an "equal weight" rating for the company in a report on Wednesday, February 12th. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $80.13.

About Carrier Global

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.