Russell Investments Group Ltd. Purchases 280,843 Shares of Carrier Global Co. (NYSE:CARR)

Russell Investments Group Ltd. increased its holdings in Carrier Global Co. (NYSE:CARR - Free Report) by 19.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,748,963 shares of the company's stock after purchasing an additional 280,843 shares during the quarter. Russell Investments Group Ltd. owned 0.19% of Carrier Global worth $119,377,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. BOK Financial Private Wealth Inc. increased its holdings 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 valued at $25,000 after buying an additional 160 shares in the last quarter. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Carrier Global in the 4th quarter valued at $31,000. Meeder Asset Management Inc. raised its holdings in Carrier Global by 236.1% during the 4th quarter. Meeder Asset Management Inc. now owns 484 shares of the company's stock worth $33,000 after buying an additional 340 shares during the period. Roxbury Financial LLC acquired a new stake in Carrier Global during the 4th quarter worth about $49,000. Finally, Centricity Wealth Management LLC acquired a new position in shares of Carrier Global in the fourth quarter worth about $49,000. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global Stock Performance

CARR traded up $0.19 during trading on Friday, hitting $59.24. The stock had a trading volume of 2,139,684 shares, compared to its average volume of 4,488,241. The firm has a market cap of $51.18 billion, a PE ratio of 9.42, a P/E/G ratio of 2.01 and a beta of 1.33. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77. Carrier Global Co. has a 12 month low of $53.33 and a 12 month high of $83.32. The company has a 50 day simple moving average of $64.36 and a 200-day simple moving average of $70.46.

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 quarter in the previous year, the firm posted $0.53 earnings per share. Analysts expect that Carrier Global Co. will post 2.99 EPS for the current year.

Carrier Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Friday, May 2nd will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 1.52%. The ex-dividend date is Friday, May 2nd. Carrier Global's payout ratio is currently 14.33%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Barclays cut their target price on shares of Carrier Global from $87.00 to $83.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 26th. JPMorgan Chase & Co. reduced their price target on shares of Carrier Global from $78.00 to $64.00 and set an "overweight" rating for the company in a research report on Tuesday. Citigroup lowered their price objective on shares of Carrier Global from $94.00 to $90.00 and set a "buy" rating on the stock in a research report on Monday, January 13th. The Goldman Sachs Group started coverage on shares of Carrier Global in a research note on Thursday, December 12th. They set a "buy" rating and a $96.00 target price for the company. Finally, Wolfe Research raised shares of Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 price target on the stock in a research note on Monday, February 24th. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $81.33.

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.