Treasurer of the State of North Carolina Has $25.19 Million Stake in Carrier Global Co. (NYSE:CARR)

Treasurer of the State of North Carolina decreased its holdings in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 1.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 369,016 shares of the company's stock after selling 6,930 shares during the quarter. Treasurer of the State of North Carolina's holdings in Carrier Global were worth $25,189,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CARR. BOK Financial Private Wealth Inc. increased its position in Carrier Global by 80.0% during the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company's stock worth $25,000 after acquiring an additional 160 shares during the period. Ritter Daniher Financial Advisory LLC DE increased its holdings in shares of 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 purchasing an additional 180 shares during the period. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Carrier Global in the fourth quarter valued at approximately $31,000. Meeder Asset Management Inc. boosted its stake 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 buying an additional 340 shares during the period. Finally, Aster Capital Management DIFC Ltd acquired a new stake in Carrier Global during the fourth quarter worth approximately $42,000. 91.00% of the stock is owned by institutional investors.

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Carrier Global Trading Down 0.2 %

NYSE:CARR traded down $0.11 during mid-day trading on Tuesday, hitting $60.48. 4,339,264 shares of the company's stock were exchanged, compared to its average volume of 4,511,780. Carrier Global Co. has a fifty-two week low of $53.33 and a fifty-two week high of $83.32. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $52.26 billion, a P/E ratio of 9.63, a PEG ratio of 2.01 and a beta of 1.33. The company has a 50 day simple moving average of $64.19 and a 200-day simple moving average of $70.11.

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 net margin of 23.83% and a return on equity of 18.82%. During the same quarter last year, the firm earned $0.53 EPS. As a group, research analysts expect 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. Shareholders of record on Friday, May 2nd will be given a $0.225 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.49%. Carrier Global's dividend payout ratio (DPR) is presently 14.33%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CARR. Wolfe Research upgraded Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 target price for the company in a research report on Monday, February 24th. Barclays cut their price objective 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. Royal Bank of Canada decreased their target price on shares of Carrier Global from $86.00 to $76.00 and set an "outperform" rating on the stock in a report on Wednesday, February 12th. Wells Fargo & Company cut their price target on shares of Carrier Global from $75.00 to $70.00 and set an "equal weight" rating for the company in a report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. lowered their price objective 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, April 8th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $80.13.

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.