Carrier Global Co. (NYSE:CARR) Shares Bought by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Carrier Global Co. (NYSE:CARR - Free Report) by 4.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,127 shares of the company's stock after buying an additional 4,002 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Carrier Global were worth $6,562,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. RFG Advisory LLC boosted its stake in shares of Carrier Global by 36.2% in the fourth quarter. RFG Advisory LLC now owns 7,170 shares of the company's stock valued at $489,000 after buying an additional 1,904 shares in the last quarter. Princeton Global Asset Management LLC boosted its stake in shares of Carrier Global by 1,156.1% in the fourth quarter. Princeton Global Asset Management LLC now owns 20,663 shares of the company's stock valued at $1,410,000 after buying an additional 19,018 shares in the last quarter. Ensign Peak Advisors Inc boosted its stake in shares of Carrier Global by 27.8% in the fourth quarter. Ensign Peak Advisors Inc now owns 1,314,180 shares of the company's stock valued at $89,706,000 after buying an additional 285,803 shares in the last quarter. Waldron Private Wealth LLC boosted its stake in shares of Carrier Global by 90.5% in the fourth quarter. Waldron Private Wealth LLC now owns 16,532 shares of the company's stock valued at $1,128,000 after buying an additional 7,854 shares in the last quarter. Finally, Gateway Wealth Partners LLC boosted its stake in shares of Carrier Global by 221.8% in the fourth quarter. Gateway Wealth Partners LLC now owns 10,327 shares of the company's stock valued at $705,000 after buying an additional 7,118 shares in the last quarter. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CARR has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their price target on Carrier Global from $66.00 to $79.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Wolfe Research upgraded 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. Citigroup reduced their price objective on Carrier Global from $89.00 to $72.00 and set a "buy" rating for the company in a report on Monday, April 14th. Northcoast Research raised Carrier Global from a "neutral" rating to a "buy" rating and set a $85.00 price objective for the company in a report on Friday, May 9th. Finally, Royal Bank of Canada lifted their price objective on Carrier Global from $86.00 to $87.00 and gave the stock an "outperform" rating in a report on Tuesday. Four investment 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $83.00.

Carrier Global Price Performance

Shares of NYSE CARR traded down $0.77 during trading on Friday, reaching $71.00. The company had a trading volume of 4,450,718 shares, compared to its average volume of 4,639,541. Carrier Global Co. has a twelve month low of $54.22 and a twelve month high of $83.32. The stock has a market capitalization of $60.87 billion, a PE ratio of 11.31, a price-to-earnings-growth ratio of 2.01 and a beta of 1.33. The stock has a 50-day moving average price of $65.21 and a two-hundred day moving average price of $67.98. 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 (NYSE:CARR - Get Free Report) last released 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 company had revenue of $5.22 billion during the quarter, compared to analysts' expectations of $5.17 billion. During the same period in the previous year, the firm posted $0.51 earnings per share. The business's revenue for the quarter was down 3.7% compared to the same quarter last year. As a group, sell-side analysts predict 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 was paid on Thursday, May 22nd. Stockholders of record on Friday, May 2nd were issued a $0.225 dividend. 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 dividend payout ratio (DPR) is 13.93%.

About Carrier Global

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.