Envestnet Asset Management Inc. Boosts Stock Position in Carrier Global Co. (NYSE:CARR)

Envestnet Asset Management Inc. increased its holdings in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 5.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,346,428 shares of the company's stock after purchasing an additional 126,318 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.26% of Carrier Global worth $160,167,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Dempze Nancy E increased its holdings in shares of Carrier Global by 20.5% in the 4th quarter. Dempze Nancy E now owns 37,482 shares of the company's stock worth $2,559,000 after buying an additional 6,372 shares during the last quarter. Resona Asset Management Co. Ltd. bought a new position in shares of Carrier Global during the 4th quarter worth $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 increased its holdings in Carrier Global by 17.7% during the fourth quarter. Kidder Stephen W now owns 84,190 shares of the company's stock valued at $5,747,000 after buying an additional 12,645 shares during the period. Finally, Somerville Kurt F increased its holdings 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 acquiring an additional 16,363 shares during the period. 91.00% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

A number of equities analysts have recently issued reports on CARR shares. Wells Fargo & Company reduced their price target on Carrier Global from $75.00 to $70.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 12th. Barclays cut their price target on Carrier Global from $87.00 to $83.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 26th. Citigroup cut their target price on shares of Carrier Global from $94.00 to $90.00 and set a "buy" rating for the company in a report on Monday, January 13th. Wolfe Research upgraded 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. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Carrier Global from $78.00 to $64.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Five investment 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 company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $81.33.

Carrier Global Trading Up 0.1 %

Shares of Carrier Global stock traded up $0.09 on Friday, reaching $59.14. The company had a trading volume of 7,161,217 shares, compared to its average volume of 4,508,964. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25. The firm has a market cap of $51.09 billion, a PE ratio of 9.42, a PEG ratio of 2.01 and a beta of 1.33. The firm's 50 day moving average price is $64.27 and its two-hundred day moving average price is $70.25. Carrier Global Co. has a 52-week low of $53.33 and a 52-week high of $83.32.

Carrier Global (NYSE:CARR - Get Free Report) last posted its earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) for the quarter, topping 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 business posted $0.53 EPS. Sell-side analysts predict that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Friday, May 2nd will be paid a dividend of $0.225 per share. The ex-dividend date is Friday, May 2nd. This represents a $0.90 annualized dividend and a yield of 1.52%. Carrier Global's payout ratio is 14.33%.

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.