Resona Asset Management Co. Ltd. bought a new position in shares of Carrier Global Co. (NYSE:CARR - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 243,828 shares of the company's stock, valued at approximately $16,667,000.
Several other hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Carrier Global in the fourth quarter worth $588,029,000. Wealthfront Advisers LLC boosted its holdings in shares of Carrier Global by 5,840.1% in the 4th quarter. Wealthfront Advisers LLC now owns 5,000,000 shares of the company's stock valued at $341,300,000 after purchasing an additional 4,915,826 shares in the last quarter. Artisan Partners Limited Partnership acquired a new stake in Carrier Global in the fourth quarter valued at about $166,061,000. Zurich Insurance Group Ltd FI acquired a new stake in shares of Carrier Global in the 3rd quarter valued at approximately $130,479,000. Finally, Raymond James Financial Inc. bought a new position in Carrier Global in the 4th quarter valued at approximately $108,433,000. 91.00% of the stock is owned by institutional investors and hedge funds.
Carrier Global Stock Performance
Shares of Carrier Global stock traded down $0.63 during mid-day trading on Friday, hitting $58.42. 1,653,044 shares of the stock were exchanged, compared to its average volume of 4,486,091. The company has a market capitalization of $50.48 billion, a P/E ratio of 9.32, 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. The company has a 50-day simple moving average of $64.36 and a 200 day simple moving average of $70.46. Carrier Global Co. has a 12 month low of $53.33 and a 12 month high of $83.32.
Carrier Global (NYSE:CARR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 earnings per share 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 previous year, the company earned $0.53 EPS. Sell-side analysts anticipate that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.
Carrier Global Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Friday, May 2nd will be issued a dividend of $0.225 per share. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $0.90 dividend on an annualized basis and a yield of 1.54%. Carrier Global's dividend payout ratio (DPR) is presently 14.33%.
Analyst Upgrades and Downgrades
CARR has been the topic of a number of research reports. Mizuho upgraded Carrier Global from a "neutral" rating to an "outperform" rating and set a $78.00 price objective on the stock in a research report on Friday, February 14th. JPMorgan Chase & Co. reduced their price objective 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. The Goldman Sachs Group began coverage on Carrier Global in a research report on Thursday, December 12th. They set a "buy" rating and a $96.00 target price for the company. Wells Fargo & Company decreased 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, Citigroup lowered their price objective on Carrier Global from $94.00 to $90.00 and set a "buy" rating for the company in a research report on Monday, January 13th. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $81.33.
Check Out Our Latest Stock Analysis on CARR
About Carrier Global
(
Free Report)
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.
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