Carrier Global Co. (NYSE:CARR) Shares Bought by First Trust Advisors LP

First Trust Advisors LP raised its holdings in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 40.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,022,448 shares of the company's stock after purchasing an additional 292,623 shares during the period. First Trust Advisors LP owned 0.11% of Carrier Global worth $69,792,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. increased its holdings in Carrier Global by 1.1% during the fourth quarter. UMB Bank n.a. now owns 13,293 shares of the company's stock valued at $907,000 after buying an additional 143 shares during the period. Chicago Partners Investment Group LLC boosted its position in Carrier Global by 2.6% during the 4th quarter. Chicago Partners Investment Group LLC now owns 5,887 shares of the company's stock valued at $403,000 after acquiring an additional 147 shares in the last quarter. Hanson & Doremus Investment Management increased its holdings in shares of Carrier Global by 6.2% in the 4th quarter. Hanson & Doremus Investment Management now owns 2,572 shares of the company's stock valued at $176,000 after acquiring an additional 150 shares during the period. BOK Financial Private Wealth Inc. raised its position in shares of Carrier Global by 80.0% in the 4th quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company's stock worth $25,000 after acquiring an additional 160 shares in the last quarter. Finally, Garden State Investment Advisory Services LLC boosted its position in Carrier Global by 2.8% during the third quarter. Garden State Investment Advisory Services LLC now owns 5,950 shares of the company's stock valued at $480,000 after purchasing an additional 161 shares in the last quarter. Hedge funds and other institutional investors own 91.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on CARR. Barclays decreased their price target on shares of Carrier Global from $87.00 to $83.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. Mizuho raised shares of Carrier Global from a "neutral" rating to an "outperform" rating and set a $78.00 price target on the stock in a report 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 dropped their target price on Carrier Global from $86.00 to $76.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 12th. Finally, JPMorgan Chase & Co. decreased their price target on Carrier Global from $78.00 to $64.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Five investment 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. Based on data from MarketBeat, Carrier Global has an average rating of "Moderate Buy" and an average target price of $80.13.

Carrier Global Stock Performance

CARR stock traded up $1.69 during midday trading on Thursday, hitting $60.29. 4,664,851 shares of the stock traded hands, compared to its average volume of 4,522,917. The stock's fifty day simple moving average is $63.34 and its 200-day simple moving average is $69.10. The firm has a market cap of $52.09 billion, a P/E ratio of 9.60, a PEG ratio of 2.01 and a beta of 1.33. Carrier Global Co. has a 1-year low of $54.22 and a 1-year high of $83.32. 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 (NYSE:CARR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) for the quarter, topping 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 quarter in the prior year, the company earned $0.53 EPS. On average, analysts expect that Carrier Global Co. will post 2.99 earnings per share for the current year.

Carrier Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.49%. Carrier Global's dividend payout ratio is currently 14.33%.

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.