980,661 Shares in Carrier Global Co. (NYSE:CARR) Bought by Alyeska Investment Group L.P.

Alyeska Investment Group L.P. acquired a new position in shares of Carrier Global Co. (NYSE:CARR - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 980,661 shares of the company's stock, valued at approximately $66,940,000. Alyeska Investment Group L.P. owned about 0.11% of Carrier Global as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Ancora Advisors LLC lifted its position in shares of Carrier Global by 4.3% during the fourth quarter. Ancora Advisors LLC now owns 5,687 shares of the company's stock worth $388,000 after purchasing an additional 236 shares during the last quarter. Aptus Capital Advisors LLC lifted its holdings in Carrier Global by 3.3% during the 4th quarter. Aptus Capital Advisors LLC now owns 9,634 shares of the company's stock worth $658,000 after buying an additional 310 shares during the last quarter. AlTi Global Inc. grew its position in shares of Carrier Global by 18.2% in the 4th quarter. AlTi Global Inc. now owns 7,916 shares of the company's stock worth $544,000 after acquiring an additional 1,219 shares in the last quarter. Gallagher Fiduciary Advisors LLC increased its holdings in shares of Carrier Global by 15.7% in the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 4,879 shares of the company's stock valued at $333,000 after acquiring an additional 663 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its position in shares of Carrier Global by 14.3% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 111,900 shares of the company's stock valued at $7,638,000 after acquiring an additional 14,037 shares in the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on CARR. Wells Fargo & Company boosted their target price on shares of Carrier Global from $65.00 to $75.00 and gave the company an "equal weight" rating in a research note on Monday. Royal Bank of Canada raised their target price on shares of Carrier Global from $71.00 to $82.00 and gave the stock an "outperform" rating in a report on Friday. Barclays lowered their target price on Carrier Global from $87.00 to $83.00 and set an "overweight" rating for the company in a report on Wednesday, March 26th. Citigroup cut their price target on Carrier Global from $89.00 to $72.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Wolfe Research upgraded Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 price objective for the company in a research note on Monday, February 24th. Five equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Carrier Global presently has a consensus rating of "Moderate Buy" and a consensus price target of $81.21.

Carrier Global Price Performance

NYSE:CARR traded down $0.74 during midday trading on Monday, hitting $70.79. 5,563,169 shares of the stock were exchanged, compared to its average volume of 4,516,631. The business has a 50-day moving average price of $63.16 and a two-hundred day moving average price of $68.13. 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 company has a market capitalization of $61.16 billion, a price-to-earnings ratio of 11.27, a P/E/G ratio of 2.01 and a beta of 1.33. 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 announced 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. The business had revenue of $5.22 billion during the quarter, compared to analyst estimates of $5.17 billion. Carrier Global had a return on equity of 18.82% and a net margin of 23.83%. The company's revenue was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.51 earnings per share. Sell-side analysts predict that Carrier Global Co. will post 2.99 EPS for the current 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 paid a $0.225 dividend. The ex-dividend date is Friday, May 2nd. This represents a $0.90 annualized dividend and a dividend yield of 1.27%. Carrier Global's dividend payout ratio is currently 13.93%.

Carrier Global Company 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.