Delaney Dennis R Purchases 6,114 Shares of Carrier Global Co. (NYSE:CARR)

Delaney Dennis R boosted its holdings in Carrier Global Co. (NYSE:CARR - Free Report) by 16.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 44,080 shares of the company's stock after purchasing an additional 6,114 shares during the period. Carrier Global comprises 1.6% of Delaney Dennis R's portfolio, making the stock its 26th largest position. Delaney Dennis R's holdings in Carrier Global were worth $3,009,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. BOK Financial Private Wealth Inc. grew its position in shares of Carrier Global by 80.0% during the 4th quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company's stock valued at $25,000 after buying an additional 160 shares during the last quarter. Ritter Daniher Financial Advisory LLC DE grew its position in Carrier Global by 90.0% in 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 last quarter. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Carrier Global in the fourth quarter valued at approximately $31,000. Meeder Asset Management Inc. boosted its position 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 buying an additional 340 shares during the period. Finally, Aster Capital Management DIFC Ltd bought a new stake in shares of Carrier Global during the fourth quarter valued at about $42,000. 91.00% of the stock is currently owned by institutional investors.

Carrier Global Stock Performance

Shares of CARR stock traded up $0.68 during trading on Friday, reaching $59.87. 3,714,343 shares of the company's stock were exchanged, compared to its average volume of 4,523,468. The company has a quick ratio of 0.96, a current ratio of 1.25 and a debt-to-equity ratio of 0.77. The firm's fifty day moving average price is $63.87 and its 200-day moving average price is $69.82. Carrier Global Co. has a twelve month low of $53.33 and a twelve month high of $83.32. The stock has a market capitalization of $51.73 billion, a PE ratio of 9.53, a PEG ratio of 2.01 and a beta of 1.33.

Carrier Global (NYSE:CARR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 earnings per share 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 previous year, the business earned $0.53 earnings per share. As a group, sell-side analysts anticipate that Carrier Global Co. will post 2.99 EPS for the current year.

Carrier Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Friday, May 2nd will be issued a $0.225 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $0.90 dividend on an annualized basis and a yield of 1.50%. Carrier Global's dividend payout ratio (DPR) is presently 14.33%.

Analyst Ratings Changes

CARR has been the subject of a number of research reports. Wells Fargo & Company reduced their target price on shares of Carrier Global from $75.00 to $70.00 and set an "equal weight" rating for the company in a report on Wednesday, February 12th. Mizuho upgraded Carrier Global from a "neutral" rating to an "outperform" rating and set a $78.00 price objective on the stock in a report on Friday, February 14th. JPMorgan Chase & Co. lowered their price objective on Carrier Global from $78.00 to $64.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Barclays reduced their target price on 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 shares of Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 price target on the stock in a research report on Monday, February 24th. Five 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 company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price 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.