Dodge & Cox Has $976.52 Million Holdings in Carrier Global Co. (NYSE:CARR)

Dodge & Cox decreased its holdings in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 0.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,305,840 shares of the company's stock after selling 40,659 shares during the period. Dodge & Cox owned approximately 1.59% of Carrier Global worth $976,517,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. BOK Financial Private Wealth Inc. boosted 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 valued at $25,000 after acquiring an additional 160 shares in the last quarter. Ritter Daniher Financial Advisory LLC DE increased its position 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 worth $26,000 after purchasing an additional 180 shares during the period. Bradley & Co. Private Wealth Management LLC acquired a new position in Carrier Global during the 4th quarter worth approximately $31,000. Meeder Asset Management Inc. raised its stake in shares of Carrier Global by 236.1% during the 4th quarter. Meeder Asset Management Inc. now owns 484 shares of the company's stock worth $33,000 after buying an additional 340 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new stake in shares of Carrier Global in the 4th quarter valued at approximately $42,000. Hedge funds and other institutional investors own 91.00% of the company's stock.

Carrier Global Stock Performance

CARR traded up $0.68 during trading hours on Friday, hitting $59.87. 3,714,343 shares of the stock were exchanged, compared to its average volume of 4,533,080. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96. Carrier Global Co. has a 12 month low of $53.50 and a 12 month high of $83.32. The stock has a 50-day simple moving average of $63.76 and a 200-day simple moving average of $69.62. The stock has a market cap of $51.73 billion, a price-to-earnings ratio of 9.53, a price-to-earnings-growth ratio of 2.01 and a beta of 1.33.

Carrier Global (NYSE:CARR - Get Free Report) last posted its earnings results 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 firm earned $0.53 earnings per share. Analysts anticipate that Carrier Global Co. will post 2.99 earnings per share for the current year.

Carrier Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Friday, May 2nd will be given a dividend of $0.225 per share. The ex-dividend date is Friday, May 2nd. This represents a $0.90 annualized dividend and a dividend yield of 1.50%. Carrier Global's dividend payout ratio is presently 14.33%.

Wall Street Analyst Weigh In

Several research firms have issued reports on CARR. JPMorgan Chase & Co. cut their price objective on Carrier Global from $78.00 to $64.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Wells Fargo & Company reduced their price objective on shares of Carrier Global from $75.00 to $70.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 12th. Mizuho raised Carrier Global from a "neutral" rating to an "outperform" rating and set a $78.00 price target on the stock in a research note on Friday, February 14th. Barclays dropped their target price on shares of Carrier Global from $87.00 to $83.00 and set an "overweight" rating for the company in a report on Wednesday, March 26th. Finally, Wolfe Research raised Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 price objective on the stock in a research note on Monday, February 24th. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average 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.