Milestone Asset Management Group LLC Makes New Investment in Carrier Global Co. (NYSE:CARR)

Milestone Asset Management Group LLC acquired a new position in shares of Carrier Global Co. (NYSE:CARR - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 10,744 shares of the company's stock, valued at approximately $733,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Carrier Global during the 4th quarter valued at $588,029,000. Wealthfront Advisers LLC raised its position in Carrier Global by 5,840.1% in the fourth quarter. Wealthfront Advisers LLC now owns 5,000,000 shares of the company's stock valued at $341,300,000 after purchasing an additional 4,915,826 shares during the period. Brown Advisory Inc. boosted its position in shares of Carrier Global by 139.1% in the fourth quarter. Brown Advisory Inc. now owns 5,296,577 shares of the company's stock worth $361,544,000 after buying an additional 3,080,984 shares during the period. Artisan Partners Limited Partnership purchased a new stake in shares of Carrier Global during the 4th quarter valued at about $166,061,000. Finally, Raymond James Financial Inc. acquired a new position in Carrier Global during the 4th quarter worth approximately $108,433,000. Institutional investors and hedge funds own 91.00% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Mizuho set a $72.00 target price on shares of Carrier Global in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. upped their price objective on shares of Carrier Global from $66.00 to $79.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. Wells Fargo & Company increased their price target on Carrier Global from $65.00 to $75.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Wolfe Research raised shares of Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 price target for the company in a research report on Monday, February 24th. Finally, Citigroup dropped their target price on shares of Carrier Global from $89.00 to $72.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Four equities 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's stock. According to data from MarketBeat, Carrier Global currently has an average rating of "Moderate Buy" and an average price target of $83.00.

Carrier Global Stock Performance

Shares of CARR stock traded down $0.29 during trading hours on Friday, reaching $71.12. The stock had a trading volume of 6,337,867 shares, compared to its average volume of 4,659,656. The firm has a market capitalization of $60.97 billion, a PE ratio of 11.32, a price-to-earnings-growth ratio of 2.01 and a beta of 1.33. The firm has a 50-day simple moving average of $65.63 and a 200-day simple moving average of $67.83. Carrier Global Co. has a twelve month low of $54.22 and a twelve month high of $83.32. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96.

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, beating the consensus estimate of $0.58 by $0.07. Carrier Global had a net margin of 23.83% and a return on equity of 18.82%. The company had revenue of $5.22 billion for the quarter, compared to analyst estimates of $5.17 billion. During the same quarter last year, the business earned $0.51 earnings per share. Carrier Global's revenue was down 3.7% compared to the same quarter last year. As a group, equities analysts forecast that Carrier Global Co. will post 2.99 earnings per share for the current year.

Carrier Global Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Friday, May 2nd were given a dividend of $0.225 per share. The ex-dividend date was Friday, May 2nd. This represents a $0.90 dividend on an annualized basis and a yield of 1.27%. Carrier Global's dividend payout ratio (DPR) is presently 13.93%.

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.