CANADA LIFE ASSURANCE Co Acquires 106,145 Shares of Carrier Global Co. (NYSE:CARR)

CANADA LIFE ASSURANCE Co lifted its stake in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 10.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,077,219 shares of the company's stock after acquiring an additional 106,145 shares during the period. CANADA LIFE ASSURANCE Co owned approximately 0.12% of Carrier Global worth $73,533,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CARR. BOK Financial Private Wealth Inc. increased its holdings in shares of Carrier Global by 80.0% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company's stock worth $25,000 after buying an additional 160 shares during the period. Ritter Daniher Financial Advisory LLC DE raised its holdings in Carrier Global by 90.0% during the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 380 shares of the company's stock valued at $26,000 after buying an additional 180 shares during the last quarter. Bradley & Co. Private Wealth Management LLC purchased a new stake in Carrier Global during the 4th quarter valued at $31,000. Meeder Asset Management Inc. increased its position in shares of Carrier Global by 236.1% in the fourth quarter. Meeder Asset Management Inc. now owns 484 shares of the company's stock valued at $33,000 after acquiring an additional 340 shares during the period. Finally, Aster Capital Management DIFC Ltd purchased a new stake in shares of Carrier Global during the fourth quarter worth about $42,000. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Carrier Global Price Performance

NYSE:CARR remained flat at $59.47 on Wednesday. The company's stock had a trading volume of 2,918,690 shares, compared to its average volume of 4,513,779. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77. Carrier Global Co. has a fifty-two week low of $53.66 and a fifty-two week high of $83.32. The stock has a market cap of $51.38 billion, a PE ratio of 9.47, a price-to-earnings-growth ratio of 2.01 and a beta of 1.33. The business has a 50-day moving average price of $63.57 and a 200-day moving average price of $69.32.

Carrier Global (NYSE:CARR - Get Free Report) last released its earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.03. Carrier Global had a net margin of 23.83% and a return on equity of 18.82%. During the same period last year, the business posted $0.53 earnings per share. As a group, equities research analysts anticipate that Carrier Global Co. will post 2.99 EPS for the current year.

Carrier Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Friday, May 2nd will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $0.90 annualized dividend and a yield of 1.51%. Carrier Global's payout ratio is 14.33%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Mizuho raised shares of Carrier Global from a "neutral" rating to an "outperform" rating and set a $78.00 price target for the company in a research note on Friday, February 14th. 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. Royal Bank of Canada decreased their price target on shares of 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 cut their price target on Carrier Global from $89.00 to $72.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Barclays lowered their price objective on Carrier Global from $87.00 to $83.00 and set an "overweight" rating for the company in a research note on Wednesday, March 26th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $80.13.

Carrier Global Company 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.