J. Safra Sarasin Holding AG Boosts Holdings in Carrier Global Co. (NYSE:CARR)

J. Safra Sarasin Holding AG lifted its stake in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 10.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 407,412 shares of the company's stock after purchasing an additional 40,002 shares during the quarter. J. Safra Sarasin Holding AG's holdings in Carrier Global were worth $27,810,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in CARR. Geode Capital Management LLC increased its holdings in shares of Carrier Global by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 17,357,770 shares of the company's stock worth $1,181,300,000 after buying an additional 420,081 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of Carrier Global by 0.3% during the fourth quarter. Fisher Asset Management LLC now owns 14,313,331 shares of the company's stock valued at $977,028,000 after purchasing an additional 46,222 shares in the last quarter. Norges Bank bought a new stake in shares of Carrier Global during the fourth quarter worth about $588,029,000. Pictet Asset Management Holding SA increased its stake in shares of Carrier Global by 2.1% in the fourth quarter. Pictet Asset Management Holding SA now owns 6,080,842 shares of the company's stock valued at $415,078,000 after buying an additional 126,174 shares during the period. Finally, Invesco Ltd. raised its holdings in Carrier Global by 40.3% in the 4th quarter. Invesco Ltd. now owns 5,057,148 shares of the company's stock valued at $345,201,000 after buying an additional 1,453,247 shares during the last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Carrier Global Stock Up 2.9 %

Shares of NYSE:CARR traded up $1.69 during trading on Thursday, reaching $60.29. 4,664,851 shares of the stock were exchanged, compared to its average volume of 4,522,917. The stock has a fifty day moving average of $63.44 and a two-hundred day moving average of $69.24. Carrier Global Co. has a 1-year low of $54.22 and a 1-year high of $83.32. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96. The firm has a market cap of $52.09 billion, a price-to-earnings ratio of 9.60, a price-to-earnings-growth ratio of 2.01 and a beta of 1.33.

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

Carrier Global Announces Dividend

The company 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 $0.225 dividend. The ex-dividend date is Friday, May 2nd. This represents a $0.90 annualized dividend and a dividend yield of 1.49%. Carrier Global's payout ratio is 14.33%.

Analyst Ratings Changes

CARR has been the topic of a number of research reports. Wells Fargo & Company reduced their target price on shares of Carrier Global from $75.00 to $70.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 12th. 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 research note on Friday, February 14th. Citigroup lowered their target price on Carrier Global from $89.00 to $72.00 and set a "buy" rating for the company in a research report on Monday, April 14th. JPMorgan Chase & Co. reduced their price target on Carrier Global from $78.00 to $64.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Finally, Barclays lowered their price objective on Carrier Global from $87.00 to $83.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. Five equities research 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 company's stock. Based on data from MarketBeat, the stock presently 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.