Natixis Increases Holdings in Carrier Global Co. (NYSE:CARR)

Natixis increased its position in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 109.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 151,914 shares of the company's stock after purchasing an additional 79,239 shares during the quarter. Natixis' holdings in Carrier Global were worth $10,370,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. grew its position in Carrier Global by 1.1% during the fourth quarter. UMB Bank n.a. now owns 13,293 shares of the company's stock valued at $907,000 after buying an additional 143 shares during the period. Chicago Partners Investment Group LLC grew its holdings in Carrier Global by 2.6% during the fourth quarter. Chicago Partners Investment Group LLC now owns 5,887 shares of the company's stock valued at $403,000 after purchasing an additional 147 shares during the period. Hanson & Doremus Investment Management increased its holdings in Carrier Global by 6.2% in the 4th quarter. Hanson & Doremus Investment Management now owns 2,572 shares of the company's stock worth $176,000 after acquiring an additional 150 shares during the last quarter. BOK Financial Private Wealth Inc. increased its stake in shares of Carrier Global by 80.0% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company's stock worth $25,000 after purchasing an additional 160 shares in the last quarter. Finally, Garden State Investment Advisory Services LLC raised its position in shares of Carrier Global by 2.8% in the third quarter. Garden State Investment Advisory Services LLC now owns 5,950 shares of the company's stock valued at $480,000 after purchasing an additional 161 shares during the period. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CARR shares. Wolfe Research raised 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. Mizuho upgraded Carrier Global from a "neutral" rating to an "outperform" rating and set a $78.00 target price for the company in a research note on Friday, February 14th. Royal Bank of Canada decreased their price target 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. Citigroup reduced their price objective on shares of Carrier Global from $89.00 to $72.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, Barclays reduced their price target on shares of 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 issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $80.13.

Carrier Global Trading Up 2.9 %

NYSE:CARR traded up $1.69 during trading hours on Thursday, reaching $60.29. The company's stock had a trading volume of 4,664,851 shares, compared to its average volume of 4,525,572. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25. The firm has a market capitalization of $52.09 billion, a price-to-earnings ratio of 9.60, a PEG ratio of 2.01 and a beta of 1.33. The firm has a 50-day simple moving average of $63.44 and a 200-day simple moving average of $69.24. Carrier Global Co. has a 1 year low of $54.22 and a 1 year high of $83.32.

Carrier Global (NYSE:CARR - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.51 by $0.03. Carrier Global had a return on equity of 18.82% and a net margin of 23.83%. During the same period in the prior year, the company earned $0.53 EPS. Research analysts expect that Carrier Global Co. will post 2.99 EPS 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 issued a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Friday, May 2nd. Carrier Global's dividend payout ratio is 14.33%.

Carrier Global 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.