Rhumbline Advisers Purchases 15,342 Shares of Carrier Global Co. (NYSE:CARR)

Rhumbline Advisers increased its holdings in Carrier Global Co. (NYSE:CARR - Free Report) by 1.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,496,330 shares of the company's stock after acquiring an additional 15,342 shares during the quarter. Rhumbline Advisers owned about 0.17% of Carrier Global worth $94,867,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CARR. BOK Financial Private Wealth Inc. lifted its position in shares of Carrier Global by 80.0% during the 4th quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company's stock valued at $25,000 after buying an additional 160 shares in the last quarter. Ritter Daniher Financial Advisory LLC DE increased its position in shares of Carrier Global by 90.0% during the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 380 shares of the company's stock valued at $26,000 after purchasing an additional 180 shares during the last quarter. Park Square Financial Group LLC bought a new position in shares of Carrier Global during the 4th quarter valued at approximately $28,000. Bradley & Co. Private Wealth Management LLC bought a new position in Carrier Global in the 4th quarter valued at $31,000. Finally, Mattson Financial Services LLC bought a new position in Carrier Global in the 4th quarter valued at $31,000. Hedge funds and other institutional investors own 91.00% of the company's stock.

Wall Street Analyst Weigh In

CARR has been the topic of a number of recent research reports. Northcoast Research raised Carrier Global from a "neutral" rating to a "buy" rating and set a $85.00 price objective on the stock in a research report on Friday, May 9th. Mizuho set a $72.00 price target on Carrier Global in a research report on Tuesday, April 22nd. Barclays boosted their price objective on Carrier Global from $83.00 to $84.00 and gave the company an "overweight" rating in a research report on Wednesday, May 7th. 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. Finally, JPMorgan Chase & Co. boosted their price objective on Carrier Global from $66.00 to $79.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Four investment 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 company. According to MarketBeat.com, Carrier Global currently has an average rating of "Moderate Buy" and a consensus target price of $83.00.

Carrier Global Stock Up 0.0%

Shares of NYSE CARR traded up $0.00 during mid-day trading on Thursday, reaching $71.39. The company had a trading volume of 3,995,886 shares, compared to its average volume of 4,645,630. Carrier Global Co. has a twelve month low of $54.22 and a twelve month high of $83.32. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25. The stock has a market capitalization of $61.20 billion, a PE ratio of 11.37, a price-to-earnings-growth ratio of 2.01 and a beta of 1.33. The stock's 50 day moving average is $66.12 and its 200-day moving average is $67.72.

Carrier Global (NYSE:CARR - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.65 earnings per share for the quarter, beating 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 business had revenue of $5.22 billion during the quarter, compared to analysts' expectations of $5.17 billion. During the same quarter last year, the company earned $0.51 earnings per share. The firm's revenue was down 3.7% on a year-over-year basis. As a group, equities analysts anticipate that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Friday, May 2nd were paid a $0.225 dividend. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $0.90 dividend on an annualized basis and a yield of 1.26%. Carrier Global's payout ratio is presently 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.