Carrier Global Co. (NYSE:CARR) Position Boosted by Williams Jones Wealth Management LLC.

Williams Jones Wealth Management LLC. increased its position in Carrier Global Co. (NYSE:CARR - Free Report) by 3.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 312,987 shares of the company's stock after purchasing an additional 10,496 shares during the period. Williams Jones Wealth Management LLC.'s holdings in Carrier Global were worth $21,364,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC grew its position in shares of Carrier Global by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 17,357,770 shares of the company's stock worth $1,181,300,000 after acquiring an additional 420,081 shares in the last quarter. Fisher Asset Management LLC lifted its stake in Carrier Global by 0.3% during the fourth quarter. Fisher Asset Management LLC now owns 14,313,331 shares of the company's stock worth $977,028,000 after purchasing an additional 46,222 shares during the last quarter. Northern Trust Corp boosted its holdings in Carrier Global by 16.7% in the fourth quarter. Northern Trust Corp now owns 8,847,377 shares of the company's stock worth $603,922,000 after purchasing an additional 1,266,137 shares during the period. Norges Bank bought a new stake in Carrier Global during the fourth quarter valued at $588,029,000. Finally, Pictet Asset Management Holding SA increased its stake in Carrier Global by 2.1% during the fourth quarter. Pictet Asset Management Holding SA now owns 6,080,842 shares of the company's stock valued at $415,078,000 after purchasing an additional 126,174 shares during the last quarter. 91.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Mizuho set a $72.00 price target on shares of Carrier Global in a research report on Tuesday, April 22nd. Barclays increased their price objective on shares of Carrier Global from $83.00 to $84.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 7th. Royal Bank of Canada lifted their target price on Carrier Global from $71.00 to $82.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Wolfe Research upgraded Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 price target on the stock in a research report on Monday, February 24th. Finally, JPMorgan Chase & Co. raised their price target on Carrier Global from $66.00 to $79.00 and gave the stock an "overweight" rating in a report on Friday. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $82.53.

Carrier Global Price Performance

Shares of NYSE CARR opened at $75.85 on Tuesday. The stock has a market cap of $65.03 billion, a P/E ratio of 12.08, a P/E/G ratio of 2.01 and a beta of 1.33. The firm's 50-day simple moving average is $64.73 and its 200 day simple moving average is $67.93. Carrier Global Co. has a fifty-two week low of $54.22 and a fifty-two week high of $83.32. The company has a quick ratio of 0.96, a current ratio of 1.25 and a debt-to-equity ratio of 0.77.

Carrier Global (NYSE:CARR - Get Free Report) last released its 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. The firm had revenue of $5.22 billion for the quarter, compared to analysts' expectations of $5.17 billion. Carrier Global had a net margin of 23.83% and a return on equity of 18.82%. Carrier Global's quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter last year, the company earned $0.51 EPS. Equities analysts expect that Carrier Global Co. will post 2.99 EPS for the current year.

Carrier Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders 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 dividend on an annualized basis and a yield of 1.19%. Carrier Global's dividend payout ratio (DPR) is 13.93%.

Carrier Global Company 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.

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