NewEdge Advisors LLC Has $2.78 Million Holdings in Carrier Global Co. (NYSE:CARR)

NewEdge Advisors LLC lifted its holdings in Carrier Global Co. (NYSE:CARR - Free Report) by 12.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,714 shares of the company's stock after buying an additional 4,525 shares during the quarter. NewEdge Advisors LLC's holdings in Carrier Global were worth $2,779,000 as of its most recent SEC filing.

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

Carrier Global Stock Performance

Shares of NYSE CARR traded down $0.26 during trading hours on Friday, hitting $60.05. 3,862,616 shares of the company's stock were exchanged, compared to its average volume of 4,497,722. The stock has a market capitalization of $51.88 billion, a price-to-earnings ratio of 9.56, a PEG ratio of 2.01 and a beta of 1.33. The company's 50-day moving average price is $63.21 and its 200-day moving average price is $68.96. 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 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 issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 EPS for the quarter, topping analysts' consensus estimates 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 quarter last year, the firm earned $0.53 earnings per share. On average, sell-side analysts expect that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Friday, May 2nd will be given a $0.225 dividend. The ex-dividend date is Friday, May 2nd. This represents a $0.90 annualized dividend and a yield of 1.50%. Carrier Global's dividend payout ratio is 14.33%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Citigroup cut their price objective on shares of Carrier Global from $89.00 to $72.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Barclays cut their price objective on Carrier Global from $87.00 to $83.00 and set an "overweight" rating for the company in a report on Wednesday, March 26th. JPMorgan Chase & Co. lowered their target price on 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 cut their price target on Carrier Global from $75.00 to $70.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 12th. Finally, Royal Bank of Canada lowered their price target on Carrier Global from $86.00 to $76.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th. Five 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 stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $79.73.

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.