Carrier Global Co. (NYSE:CARR) Shares Purchased by Man Group plc

Man Group plc lifted its position in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 298.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 302,136 shares of the company's stock after buying an additional 226,314 shares during the quarter. Man Group plc's holdings in Carrier Global were worth $20,624,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Nia Impact Advisors LLC raised its position in Carrier Global by 0.9% during the fourth quarter. Nia Impact Advisors LLC now owns 29,201 shares of the company's stock worth $1,993,000 after acquiring an additional 250 shares during the last quarter. NorthRock Partners LLC increased its stake in shares of Carrier Global by 309.5% during the 4th quarter. NorthRock Partners LLC now owns 15,812 shares of the company's stock worth $1,079,000 after purchasing an additional 11,951 shares in the last quarter. Occudo Quantitative Strategies LP acquired a new position in shares of Carrier Global during the 4th quarter worth approximately $3,867,000. OMERS ADMINISTRATION Corp lifted its stake in Carrier Global by 20.1% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 33,550 shares of the company's stock valued at $2,290,000 after buying an additional 5,608 shares in the last quarter. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Carrier Global during the 4th quarter valued at $12,765,000. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Carrier Global Trading Down 0.1%

Shares of CARR traded down $0.05 during trading hours on Thursday, hitting $72.04. The stock had a trading volume of 1,068,431 shares, compared to its average volume of 4,614,290. Carrier Global Co. has a 12-month low of $54.22 and a 12-month high of $83.32. The firm has a market cap of $61.76 billion, a P/E ratio of 11.46, 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 quick ratio of 0.96 and a current ratio of 1.25. The company's fifty day simple moving average is $65.06 and its 200 day simple moving average is $68.01.

Carrier Global (NYSE:CARR - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.58 by $0.07. The company 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 firm's revenue was down 3.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.51 earnings per share. Equities research analysts forecast that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The firm also recently declared 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 is Friday, May 2nd. This represents a $0.90 annualized dividend and a yield of 1.25%. Carrier Global's payout ratio is 13.93%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on CARR shares. Royal Bank of Canada raised their price target on Carrier Global from $86.00 to $87.00 and gave the stock an "outperform" rating in a research report on Tuesday. JPMorgan Chase & Co. lifted their price objective on Carrier Global from $66.00 to $79.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. Wolfe Research raised 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. 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 report on Wednesday, May 7th. Finally, Mizuho set a $72.00 price target on shares of Carrier Global in a report on Tuesday, April 22nd. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $83.00.

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.