4,281 Shares in Carrier Global Co. (NYSE:CARR) Acquired by Capital Advantage Inc.

Capital Advantage Inc. purchased a new stake in shares of Carrier Global Co. (NYSE:CARR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 4,281 shares of the company's stock, valued at approximately $292,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. UMB Bank n.a. grew its stake in shares of Carrier Global by 1.1% during the 4th quarter. UMB Bank n.a. now owns 13,293 shares of the company's stock valued at $907,000 after purchasing an additional 143 shares during the period. Chicago Partners Investment Group LLC lifted its stake in shares of Carrier Global by 2.6% during the 4th quarter. Chicago Partners Investment Group LLC now owns 5,887 shares of the company's stock valued at $403,000 after buying an additional 147 shares in the last quarter. Hanson & Doremus Investment Management increased its stake in Carrier Global by 6.2% in the 4th quarter. Hanson & Doremus Investment Management now owns 2,572 shares of the company's stock worth $176,000 after buying an additional 150 shares in the last quarter. Syon Capital LLC raised its holdings in Carrier Global by 2.2% during the fourth quarter. Syon Capital LLC now owns 7,089 shares of the company's stock valued at $484,000 after acquiring an additional 155 shares during the period. Finally, BOK Financial Private Wealth Inc. lifted its position 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 acquiring an additional 160 shares in the last quarter. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Carrier Global Trading Down 0.9 %

CARR stock opened at $70.18 on Wednesday. Carrier Global Co. has a 12 month low of $54.22 and a 12 month high of $83.32. The firm's 50-day moving average is $63.28 and its 200 day moving average is $68.15. The company has a market capitalization of $60.63 billion, a PE ratio of 11.18, 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 current ratio of 1.25 and a quick ratio of 0.96.

Carrier Global (NYSE:CARR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.07. Carrier Global had a net margin of 23.83% and a return on equity of 18.82%. The firm had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $5.17 billion. During the same quarter in the previous year, the firm posted $0.51 earnings per share. The company's revenue was down 3.7% on a year-over-year basis. On average, research analysts anticipate that Carrier Global Co. will post 2.99 EPS for the current year.

Carrier Global Dividend Announcement

The company 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 $0.225 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $0.90 annualized dividend and a dividend yield of 1.28%. Carrier Global's payout ratio is currently 13.93%.

Wall Street Analyst Weigh In

CARR has been the topic of several recent analyst reports. Wells Fargo & Company lifted their target price on Carrier Global from $65.00 to $75.00 and gave the company an "equal weight" rating in a research note on Monday. Mizuho set a $72.00 price objective on shares of Carrier Global in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. dropped their target price 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. Citigroup reduced their price target on shares of Carrier Global from $89.00 to $72.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Barclays dropped their price objective on shares of 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, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Carrier Global currently has a consensus rating of "Moderate Buy" and a consensus target price of $81.21.

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.

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