Temasek Holdings Private Ltd Grows Stake in Carrier Global Co. (NYSE:CARR)

Temasek Holdings Private Ltd boosted its holdings in Carrier Global Co. (NYSE:CARR - Free Report) by 243.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 139,437 shares of the company's stock after purchasing an additional 98,821 shares during the period. Temasek Holdings Private Ltd's holdings in Carrier Global were worth $9,518,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BOK Financial Private Wealth Inc. raised 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 worth $25,000 after purchasing an additional 160 shares during the period. Ritter Daniher Financial Advisory LLC DE boosted its stake in 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 in the last quarter. Bradley & Co. Private Wealth Management LLC bought a new position in Carrier Global during the 4th quarter valued at $31,000. Meeder Asset Management Inc. boosted its stake in shares of Carrier Global by 236.1% during the 4th quarter. Meeder Asset Management Inc. now owns 484 shares of the company's stock worth $33,000 after acquiring an additional 340 shares in the last quarter. Finally, Transce3nd LLC bought a new stake in shares of Carrier Global during the 4th quarter worth $37,000. Institutional investors and hedge funds own 91.00% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. raised their target price on Carrier Global from $66.00 to $79.00 and gave the company an "overweight" rating in a report on Friday, May 16th. 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 boosted 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 upped their target price on shares of Carrier Global from $80.00 to $88.00 and gave the company an "outperform" rating in a research report on Tuesday. Finally, Mizuho set a $72.00 price target on shares of Carrier Global in a report on Tuesday, April 22nd. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $83.00.

Carrier Global Stock Down 3.8%

Carrier Global stock traded down $2.88 during midday trading on Wednesday, hitting $72.07. 5,182,004 shares of the stock were exchanged, compared to its average volume of 4,627,961. Carrier Global Co. has a 52-week low of $54.22 and a 52-week high of $83.32. The stock has a market capitalization of $61.79 billion, a price-to-earnings ratio of 11.48, a price-to-earnings-growth ratio of 2.01 and a beta of 1.33. The business's 50-day moving average price is $64.95 and its 200-day moving average price is $67.98. The company has a quick ratio of 0.96, a current ratio of 1.25 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 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 for 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. The firm's revenue for the quarter was down 3.7% compared to the same quarter last year. On average, research analysts expect that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Friday, May 2nd will be issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 1.25%. The ex-dividend date is Friday, May 2nd. 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.