Asset Management One Co. Ltd. Boosts Holdings in Carrier Global Corporation (NYSE:CARR)

Asset Management One Co. Ltd. grew its holdings in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 6.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 504,362 shares of the company's stock after acquiring an additional 28,512 shares during the quarter. Asset Management One Co. Ltd. owned 0.06% of Carrier Global worth $31,977,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in CARR. Norges Bank bought a new position in shares of Carrier Global in the fourth quarter worth approximately $588,029,000. Wealthfront Advisers LLC grew its holdings in shares of Carrier Global by 5,840.1% in the fourth quarter. Wealthfront Advisers LLC now owns 5,000,000 shares of the company's stock worth $341,300,000 after purchasing an additional 4,915,826 shares during the last quarter. Brown Advisory Inc. grew its holdings 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 purchasing an additional 3,080,984 shares during the last quarter. Artisan Partners Limited Partnership bought a new position in shares of Carrier Global in the fourth quarter worth approximately $166,061,000. Finally, Raymond James Financial Inc. bought a new position in shares of Carrier Global in the fourth quarter worth approximately $108,433,000. 91.00% of the stock is owned by hedge funds and other institutional investors.

Carrier Global Trading Up 0.2%

NYSE:CARR traded up $0.17 during trading hours on Thursday, hitting $72.60. The company had a trading volume of 3,939,906 shares, compared to its average volume of 4,700,693. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.20 and a quick ratio of 0.83. The company has a market capitalization of $62.24 billion, a PE ratio of 11.24, a price-to-earnings-growth ratio of 2.03 and a beta of 1.33. The stock has a 50-day moving average price of $69.41 and a 200 day moving average price of $67.27. Carrier Global Corporation has a 52 week low of $54.22 and a 52 week high of $83.32.

Carrier Global (NYSE:CARR - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.58 by $0.07. The business had revenue of $5.22 billion during the quarter, compared to analyst estimates of $5.17 billion. Carrier Global had a return on equity of 18.10% and a net margin of 25.45%. The company's revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.51 earnings per share. On average, equities research analysts predict that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

Carrier Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Monday, July 21st will be given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend is Monday, July 21st. Carrier Global's dividend payout ratio is currently 13.93%.

Wall Street Analyst Weigh In

CARR has been the topic of several recent analyst reports. Wells Fargo & Company raised their target price on shares of Carrier Global from $65.00 to $75.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. JPMorgan Chase & Co. raised their target price on shares of Carrier Global from $66.00 to $79.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Robert W. Baird raised their target price on shares of Carrier Global from $80.00 to $88.00 and gave the stock an "outperform" rating in a report on Tuesday, May 20th. Mizuho set a $72.00 target price on shares of Carrier Global in a report on Tuesday, April 22nd. Finally, Citigroup cut their target price on shares of Carrier Global from $89.00 to $72.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $83.00.

Insider Buying and Selling at Carrier Global

In other Carrier Global news, Director Maximilian Viessmann sold 4,267,425 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $70.30, for a total transaction of $299,999,977.50. Following the completion of the transaction, the director now owns 54,341,534 shares of the company's stock, valued at approximately $3,820,209,840.20. This trade represents a 7.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 7.20% of the company's stock.

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.