Carrier Global Co. (NYSE:CARR) Shares Bought by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC raised its position in Carrier Global Co. (NYSE:CARR - Free Report) by 78.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,997 shares of the company's stock after acquiring an additional 21,172 shares during the quarter. Tower Research Capital LLC TRC's holdings in Carrier Global were worth $3,276,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BOK Financial Private Wealth Inc. boosted its holdings in 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 purchasing an additional 160 shares in the last quarter. Ritter Daniher Financial Advisory LLC DE increased its position in Carrier Global by 90.0% during the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 380 shares of the company's stock worth $26,000 after buying an additional 180 shares during the period. Bradley & Co. Private Wealth Management LLC purchased a new stake in Carrier Global in the fourth quarter valued at approximately $31,000. Meeder Asset Management Inc. boosted its holdings in shares of Carrier Global by 236.1% in the fourth quarter. Meeder Asset Management Inc. now owns 484 shares of the company's stock valued at $33,000 after acquiring an additional 340 shares during the period. Finally, Transce3nd LLC purchased a new stake in shares of Carrier Global in the fourth quarter valued at about $37,000. Institutional investors and hedge funds own 91.00% of the company's stock.

Carrier Global Trading Up 2.9 %

CARR stock traded up $1.69 on Thursday, hitting $60.29. 4,664,851 shares of the company were exchanged, compared to its average volume of 4,522,917. Carrier Global Co. has a twelve month low of $54.22 and a twelve month high of $83.32. The business's fifty day moving average is $63.34 and its two-hundred day moving average is $69.10. The stock has a market capitalization 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. 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 (NYSE:CARR - Get Free Report) last issued its earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share for the quarter, beating 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 period in the previous year, the company earned $0.53 EPS. As a group, research analysts forecast that Carrier Global Co. will post 2.99 earnings per share for the current year.

Carrier Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Friday, May 2nd will be given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 1.49%. The ex-dividend date is Friday, May 2nd. Carrier Global's dividend payout ratio (DPR) is presently 14.33%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Citigroup cut their price target on Carrier Global from $89.00 to $72.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Wolfe Research upgraded 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. Royal Bank of Canada reduced their target price on Carrier Global from $86.00 to $76.00 and set an "outperform" rating for the company in a report on Wednesday, February 12th. JPMorgan Chase & Co. decreased their price objective on shares of Carrier Global from $78.00 to $64.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Finally, Barclays reduced 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. 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. According to MarketBeat.com, Carrier Global has an average rating of "Moderate Buy" and a consensus target price of $80.13.

Carrier Global Company 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.