State of Tennessee Department of Treasury lessened its position in Carrier Global Co. (NYSE:CARR - Free Report) by 4.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 339,208 shares of the company's stock after selling 14,375 shares during the quarter. State of Tennessee Department of Treasury's holdings in Carrier Global were worth $23,154,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of CARR. RFG Advisory LLC grew its stake in Carrier Global by 36.2% during the 4th quarter. RFG Advisory LLC now owns 7,170 shares of the company's stock worth $489,000 after purchasing an additional 1,904 shares in the last quarter. Princeton Global Asset Management LLC grew its position in Carrier Global by 1,156.1% in the 4th quarter. Princeton Global Asset Management LLC now owns 20,663 shares of the company's stock valued at $1,410,000 after buying an additional 19,018 shares during the last quarter. Miracle Mile Advisors LLC purchased a new stake in Carrier Global in the 4th quarter valued at approximately $2,213,000. Waldron Private Wealth LLC grew its stake in shares of Carrier Global by 90.5% during the 4th quarter. Waldron Private Wealth LLC now owns 16,532 shares of the company's stock worth $1,128,000 after purchasing an additional 7,854 shares during the period. Finally, Gateway Wealth Partners LLC increased its stake in Carrier Global by 221.8% in the 4th quarter. Gateway Wealth Partners LLC now owns 10,327 shares of the company's stock valued at $705,000 after purchasing an additional 7,118 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company's stock.
Carrier Global Price Performance
CARR traded down $0.01 on Monday, reaching $60.06. The company had a trading volume of 978,292 shares, compared to its average volume of 4,475,184. The company has a fifty day moving average of $63.21 and a 200-day moving average of $68.79. 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 $51.89 billion, a P/E ratio of 9.55, a PEG 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 released its earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.51 by $0.03. Carrier Global had a return on equity of 18.82% and a net margin of 23.83%. During the same quarter last year, the company earned $0.53 EPS. As a group, equities research analysts anticipate that Carrier Global Co. will post 2.99 earnings per share for the current year.
Carrier Global Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Friday, May 2nd will be given a $0.225 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $0.90 annualized dividend and a dividend yield of 1.50%. Carrier Global's dividend payout ratio (DPR) is presently 14.33%.
Wall Street Analyst Weigh In
A number of analysts recently commented on the company. Royal Bank of Canada dropped their price objective on Carrier Global from $86.00 to $76.00 and set an "outperform" rating for the company in a research report on Wednesday, February 12th. JPMorgan Chase & Co. decreased their price objective on shares of Carrier Global from $78.00 to $64.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Wells Fargo & Company reduced their target price on Carrier Global from $75.00 to $70.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 12th. Citigroup reduced their price target on shares of Carrier Global from $89.00 to $72.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, Mizuho set a $72.00 price objective on shares of Carrier Global in a research note on Tuesday, April 22nd. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $79.73.
Check Out Our Latest Report on Carrier Global
About Carrier Global
(
Free Report)
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.
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