Czech National Bank Acquires 4,564 Shares of Carrier Global Co. (NYSE:CARR)

Czech National Bank raised its position in Carrier Global Co. (NYSE:CARR - Free Report) by 2.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 185,483 shares of the company's stock after purchasing an additional 4,564 shares during the period. Czech National Bank's holdings in Carrier Global were worth $11,760,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Rhumbline Advisers grew its position in shares of Carrier Global by 1.0% in the 1st quarter. Rhumbline Advisers now owns 1,496,330 shares of the company's stock valued at $94,867,000 after purchasing an additional 15,342 shares during the period. Fifth Third Wealth Advisors LLC lifted its stake in Carrier Global by 2.4% in the first quarter. Fifth Third Wealth Advisors LLC now owns 9,220 shares of the company's stock valued at $585,000 after buying an additional 213 shares in the last quarter. Cascade Investment Advisors Inc. boosted its holdings in shares of Carrier Global by 1.4% in the first quarter. Cascade Investment Advisors Inc. now owns 17,793 shares of the company's stock valued at $1,128,000 after buying an additional 250 shares during the period. Welch Group LLC boosted its holdings in shares of Carrier Global by 8.9% in the first quarter. Welch Group LLC now owns 103,549 shares of the company's stock valued at $6,558,000 after buying an additional 8,478 shares during the period. Finally, Parallel Advisors LLC increased its position in shares of Carrier Global by 17.4% during the first quarter. Parallel Advisors LLC now owns 23,539 shares of the company's stock worth $1,492,000 after acquiring an additional 3,489 shares in the last quarter. Institutional investors own 91.00% of the company's stock.

Carrier Global Stock Performance

Shares of Carrier Global stock traded up $0.53 during trading on Tuesday, hitting $70.87. 3,328,940 shares of the stock were exchanged, compared to its average volume of 4,640,866. 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 company has a fifty day moving average price of $65.69 and a 200-day moving average price of $67.69. The stock has a market capitalization of $60.76 billion, a price-to-earnings ratio of 11.29, a price-to-earnings-growth ratio of 2.01 and a beta of 1.33. Carrier Global Co. has a 1-year low of $54.22 and a 1-year high of $83.32.

Carrier Global (NYSE:CARR - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $5.17 billion. During the same quarter in the previous year, the business earned $0.51 earnings per share. The business's revenue was down 3.7% compared to the same quarter last year. As a group, equities analysts predict that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Carrier Global Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on CARR. Royal Bank of Canada boosted their price objective on shares of Carrier Global from $86.00 to $87.00 and gave the company an "outperform" rating in a research report on Tuesday, May 20th. Wolfe Research raised Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 price target on the stock in a research note on Monday, February 24th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Carrier Global in a research report on Wednesday, May 21st. Barclays increased their price objective on Carrier Global from $83.00 to $84.00 and gave the stock an "overweight" rating in a report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. boosted their target price on Carrier Global from $66.00 to $79.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Carrier Global currently has an average rating of "Moderate Buy" and a consensus 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.