Fmr LLC Has $538.19 Million Stake in Carrier Global Co. (NYSE:CARR)

FMR LLC trimmed its holdings in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 9.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,884,392 shares of the company's stock after selling 844,681 shares during the period. FMR LLC owned 0.88% of Carrier Global worth $538,189,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CARR. Morse Asset Management Inc purchased a new position in Carrier Global in the 3rd quarter valued at about $201,000. Wellington Management Group LLP boosted its holdings in shares of Carrier Global by 761.6% in the 3rd quarter. Wellington Management Group LLP now owns 45,064 shares of the company's stock valued at $3,627,000 after buying an additional 39,834 shares during the period. Kovitz Investment Group Partners LLC grew its holdings in shares of Carrier Global by 103.9% during the third quarter. Kovitz Investment Group Partners LLC now owns 36,247 shares of the company's stock valued at $2,918,000 after purchasing an additional 18,474 shares during the last quarter. EP Wealth Advisors LLC grew its stake in Carrier Global by 48.8% during the 3rd quarter. EP Wealth Advisors LLC now owns 21,708 shares of the company's stock worth $1,747,000 after buying an additional 7,119 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its holdings in shares of Carrier Global by 7.0% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 238,988 shares of the company's stock worth $19,236,000 after acquiring an additional 15,609 shares during the period. 91.00% of the stock is owned by institutional investors and hedge funds.

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Carrier Global Stock Up 2.0 %

NYSE CARR traded up $1.18 during trading on Monday, reaching $60.44. 1,159,280 shares of the company's stock were exchanged, compared to its average volume of 4,496,159. The company's fifty day simple moving average is $64.27 and its 200-day simple moving average is $70.25. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $52.22 billion, a PE ratio of 9.62, a P/E/G ratio of 2.01 and a beta of 1.33. Carrier Global Co. has a fifty-two week low of $53.33 and a fifty-two week high of $83.32.

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

Carrier Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Friday, May 2nd will be issued 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 1.49%. Carrier Global's dividend payout ratio (DPR) is currently 14.33%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Wells Fargo & Company cut their target price on Carrier Global from $75.00 to $70.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 12th. Wolfe Research raised Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 target price on the stock in a report on Monday, February 24th. Barclays decreased their price target on Carrier Global from $87.00 to $83.00 and set an "overweight" rating for the company in a research note on Wednesday, March 26th. Citigroup dropped their price objective on Carrier Global from $94.00 to $90.00 and set a "buy" rating on the stock in a research note on Monday, January 13th. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $81.33.

About Carrier Global

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.