Lansforsakringar Fondforvaltning AB publ Invests $18.48 Million in Carrier Global Co. (NYSE:CARR)

Lansforsakringar Fondforvaltning AB publ purchased a new stake in shares of Carrier Global Co. (NYSE:CARR - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 270,719 shares of the company's stock, valued at approximately $18,479,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its holdings in shares of Carrier Global by 30.3% in the 4th quarter. Brighton Jones LLC now owns 7,958 shares of the company's stock worth $543,000 after acquiring an additional 1,850 shares in the last quarter. RFG Advisory LLC raised its stake in Carrier Global by 36.2% during the 4th quarter. RFG Advisory LLC now owns 7,170 shares of the company's stock worth $489,000 after buying an additional 1,904 shares during the period. Flagship Harbor Advisors LLC increased its holdings in Carrier Global by 5.8% during the 4th quarter. Flagship Harbor Advisors LLC now owns 5,447 shares of the company's stock worth $372,000 after purchasing an additional 301 shares in the last quarter. First Citizens Bank & Trust Co. grew its holdings in shares of Carrier Global by 4.6% in the 4th quarter. First Citizens Bank & Trust Co. now owns 10,641 shares of the company's stock valued at $726,000 after acquiring an additional 469 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Carrier Global by 47.3% in the 4th quarter. Blue Trust Inc. now owns 8,774 shares of the company's stock valued at $599,000 after acquiring an additional 2,816 shares in the last quarter. 91.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on CARR. 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 note on Friday, May 9th. Barclays raised their price objective on shares of Carrier Global from $83.00 to $84.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 7th. Robert W. Baird raised their price objective on shares of Carrier Global from $80.00 to $88.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 20th. The Goldman Sachs Group restated a "buy" rating on shares of Carrier Global in a research report on Wednesday, May 21st. Finally, Wolfe Research upgraded shares of Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 price objective for the company in a research report on Monday, February 24th. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Carrier Global presently has an average rating of "Moderate Buy" and an average price target of $83.00.

Carrier Global Price Performance

NYSE:CARR traded down $0.29 during mid-day trading on Friday, reaching $71.12. The stock had a trading volume of 6,337,867 shares, compared to its average volume of 4,650,460. The stock has a 50-day simple moving average of $65.63 and a two-hundred day simple moving average of $67.72. The stock has a market capitalization of $60.97 billion, a PE ratio of 11.32, a P/E/G ratio of 2.01 and a beta of 1.33. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96. Carrier Global Co. has a 12 month low of $54.22 and a 12 month high of $83.32.

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, topping analysts' consensus estimates 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%. The company's revenue was down 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.51 earnings per share. On average, equities analysts anticipate that Carrier Global Co. will post 2.99 earnings per share for the current year.

Carrier Global Dividend Announcement

The business also recently announced 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. The ex-dividend date was Friday, May 2nd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.27%. Carrier Global's payout ratio is presently 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.