Occudo Quantitative Strategies LP Makes New $3.87 Million Investment in Carrier Global Co. (NYSE:CARR)

Occudo Quantitative Strategies LP purchased a new position in shares of Carrier Global Co. (NYSE:CARR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 56,657 shares of the company's stock, valued at approximately $3,867,000. Carrier Global comprises 0.7% of Occudo Quantitative Strategies LP's investment portfolio, making the stock its 18th largest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of CARR. Czech National Bank grew its stake in Carrier Global by 5.8% during the fourth quarter. Czech National Bank now owns 180,919 shares of the company's stock worth $12,350,000 after buying an additional 9,892 shares during the period. Wedmont Private Capital boosted its stake in shares of Carrier Global by 2.5% in the fourth quarter. Wedmont Private Capital now owns 21,298 shares of the company's stock valued at $1,416,000 after purchasing an additional 519 shares during the period. Cooper Financial Group boosted its stake in shares of Carrier Global by 8.3% in the fourth quarter. Cooper Financial Group now owns 3,561 shares of the company's stock valued at $243,000 after purchasing an additional 272 shares during the period. Miracle Mile Advisors LLC purchased a new position in shares of Carrier Global in the fourth quarter valued at $2,213,000. Finally, Code Waechter LLC purchased a new position in shares of Carrier Global in the fourth quarter valued at $220,000. Institutional investors and hedge funds own 91.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Northcoast Research upgraded shares of Carrier Global from a "neutral" rating to a "buy" rating and set a $85.00 target price for the company in a research note on Friday, May 9th. Barclays upped their target price on shares of Carrier Global from $83.00 to $84.00 and gave the company an "overweight" rating in a research note on Wednesday, May 7th. Wolfe Research upgraded shares of Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 target price for the company in a research note on Monday, February 24th. Royal Bank of Canada upped their target price on shares of Carrier Global from $71.00 to $82.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Finally, Citigroup cut 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. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $82.53.

Carrier Global Price Performance

Shares of NYSE:CARR traded up $2.15 during trading hours on Friday, hitting $75.63. 7,296,531 shares of the company's stock traded hands, compared to its average volume of 4,609,412. Carrier Global Co. has a 52 week low of $54.22 and a 52 week high of $83.32. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25. The company's fifty day simple moving average is $64.53 and its two-hundred day simple moving average is $67.94. The company has a market cap of $64.83 billion, a price-to-earnings ratio of 12.04, a price-to-earnings-growth ratio of 2.01 and a beta of 1.33.

Carrier Global (NYSE:CARR - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $5.22 billion during the quarter, compared to analyst estimates of $5.17 billion. During the same quarter last year, the firm posted $0.51 EPS. The business's revenue for the quarter was down 3.7% on a year-over-year basis. As a group, equities analysts anticipate that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Friday, May 2nd will be given a dividend of $0.225 per share. The ex-dividend date is Friday, May 2nd. This represents a $0.90 annualized dividend and a dividend yield of 1.19%. Carrier Global's dividend payout ratio (DPR) is 13.93%.

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.