O Shaughnessy Asset Management LLC boosted its position in Carrier Global Co. (NYSE:CARR – Get Rating) by 12.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,760 shares of the company’s stock after acquiring an additional 1,781 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Carrier Global were worth $650,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Nuveen Asset Management LLC lifted its holdings in shares of Carrier Global by 3.4% in the third quarter. Nuveen Asset Management LLC now owns 17,108,963 shares of the company’s stock valued at $608,395,000 after purchasing an additional 558,801 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Carrier Global by 0.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,462,760 shares of the company’s stock worth $307,872,000 after acquiring an additional 67,877 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Carrier Global by 126.0% in the first quarter. Renaissance Technologies LLC now owns 5,306,931 shares of the company’s stock valued at $243,429,000 after purchasing an additional 2,958,400 shares during the last quarter. Fisher Asset Management LLC lifted its stake in Carrier Global by 6.5% in the fourth quarter. Fisher Asset Management LLC now owns 5,197,656 shares of the company’s stock valued at $214,403,000 after purchasing an additional 315,297 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in Carrier Global by 59.5% in the first quarter. Invesco Ltd. now owns 4,948,588 shares of the company’s stock valued at $226,992,000 after purchasing an additional 1,845,419 shares during the last quarter. Institutional investors own 85.21% of the company’s stock.
Analyst Ratings Changes
A number of research firms have recently commented on CARR. Mizuho reaffirmed a “buy” rating and issued a $53.00 price target on shares of Carrier Global in a report on Wednesday, February 8th. Citigroup lifted their price target on Carrier Global from $45.00 to $48.00 and gave the company a “neutral” rating in a research report on Thursday, February 9th. Argus lifted their price target on Carrier Global from $50.00 to $52.00 in a research report on Tuesday, February 14th. 92 Resources reiterated a “maintains” rating on shares of Carrier Global in a research report on Monday, May 1st. Finally, Oppenheimer initiated coverage on shares of Carrier Global in a report on Monday, March 27th. They issued an “outperform” rating and a $51.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $49.07.
Insider Transactions at Carrier Global
Carrier Global Trading Down 0.8 %
CARR stock opened at $40.89 on Monday. The company has a market capitalization of $34.14 billion, a PE ratio of 13.81, a price-to-earnings-growth ratio of 1.56 and a beta of 1.32. Carrier Global Co. has a one year low of $33.10 and a one year high of $49.17. The company’s 50 day moving average price is $43.12 and its two-hundred day moving average price is $43.74. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.23 and a current ratio of 1.70.
Carrier Global (NYSE:CARR – Get Rating) last posted its quarterly earnings results on Tuesday, April 25th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.49 by $0.03. Carrier Global had a net margin of 12.02% and a return on equity of 25.56%. The firm had revenue of $5.27 billion for the quarter, compared to the consensus estimate of $5.05 billion. During the same period last year, the firm posted $0.54 earnings per share. The business’s revenue was up 13.3% compared to the same quarter last year. As a group, analysts predict that Carrier Global Co. will post 2.57 earnings per share for the current fiscal year.
Carrier Global Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, May 24th. Stockholders of record on Friday, May 5th were issued a $0.185 dividend. This represents a $0.74 annualized dividend and a dividend yield of 1.81%. The ex-dividend date was Thursday, May 4th. Carrier Global’s dividend payout ratio is 25.00%.
Carrier Global Company Profile
Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies worldwide. It operates through three segments: HVAC, Refrigeration, and Fire & Security. The HVAC segment provides products, controls, services, and solutions to meet the heating, cooling, and ventilation needs of residential and commercial customers.
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