Carrier Global Co. (NYSE:CARR) Shares Acquired by First Trust Advisors LP

First Trust Advisors LP lifted its position in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 40.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,022,448 shares of the company's stock after purchasing an additional 292,623 shares during the quarter. First Trust Advisors LP owned about 0.11% of Carrier Global worth $69,792,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. BOK Financial Private Wealth Inc. lifted its position in shares of Carrier Global by 80.0% during the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company's stock worth $25,000 after purchasing an additional 160 shares in the last quarter. Ritter Daniher Financial Advisory LLC DE increased its stake in Carrier Global by 90.0% during the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 380 shares of the company's stock worth $26,000 after buying an additional 180 shares during the period. Bradley & Co. Private Wealth Management LLC purchased a new stake in Carrier Global during the 4th quarter worth $31,000. Meeder Asset Management Inc. increased its stake in Carrier Global by 236.1% during the 4th 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, Aster Capital Management DIFC Ltd purchased a new stake in Carrier Global during the 4th quarter worth $42,000. Hedge funds and other institutional investors own 91.00% of the company's stock.

Carrier Global Price Performance

Shares of NYSE:CARR traded down $0.26 during trading on Friday, reaching $60.05. The company had a trading volume of 3,862,616 shares, compared to its average volume of 4,488,941. The firm's fifty day moving average is $63.21 and its 200 day moving average is $68.79. 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 firm has a market capitalization of $51.88 billion, a PE ratio of 9.56, a price-to-earnings-growth ratio of 2.01 and a beta of 1.33. Carrier Global Co. has a twelve month low of $54.22 and a twelve month high of $83.32.

Carrier Global (NYSE:CARR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.03. Carrier Global had a net margin of 23.83% and a return on equity of 18.82%. During the same period in the previous year, the firm earned $0.53 earnings per share. On average, equities analysts forecast that Carrier Global Co. will post 2.99 EPS for the current year.

Carrier Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Friday, May 2nd will be issued a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend is Friday, May 2nd. Carrier Global's dividend payout ratio (DPR) is presently 14.33%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CARR. Citigroup dropped 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 note on Monday, April 14th. Barclays dropped their target price on shares of Carrier Global from $87.00 to $83.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. JPMorgan Chase & Co. dropped their target price 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. Mizuho set a $72.00 target price on shares of Carrier Global in a research report on Tuesday, April 22nd. Finally, Wells Fargo & Company dropped their target price on shares of Carrier Global from $75.00 to $70.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 12th. Five research 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $79.73.

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.