5,190 Shares in Carrier Global Co. (NYSE:CARR) Acquired by Heritage Trust Co

Heritage Trust Co acquired a new position in shares of 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 acquired 5,190 shares of the company's stock, valued at approximately $354,000.

Several other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in Carrier Global in the 4th quarter valued at about $588,029,000. Wealthfront Advisers LLC increased its position in shares of Carrier Global by 5,840.1% during the fourth quarter. Wealthfront Advisers LLC now owns 5,000,000 shares of the company's stock valued at $341,300,000 after acquiring an additional 4,915,826 shares during the last quarter. Artisan Partners Limited Partnership purchased a new position in Carrier Global in the fourth quarter worth $166,061,000. Raymond James Financial Inc. bought a new position in Carrier Global in the 4th quarter valued at $108,433,000. Finally, Invesco Ltd. increased its position in shares of Carrier Global by 40.3% during the 4th quarter. Invesco Ltd. now owns 5,057,148 shares of the company's stock valued at $345,201,000 after purchasing an additional 1,453,247 shares during the last quarter. Institutional investors own 91.00% of the company's stock.

Carrier Global Price Performance

NYSE:CARR traded down $0.11 during mid-day trading on Tuesday, reaching $60.48. The stock had a trading volume of 4,390,677 shares, compared to its average volume of 4,516,315. The stock has a market capitalization of $52.26 billion, a P/E ratio of 9.63, a P/E/G ratio of 2.01 and a beta of 1.33. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25. Carrier Global Co. has a one year low of $53.33 and a one year high of $83.32. The firm has a 50 day moving average price of $64.19 and a two-hundred day moving average price of $70.11.

Remove Ads

Carrier Global (NYSE:CARR - Get Free Report) last issued 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 net margin of 23.83% and a return on equity of 18.82%. During the same period in the previous year, the business earned $0.53 EPS. As a group, analysts expect that Carrier Global Co. will post 2.99 earnings per share for the current year.

Carrier Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Friday, May 2nd will be paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend is Friday, May 2nd. Carrier Global's payout ratio is 14.33%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CARR. JPMorgan Chase & Co. dropped their target price 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, April 8th. Wells Fargo & Company lowered 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 price objective for the company in a report on Monday, February 24th. Barclays dropped their price objective on shares of Carrier Global from $87.00 to $83.00 and set an "overweight" rating on the stock in a report on Wednesday, March 26th. Finally, Citigroup lowered their price target on shares of Carrier Global from $89.00 to $72.00 and set a "buy" rating on the stock in a research report on Monday. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus 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.