Gotham Asset Management LLC Purchases 3,833 Shares of Carrier Global Co. (NYSE:CARR)

Gotham Asset Management LLC lifted its holdings in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 86.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,260 shares of the company's stock after acquiring an additional 3,833 shares during the quarter. Gotham Asset Management LLC's holdings in Carrier Global were worth $564,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. UMB Bank n.a. increased its position in shares of Carrier Global by 1.1% in the 4th quarter. UMB Bank n.a. now owns 13,293 shares of the company's stock worth $907,000 after purchasing an additional 143 shares during the last quarter. Chicago Partners Investment Group LLC raised its stake in Carrier Global by 2.6% during the fourth quarter. Chicago Partners Investment Group LLC now owns 5,887 shares of the company's stock worth $403,000 after acquiring an additional 147 shares during the period. Hanson & Doremus Investment Management raised its stake in Carrier Global by 6.2% during the fourth quarter. Hanson & Doremus Investment Management now owns 2,572 shares of the company's stock worth $176,000 after acquiring an additional 150 shares during the period. Syon Capital LLC raised its stake in Carrier Global by 2.2% during the fourth quarter. Syon Capital LLC now owns 7,089 shares of the company's stock worth $484,000 after acquiring an additional 155 shares during the period. Finally, BOK Financial Private Wealth Inc. raised its stake in Carrier Global by 80.0% during the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company's stock worth $25,000 after acquiring an additional 160 shares during the period. Institutional investors and hedge funds own 91.00% of the company's stock.

Carrier Global Stock Performance

NYSE CARR traded down $0.77 during midday trading on Friday, hitting $71.00. The company had a trading volume of 4,450,718 shares, compared to its average volume of 4,639,541. The company has a quick ratio of 0.96, a current ratio of 1.25 and a debt-to-equity ratio of 0.77. The stock has a market cap of $60.87 billion, a price-to-earnings ratio of 11.31, a P/E/G ratio of 2.01 and a beta of 1.33. The firm has a fifty day simple moving average of $65.21 and a two-hundred day simple moving average of $67.98. Carrier Global Co. has a fifty-two week low of $54.22 and a fifty-two week high of $83.32.

Carrier Global (NYSE:CARR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.07. Carrier Global had a net margin of 23.83% and a return on equity of 18.82%. The company had revenue of $5.22 billion for the quarter, compared to analyst estimates of $5.17 billion. During the same period last year, the business posted $0.51 EPS. The business's quarterly revenue was down 3.7% on a year-over-year basis. Equities analysts forecast that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

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

Analyst Ratings Changes

Several research firms recently weighed in on CARR. Wolfe Research upgraded shares of Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 price objective on the stock in a research note on Monday, February 24th. Wells Fargo & Company upped their target price on shares of Carrier Global from $65.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. Northcoast Research upgraded shares of Carrier Global from a "neutral" rating to a "buy" rating and set a $85.00 target price for the company in a research report on Friday, May 9th. Mizuho set a $72.00 target price on shares of Carrier Global in a research report on Tuesday, April 22nd. Finally, Citigroup decreased their target price on shares of Carrier Global from $89.00 to $72.00 and set a "buy" rating for the company in a research 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. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price 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.