Caisse DE Depot ET Placement DU Quebec Takes Position in Carrier Global Co. (NYSE:CARR)

Caisse DE Depot ET Placement DU Quebec purchased a new position in shares of Carrier Global Co. (NYSE:CARR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 447,708 shares of the company's stock, valued at approximately $30,561,000.

Other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in Carrier Global by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 17,357,770 shares of the company's stock worth $1,181,300,000 after buying an additional 420,081 shares in the last quarter. Fisher Asset Management LLC grew its holdings in Carrier Global by 0.3% during the 4th quarter. Fisher Asset Management LLC now owns 14,313,331 shares of the company's stock valued at $977,028,000 after buying an additional 46,222 shares during the last quarter. Northern Trust Corp increased its position in Carrier Global by 16.7% during the fourth quarter. Northern Trust Corp now owns 8,847,377 shares of the company's stock worth $603,922,000 after buying an additional 1,266,137 shares in the last quarter. Norges Bank purchased a new stake in shares of Carrier Global in the fourth quarter valued at $588,029,000. Finally, Pictet Asset Management Holding SA raised its stake in Carrier Global by 2.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 6,080,842 shares of the company's stock valued at $415,078,000 after purchasing an additional 126,174 shares during the last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Carrier Global Stock Down 1.0 %

Shares of NYSE:CARR traded down $0.74 during midday trading on Monday, reaching $70.79. The company had a trading volume of 5,563,169 shares, compared to its average volume of 4,516,631. The stock has a market capitalization of $61.16 billion, a P/E ratio of 11.27, a PEG ratio of 2.01 and a beta of 1.33. The stock's fifty day moving average price is $63.16 and its 200-day moving average price is $68.13. 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 Co. has a one year low of $54.22 and a one year high of $83.32.

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

Carrier Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Friday, May 2nd will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $0.90 annualized dividend and a yield of 1.27%. Carrier Global's payout ratio is 13.93%.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Mizuho set a $72.00 target price on shares of Carrier Global in a research report on Tuesday, April 22nd. Citigroup reduced their target price on Carrier Global from $89.00 to $72.00 and set a "buy" rating on the stock in a research report 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 for the company in a report on Monday, February 24th. JPMorgan Chase & Co. cut 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 lowered 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 note on Wednesday, March 26th. Five equities research 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 stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $81.21.

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.