Hemenway Trust Co LLC Has $22.44 Million Position in Carrier Global Co. (NYSE:CARR)

Hemenway Trust Co LLC grew its stake in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 14.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 328,789 shares of the company's stock after acquiring an additional 40,766 shares during the period. Carrier Global comprises approximately 1.8% of Hemenway Trust Co LLC's investment portfolio, making the stock its 24th biggest holding. Hemenway Trust Co LLC's holdings in Carrier Global were worth $22,443,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of CARR. Norges Bank bought a new stake in Carrier Global during the 4th quarter valued at $588,029,000. Wealthfront Advisers LLC boosted its holdings in Carrier Global by 5,840.1% in the fourth quarter. Wealthfront Advisers LLC now owns 5,000,000 shares of the company's stock valued at $341,300,000 after purchasing an additional 4,915,826 shares during the last quarter. Artisan Partners Limited Partnership purchased a new position in shares of Carrier Global during the 4th quarter valued at approximately $166,061,000. Zurich Insurance Group Ltd FI purchased a new stake in shares of Carrier Global in the third quarter valued at approximately $130,479,000. Finally, Raymond James Financial Inc. purchased a new stake in Carrier Global during the 4th quarter worth approximately $108,433,000. Institutional investors own 91.00% of the company's stock.

Analysts Set New Price Targets

CARR has been the subject of several recent analyst reports. The Goldman Sachs Group assumed coverage on shares of Carrier Global in a research report on Thursday, December 12th. They set a "buy" rating and a $96.00 price objective for the company. JPMorgan Chase & Co. cut their price target on shares of Carrier Global from $78.00 to $64.00 and set an "overweight" rating on the stock in a research note on Tuesday. Citigroup dropped their target price on Carrier Global from $94.00 to $90.00 and set a "buy" rating on the stock in a report on Monday, January 13th. Mizuho raised shares of Carrier Global from a "neutral" rating to an "outperform" rating and set a $78.00 price target on the stock in a research note on Friday, February 14th. Finally, Wells Fargo & Company decreased their target price 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. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $81.33.

Remove Ads

Carrier Global Trading Down 2.5 %

Shares of NYSE CARR traded down $1.54 during mid-day trading on Thursday, hitting $59.23. 3,569,984 shares of the company traded hands, compared to its average volume of 4,478,258. Carrier Global Co. has a 1 year low of $53.33 and a 1 year high of $83.32. The business has a 50 day moving average of $64.44 and a two-hundred day moving average of $70.60. 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 stock has a market capitalization of $51.17 billion, a price-to-earnings ratio of 9.35, a PEG ratio of 2.01 and a beta of 1.33.

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 (EPS) for the quarter, topping analysts' consensus estimates 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 period last year, the business earned $0.53 earnings per share. On average, sell-side analysts anticipate that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders 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 1.52%. Carrier Global's dividend payout ratio (DPR) is presently 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.