Dempze Nancy E Has $2.56 Million Stake in Carrier Global Co. (NYSE:CARR)

Dempze Nancy E boosted its holdings in Carrier Global Co. (NYSE:CARR - Free Report) by 20.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 37,482 shares of the company's stock after buying an additional 6,372 shares during the period. Carrier Global makes up about 1.5% of Dempze Nancy E's investment portfolio, making the stock its 26th largest position. Dempze Nancy E's holdings in Carrier Global were worth $2,559,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Resona Asset Management Co. Ltd. purchased a new position in Carrier Global in the fourth quarter valued at about $16,667,000. Notis McConarty Edward grew its holdings in Carrier Global by 9.1% during the 4th quarter. Notis McConarty Edward now owns 47,260 shares of the company's stock worth $3,226,000 after acquiring an additional 3,935 shares in the last quarter. Kidder Stephen W grew its holdings in Carrier Global by 17.7% during the 4th quarter. Kidder Stephen W now owns 84,190 shares of the company's stock worth $5,747,000 after acquiring an additional 12,645 shares in the last quarter. Somerville Kurt F raised its stake in shares of Carrier Global by 12.5% in the 4th quarter. Somerville Kurt F now owns 147,645 shares of the company's stock valued at $10,078,000 after purchasing an additional 16,363 shares in the last quarter. Finally, First Western Trust Bank lifted its position in shares of Carrier Global by 30.5% during the fourth quarter. First Western Trust Bank now owns 9,972 shares of the company's stock worth $681,000 after purchasing an additional 2,330 shares during the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.

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Carrier Global Stock Performance

Shares of NYSE CARR traded down $2.70 during mid-day trading on Thursday, reaching $58.07. 2,731,779 shares of the company were exchanged, compared to its average volume of 4,474,862. The stock has a market capitalization of $50.18 billion, a P/E ratio of 9.20, a P/E/G ratio of 2.01 and a beta of 1.33. 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 company's 50-day simple moving average is $64.44 and its 200-day simple moving average is $70.60. Carrier Global Co. has a twelve month low of $53.33 and a twelve month high of $83.32.

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

Carrier Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Friday, May 2nd will be paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 1.55%. Carrier Global's dividend payout ratio (DPR) is 14.33%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Wolfe Research raised shares of Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 price objective for the company in a research report on Monday, February 24th. Wells Fargo & Company lowered their price objective on 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 upgraded shares of Carrier Global from a "neutral" rating to an "outperform" rating and set a $78.00 price target for the company in a research report on Friday, February 14th. JPMorgan Chase & Co. cut their price objective on shares of Carrier Global from $78.00 to $64.00 and set an "overweight" rating on the stock in a research report on Tuesday. Finally, The Goldman Sachs Group assumed coverage on shares of Carrier Global in a research report on Thursday, December 12th. They issued a "buy" rating and a $96.00 target price for the company. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average 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.