Northstar Financial Companies Inc. Acquires Shares of 5,129 Carrier Global Co. (NYSE:CARR)

Northstar Financial Companies Inc. purchased a new position in shares of Carrier Global Co. (NYSE:CARR - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 5,129 shares of the company's stock, valued at approximately $350,000.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC lifted its stake in 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 purchasing an additional 1,850 shares in the last quarter. RFG Advisory LLC lifted its stake in Carrier Global by 36.2% in the 4th quarter. RFG Advisory LLC now owns 7,170 shares of the company's stock worth $489,000 after purchasing an additional 1,904 shares in the last quarter. Flagship Harbor Advisors LLC lifted its stake in Carrier Global by 5.8% in 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. lifted its stake in Carrier Global by 4.6% in the 4th quarter. First Citizens Bank & Trust Co. now owns 10,641 shares of the company's stock worth $726,000 after purchasing an additional 469 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in Carrier Global by 47.3% in the 4th quarter. Blue Trust Inc. now owns 8,774 shares of the company's stock worth $599,000 after purchasing an additional 2,816 shares in the last quarter. 91.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CARR. Wolfe Research upgraded shares of Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 price target for the company in a report on Monday, February 24th. Barclays raised their price target on shares of Carrier Global from $83.00 to $84.00 and gave the stock an "overweight" rating in a report on Wednesday, May 7th. Northcoast Research upgraded shares of Carrier Global from a "neutral" rating to a "buy" rating and set a $85.00 price target for the company in a report on Friday, May 9th. Royal Bank of Canada raised their price target on shares of Carrier Global from $86.00 to $87.00 and gave the stock an "outperform" rating in a report on Tuesday, May 20th. Finally, Citigroup dropped their target price on shares of Carrier Global from $89.00 to $72.00 and set a "buy" rating for the company in a report on Monday, April 14th. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Carrier Global has an average rating of "Moderate Buy" and an average price target of $83.00.

Carrier Global Stock Down 0.4%

Shares of Carrier Global stock traded down $0.29 during trading on Friday, hitting $71.12. 6,337,867 shares of the stock were exchanged, compared to its average volume of 4,650,460. Carrier Global Co. has a 12-month low of $54.22 and a 12-month high of $83.32. The stock has a market cap of $60.97 billion, a price-to-earnings ratio of 11.32, a price-to-earnings-growth 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. The firm's 50-day moving average price is $65.63 and its 200 day moving average price is $67.72.

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, beating analysts' consensus estimates of $0.58 by $0.07. Carrier Global had a net margin of 23.83% and a return on equity of 18.82%. The firm 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 company earned $0.51 earnings per share. Carrier Global's quarterly revenue was down 3.7% compared to the same quarter last year. As a group, analysts forecast that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

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

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.