Fjarde AP Fonden Fourth Swedish National Pension Fund Has $9.15 Million Stock Holdings in Carrier Global Co. (NYSE:CARR)

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in Carrier Global Co. (NYSE:CARR - Free Report) by 3.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 133,989 shares of the company's stock after purchasing an additional 4,800 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Carrier Global were worth $9,146,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Howard Capital Management Inc. increased its holdings in shares of Carrier Global by 5.4% in the 4th quarter. Howard Capital Management Inc. now owns 5,635 shares of the company's stock worth $385,000 after buying an additional 288 shares during the last quarter. Wealthspire Advisors LLC boosted its holdings in shares of Carrier Global by 3.7% in the 4th quarter. Wealthspire Advisors LLC now owns 4,473 shares of the company's stock worth $305,000 after purchasing an additional 161 shares in the last quarter. TCW Group Inc. increased its position in shares of Carrier Global by 2.6% during the 4th quarter. TCW Group Inc. now owns 11,780 shares of the company's stock valued at $804,000 after purchasing an additional 299 shares during the last quarter. Sigma Planning Corp raised its holdings in shares of Carrier Global by 1.5% during the 4th quarter. Sigma Planning Corp now owns 12,923 shares of the company's stock valued at $882,000 after buying an additional 194 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC lifted its position in Carrier Global by 4.5% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 4,341 shares of the company's stock worth $296,000 after buying an additional 188 shares during the last quarter. Hedge funds and other institutional investors own 91.00% of the company's stock.

Carrier Global Stock Down 3.1 %

NYSE:CARR traded down $2.06 during mid-day trading on Thursday, hitting $64.04. The stock had a trading volume of 4,530,277 shares, compared to its average volume of 6,007,246. The stock has a 50-day simple moving average of $67.28 and a two-hundred day simple moving average of $72.38. The company has a market capitalization of $55.61 billion, a PE ratio of 10.20, a PEG ratio of 2.01 and a beta of 1.35. Carrier Global Co. has a twelve month low of $53.33 and a twelve month high of $83.32. 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 (NYSE:CARR - Get Free Report) last issued its quarterly earnings data 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 quarter in the prior year, the company posted $0.53 EPS. On average, equities research analysts anticipate that Carrier Global Co. will post 2.99 EPS for the current year.

Carrier Global Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, December 20th were paid a $0.225 dividend. This is a positive change from Carrier Global's previous quarterly dividend of $0.19. This represents a $0.90 annualized dividend and a yield of 1.41%. The ex-dividend date was Friday, December 20th. Carrier Global's dividend payout ratio is presently 14.33%.

Analysts Set New Price Targets

CARR has been the topic of several research reports. JPMorgan Chase & Co. decreased their price target on shares of Carrier Global from $83.00 to $77.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 15th. UBS Group raised Carrier Global from a "neutral" rating to a "buy" rating and set a $94.00 target price for the company in a research note on Wednesday, November 13th. Barclays reduced their target price on Carrier Global from $90.00 to $87.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 12th. Royal Bank of Canada lowered their price objective on 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, Mizuho raised Carrier Global from a "neutral" rating to an "outperform" rating and set a $78.00 target price for the company in a research report on Friday, February 14th. Six investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $82.47.

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.