Invesco Ltd. Has $345.20 Million Position in Carrier Global Co. (NYSE:CARR)

Invesco Ltd. boosted its position in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 40.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,057,148 shares of the company's stock after buying an additional 1,453,247 shares during the quarter. Invesco Ltd. owned approximately 0.56% of Carrier Global worth $345,201,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of Montreal Can lifted its position in Carrier Global by 6.1% during the 4th quarter. Bank of Montreal Can now owns 903,229 shares of the company's stock valued at $61,654,000 after purchasing an additional 52,028 shares during the period. Ritter Daniher Financial Advisory LLC DE boosted its stake in Carrier Global by 90.0% in the fourth 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 last quarter. Federated Hermes Inc. grew its holdings in Carrier Global by 62.8% during the 4th quarter. Federated Hermes Inc. now owns 4,069 shares of the company's stock worth $278,000 after acquiring an additional 1,570 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in shares of Carrier Global during the 4th quarter valued at $42,000. Finally, Ilmarinen Mutual Pension Insurance Co bought a new position in shares of Carrier Global in the 4th quarter worth $9,761,000. Institutional investors own 91.00% of the company's stock.

Analyst Ratings Changes

CARR has been the topic of a number of recent analyst reports. Citigroup reduced their target price on Carrier Global from $89.00 to $72.00 and set a "buy" rating on the stock in a report on Monday. Wolfe Research upgraded shares of 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 reduced their target price on Carrier Global from $87.00 to $83.00 and set an "overweight" rating on the stock in a report on Wednesday, March 26th. Wells Fargo & Company dropped 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. Finally, Mizuho upgraded shares of Carrier Global from a "neutral" rating to an "outperform" rating and set a $78.00 target price on the stock in a report on Friday, February 14th. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $80.13.

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Carrier Global Stock Up 0.2 %

CARR stock traded up $0.11 during mid-day trading on Tuesday, reaching $60.70. The company had a trading volume of 1,287,721 shares, compared to its average volume of 4,499,923. The company has a market capitalization of $52.44 billion, a price-to-earnings ratio of 9.67, a PEG ratio of 2.01 and a beta of 1.33. Carrier Global Co. has a 52 week low of $53.33 and a 52 week high of $83.32. The stock has a 50 day simple moving average of $64.19 and a two-hundred day simple moving average of $70.11. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96.

Carrier Global (NYSE:CARR - Get Free Report) last released its 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 period in the previous year, the firm earned $0.53 earnings per share. As a group, equities analysts predict that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Friday, May 2nd. This represents a $0.90 annualized dividend and a dividend yield of 1.48%. Carrier Global's dividend payout ratio 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.