GKV Capital Management Co. Inc. Invests $446,000 in Carrier Global Co. (NYSE:CARR)

GKV Capital Management Co. Inc. purchased a new position in Carrier Global Co. (NYSE:CARR - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 6,531 shares of the company's stock, valued at approximately $446,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BOK Financial Private Wealth Inc. lifted its holdings in shares of Carrier Global by 80.0% during the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company's stock valued at $25,000 after purchasing an additional 160 shares in the last quarter. Ritter Daniher Financial Advisory LLC DE lifted its stake in Carrier Global by 90.0% during the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 380 shares of the company's stock valued at $26,000 after acquiring an additional 180 shares during the period. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of Carrier Global during the 4th quarter valued at about $31,000. Meeder Asset Management Inc. grew its stake in shares of Carrier Global by 236.1% in the fourth quarter. Meeder Asset Management Inc. now owns 484 shares of the company's stock worth $33,000 after acquiring an additional 340 shares during the period. Finally, Aster Capital Management DIFC Ltd purchased a new position in shares of Carrier Global during the fourth quarter valued at approximately $42,000. Institutional investors own 91.00% of the company's stock.

Carrier Global Trading Up 2.4 %

Shares of NYSE CARR traded up $1.39 during mid-day trading on Tuesday, reaching $59.57. The company had a trading volume of 1,005,164 shares, compared to its average volume of 4,519,616. Carrier Global Co. has a 52 week low of $53.50 and a 52 week high of $83.32. The business's 50-day moving average is $63.65 and its 200-day moving average is $69.38. The stock has a market cap of $51.47 billion, a price-to-earnings ratio of 9.50, a price-to-earnings-growth ratio of 2.01 and a beta of 1.33. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77.

Carrier Global (NYSE:CARR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share for the quarter, beating 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 prior year, the firm earned $0.53 earnings per share. Equities analysts expect that Carrier Global Co. will post 2.99 earnings per share for the current year.

Carrier Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders 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 annualized dividend and a dividend yield of 1.51%. Carrier Global's dividend payout ratio is currently 14.33%.

Analyst Ratings Changes

Several analysts recently commented on the company. JPMorgan Chase & Co. cut their price objective on Carrier Global from $78.00 to $64.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Mizuho raised shares of 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. Wells Fargo & Company decreased 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 research report on Wednesday, February 12th. Royal Bank of Canada lowered their target price on Carrier Global from $86.00 to $76.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 12th. 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 report on Monday, February 24th. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $80.13.

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.