Alpha Wealth Funds LLC Makes New $341,000 Investment in Carrier Global Co. (NYSE:CARR)

Alpha Wealth Funds LLC bought a new position in Carrier Global Co. (NYSE:CARR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 5,000 shares of the company's stock, valued at approximately $341,000.

Other large investors have also bought and sold shares of the company. BOK Financial Private Wealth Inc. raised its position in Carrier Global by 80.0% in the 4th quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company's stock worth $25,000 after buying an additional 160 shares during the last quarter. Ritter Daniher Financial Advisory LLC DE raised its holdings 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 purchasing an additional 180 shares during the last quarter. Park Square Financial Group LLC purchased a new position in shares of Carrier Global during the fourth quarter valued at approximately $28,000. Bradley & Co. Private Wealth Management LLC purchased a new position in shares of Carrier Global during the fourth quarter valued at approximately $31,000. Finally, Meeder Asset Management Inc. raised its holdings in shares of Carrier Global by 236.1% during the fourth quarter. Meeder Asset Management Inc. now owns 484 shares of the company's stock valued at $33,000 after purchasing an additional 340 shares during the last quarter. 91.00% of the stock is owned by hedge funds and other institutional investors.

Carrier Global Price Performance

Shares of NYSE CARR traded down $0.29 during midday trading on Friday, reaching $71.12. The stock had a trading volume of 6,337,867 shares, compared to its average volume of 4,659,660. The stock has a 50-day moving average of $65.63 and a 200-day moving average of $67.83. 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 has a market capitalization of $60.97 billion, a price-to-earnings ratio of 11.32, a price-to-earnings-growth ratio of 2.01 and a beta of 1.33. Carrier Global Co. has a 12-month low of $54.22 and a 12-month high of $83.32.

Carrier Global (NYSE:CARR - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.07. Carrier Global had a return on equity of 18.82% and a net margin of 23.83%. The business had revenue of $5.22 billion during the quarter, compared to analyst estimates of $5.17 billion. During the same quarter in the prior year, the business posted $0.51 EPS. Carrier Global's revenue for the quarter was down 3.7% compared to the same quarter last year. As a group, research analysts anticipate that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Friday, May 2nd were paid a dividend of $0.225 per share. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $0.90 annualized dividend and a yield of 1.27%. Carrier Global's payout ratio is 13.93%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on CARR shares. Robert W. Baird upped their price objective on Carrier Global from $80.00 to $88.00 and gave the company an "outperform" rating in a research report on Tuesday, May 20th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Carrier Global in a research report on Wednesday, May 21st. Mizuho set a $72.00 target price on shares of Carrier Global in a report on Tuesday, April 22nd. JPMorgan Chase & Co. upped their target price on shares of Carrier Global from $66.00 to $79.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Finally, Royal Bank of Canada upped their target price on shares of Carrier Global from $86.00 to $87.00 and gave the company an "outperform" rating in a report on Tuesday, May 20th. Four equities 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 company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average 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.