ExodusPoint Capital Management LP Buys 132,749 Shares of Carrier Global Co. (NYSE:CARR)

ExodusPoint Capital Management LP lifted its holdings in Carrier Global Co. (NYSE:CARR - Free Report) by 90.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 279,577 shares of the company's stock after acquiring an additional 132,749 shares during the period. ExodusPoint Capital Management LP's holdings in Carrier Global were worth $19,084,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. BOK Financial Private Wealth Inc. grew its position in 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 during the last quarter. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Carrier Global in the 4th quarter valued at about $31,000. Meeder Asset Management Inc. boosted its holdings in 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 last quarter. Roxbury Financial LLC acquired a new stake in shares of Carrier Global during the fourth quarter worth $49,000. Finally, Centricity Wealth Management LLC acquired a new stake in Carrier Global during the 4th quarter worth about $49,000. Institutional investors and hedge funds own 91.00% of the company's stock.

Carrier Global Price Performance

CARR stock traded up $5.26 during mid-day trading on Wednesday, hitting $60.81. 8,775,266 shares of the stock were exchanged, compared to its average volume of 4,480,941. 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 stock has a market capitalization of $52.54 billion, a price-to-earnings ratio of 9.68, a PEG ratio of 2.01 and a beta of 1.33. The business has a fifty day moving average price of $64.44 and a 200 day moving average price of $70.60. Carrier Global Co. has a 12 month low of $53.33 and a 12 month high of $83.32.

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Carrier Global (NYSE:CARR - Get Free Report) last issued its earnings results on Tuesday, February 11th. The company reported $0.54 EPS for the quarter, topping analysts' consensus estimates 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 in the previous year, the firm posted $0.53 EPS. On average, sell-side analysts anticipate that Carrier Global Co. will post 2.99 EPS for the current year.

Carrier Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Friday, May 2nd will be issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 1.48%. Carrier Global's dividend payout ratio is currently 14.33%.

Analyst Ratings Changes

Several research firms have weighed in 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 note on Wednesday, March 26th. The Goldman Sachs Group initiated coverage on Carrier Global in a research report on Thursday, December 12th. They issued a "buy" rating and a $96.00 price objective on the stock. Wells Fargo & Company lowered their price target on shares of Carrier Global from $75.00 to $70.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 12th. Royal Bank of Canada dropped their price objective on shares of Carrier Global from $86.00 to $76.00 and set an "outperform" rating on the stock in a report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. cut their price target on Carrier Global from $78.00 to $64.00 and set an "overweight" rating for the company in a report on Tuesday. Five equities 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. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $81.33.

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.