Schonfeld Strategic Advisors LLC Boosts Stock Position in Carrier Global Co. (NYSE:CARR)

Schonfeld Strategic Advisors LLC grew its position in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 75.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 126,874 shares of the company's stock after purchasing an additional 54,473 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Carrier Global were worth $8,660,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. BOK Financial Private Wealth Inc. grew its holdings in shares of Carrier Global by 80.0% during the 4th quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company's stock valued at $25,000 after purchasing an additional 160 shares during the last quarter. Ritter Daniher Financial Advisory LLC DE grew its stake in shares of Carrier Global by 90.0% during the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 380 shares of the company's stock valued at $26,000 after buying an additional 180 shares during the last quarter. Bradley & Co. Private Wealth Management LLC purchased a new position in shares of Carrier Global in the fourth quarter worth about $31,000. Meeder Asset Management Inc. increased its holdings in shares of Carrier Global by 236.1% in the fourth quarter. Meeder Asset Management Inc. now owns 484 shares of the company's stock worth $33,000 after buying an additional 340 shares during the period. Finally, Transce3nd LLC bought a new stake in shares of Carrier Global in the 4th quarter valued at about $37,000. 91.00% of the stock is owned by hedge funds and other institutional investors.

Carrier Global Price Performance

Carrier Global stock traded down $0.39 during mid-day trading on Tuesday, reaching $70.42. 1,089,129 shares of the company's stock traded hands, compared to its average volume of 4,503,166. Carrier Global Co. has a 12-month low of $54.22 and a 12-month high of $83.32. The company has a market cap of $60.85 billion, a price-to-earnings ratio of 11.22, a PEG ratio of 2.01 and a beta of 1.33. The stock has a 50 day moving average of $63.16 and a two-hundred day moving average of $68.13. The company has a quick ratio of 0.96, a current ratio of 1.25 and a debt-to-equity ratio of 0.77.

Carrier Global (NYSE:CARR - Get Free Report) last released 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. Carrier Global had a return on equity of 18.82% and a net margin of 23.83%. 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 business posted $0.51 earnings per share. The firm's revenue was down 3.7% on a year-over-year basis. Equities analysts forecast that Carrier Global Co. will post 2.99 earnings per share for the current year.

Carrier Global Announces Dividend

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

Analyst Ratings Changes

A number of analysts have recently weighed in on CARR shares. Barclays dropped their price objective on Carrier Global from $87.00 to $83.00 and set an "overweight" rating for the company in a research note on Wednesday, March 26th. JPMorgan Chase & Co. decreased their price objective on Carrier Global from $78.00 to $64.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. 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. Wells Fargo & Company boosted their price objective on shares of Carrier Global from $65.00 to $75.00 and gave the company an "equal weight" rating in a report on Monday. Finally, Citigroup reduced their price objective on Carrier Global from $89.00 to $72.00 and set a "buy" rating for the company in a research report on Monday, April 14th. 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 company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target 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.