Carrier Global Co. (NYSE:CARR) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC raised its holdings in Carrier Global Co. (NYSE:CARR - Free Report) by 7,043.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,058,653 shares of the company's stock after buying an additional 1,043,833 shares during the quarter. GAMMA Investing LLC owned about 0.12% of Carrier Global worth $67,119,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BOK Financial Private Wealth Inc. raised its stake in Carrier Global by 80.0% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company's stock valued at $25,000 after buying an additional 160 shares during the last quarter. Ritter Daniher Financial Advisory LLC DE increased its holdings in shares of Carrier Global by 90.0% in 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 period. Park Square Financial Group LLC acquired a new position in shares of Carrier Global in the fourth quarter valued at about $28,000. Mattson Financial Services LLC acquired a new position in shares of Carrier Global in the fourth quarter valued at about $31,000. Finally, Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Carrier Global in the fourth quarter valued at about $31,000. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Carrier Global Stock Up 1.0%

CARR traded up $0.68 on Wednesday, hitting $71.48. 3,280,702 shares of the company were exchanged, compared to its average volume of 4,635,013. Carrier Global Co. has a twelve month low of $54.22 and a twelve month high of $83.32. The company has a market cap of $61.28 billion, a price-to-earnings ratio of 11.38, a price-to-earnings-growth ratio of 2.01 and a beta of 1.33. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77. The firm has a 50-day moving average price of $65.80 and a two-hundred day moving average price of $67.72.

Carrier Global (NYSE:CARR - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.65 earnings per share 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 the consensus estimate of $5.17 billion. Carrier Global had a return on equity of 18.82% and a net margin of 23.83%. The business's quarterly revenue was down 3.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.51 EPS. On average, equities analysts predict that Carrier Global Co. will post 2.99 earnings per share for the current year.

Carrier Global Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Friday, May 2nd were paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend was Friday, May 2nd. Carrier Global's dividend payout ratio is presently 13.93%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CARR. Wells Fargo & Company increased their price objective on Carrier Global from $65.00 to $75.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Royal Bank of Canada raised their target price on Carrier Global from $86.00 to $87.00 and gave the company an "outperform" rating in a research report on Tuesday, May 20th. Mizuho set a $72.00 target price on Carrier Global in a research report on Tuesday, April 22nd. Northcoast Research upgraded Carrier Global from a "neutral" rating to a "buy" rating and set a $85.00 target price on the stock in a research report on Friday, May 9th. Finally, Robert W. Baird raised their target price on Carrier Global from $80.00 to $88.00 and gave the company an "outperform" rating in a research report on Tuesday, May 20th. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $83.00.

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.