FIL Ltd Buys 9,540 Shares of Carrier Global Co. (NYSE:CARR)

FIL Ltd boosted its stake in Carrier Global Co. (NYSE:CARR - Free Report) by 16.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,945 shares of the company's stock after buying an additional 9,540 shares during the quarter. FIL Ltd's holdings in Carrier Global were worth $4,638,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CARR. BOK Financial Private Wealth Inc. increased its holdings in shares of Carrier Global by 80.0% during 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 in the last quarter. Ritter Daniher Financial Advisory LLC DE boosted its stake in Carrier Global by 90.0% in the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 380 shares of the company's stock worth $26,000 after purchasing an additional 180 shares in the last quarter. Bradley & Co. Private Wealth Management LLC acquired a new position in Carrier Global in the fourth quarter worth $31,000. Meeder Asset Management Inc. grew its holdings in shares of Carrier Global by 236.1% during the fourth quarter. Meeder Asset Management Inc. now owns 484 shares of the company's stock worth $33,000 after purchasing an additional 340 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new stake in shares of Carrier Global in the fourth quarter valued at $42,000. 91.00% of the stock is owned by institutional investors.

Carrier Global Stock Down 2.0 %

Shares of CARR traded down $1.18 during mid-day trading on Wednesday, hitting $59.29. 3,909,481 shares of the company's stock were exchanged, compared to its average volume of 4,519,262. The company has a 50-day simple moving average of $64.09 and a 200 day simple moving average of $70.04. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96. The company has a market cap of $51.23 billion, a PE ratio of 9.44, a P/E/G ratio of 2.01 and a beta of 1.33. Carrier Global Co. has a 52 week low of $53.33 and a 52 week high of $83.32.

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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, 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 in the prior year, the company earned $0.53 EPS. On average, research analysts forecast that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The company also recently declared 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. This represents a $0.90 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date is Friday, May 2nd. Carrier Global's dividend payout ratio is currently 14.33%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Carrier Global from $78.00 to $64.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Citigroup lowered their price target on shares of Carrier Global from $89.00 to $72.00 and set a "buy" rating for the company in a report on Monday. Barclays decreased their price objective on Carrier Global from $87.00 to $83.00 and set an "overweight" rating on the stock in a research report 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 on the stock in a research note on Monday, February 24th. Finally, Mizuho upgraded Carrier Global from a "neutral" rating to an "outperform" rating and set a $78.00 price objective for the company in a research report on Friday, February 14th. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Carrier Global has an average rating of "Moderate Buy" and an average price target 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.