Rafferty Asset Management LLC lifted its holdings in Carrier Global Co. (NYSE:CARR - Free Report) by 8.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 80,626 shares of the company's stock after purchasing an additional 6,127 shares during the period. Rafferty Asset Management LLC's holdings in Carrier Global were worth $5,504,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in CARR. BOK Financial Private Wealth Inc. boosted 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 valued at $25,000 after buying an additional 160 shares during the period. Ritter Daniher Financial Advisory LLC DE boosted its holdings in 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. Bradley & Co. Private Wealth Management LLC purchased a new position in Carrier Global in the fourth quarter valued at $31,000. Meeder Asset Management Inc. grew its stake in Carrier Global by 236.1% during the 4th quarter. Meeder Asset Management Inc. now owns 484 shares of the company's stock worth $33,000 after purchasing an additional 340 shares in the last quarter. Finally, Transce3nd LLC purchased a new stake in Carrier Global during the 4th quarter worth about $37,000. 91.00% of the stock is owned by hedge funds and other institutional investors.
Carrier Global Stock Performance
Shares of CARR traded down $2.88 during mid-day trading on Wednesday, hitting $72.07. 5,182,004 shares of the company's stock were exchanged, compared to its average volume of 4,627,961. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77. Carrier Global Co. has a fifty-two week low of $54.22 and a fifty-two week high of $83.32. The business's 50 day moving average is $64.95 and its two-hundred day moving average is $67.98. The firm has a market capitalization of $61.79 billion, a P/E ratio of 11.48, a P/E/G ratio of 2.01 and a beta of 1.33.
Carrier Global (NYSE:CARR - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.65 earnings per share 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 company had revenue of $5.22 billion during the quarter, compared to analysts' expectations of $5.17 billion. During the same period last year, the firm earned $0.51 EPS. The firm's revenue for the quarter was down 3.7% on a year-over-year basis. On average, equities analysts expect that Carrier Global Co. will post 2.99 earnings per share for the current year.
Carrier Global Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Friday, May 2nd will be issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Friday, May 2nd. Carrier Global's dividend payout ratio is presently 13.93%.
Wall Street Analyst Weigh In
A number of research firms have issued reports on CARR. 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 research 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 target price on the stock in a report on Monday, February 24th. Robert W. Baird lifted their price target on shares of Carrier Global from $80.00 to $88.00 and gave the stock an "outperform" rating in a research note on Tuesday. Mizuho set a $72.00 target price on Carrier Global in a report on Tuesday, April 22nd. Finally, Royal Bank of Canada increased their price target on shares of Carrier Global from $86.00 to $87.00 and gave the company an "outperform" rating in a research note on Tuesday. 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, Carrier Global has a consensus rating of "Moderate Buy" and an average price target of $83.00.
View Our Latest Stock Analysis on CARR
About Carrier Global
(
Free Report)
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.
Featured Articles
Before you consider Carrier Global, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Carrier Global wasn't on the list.
While Carrier Global currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
