Tidal Investments LLC Purchases 72,546 Shares of Carrier Global Co. (NYSE:CARR)

Tidal Investments LLC raised its holdings in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 142.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 123,471 shares of the company's stock after purchasing an additional 72,546 shares during the period. Tidal Investments LLC's holdings in Carrier Global were worth $8,428,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its stake in shares of Carrier Global by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 17,357,770 shares of the company's stock worth $1,181,300,000 after acquiring an additional 420,081 shares in the last quarter. Fisher Asset Management LLC boosted its position in Carrier Global by 0.3% during the fourth quarter. Fisher Asset Management LLC now owns 14,313,331 shares of the company's stock worth $977,028,000 after purchasing an additional 46,222 shares during the period. Northern Trust Corp lifted its holdings in shares of Carrier Global by 16.7% during the fourth quarter. Northern Trust Corp now owns 8,847,377 shares of the company's stock worth $603,922,000 after buying an additional 1,266,137 shares in the last quarter. Norges Bank acquired a new position in Carrier Global in the fourth quarter valued at about $588,029,000. Finally, Pictet Asset Management Holding SA raised its stake in Carrier Global by 2.1% in the fourth quarter. Pictet Asset Management Holding SA now owns 6,080,842 shares of the company's stock valued at $415,078,000 after purchasing an additional 126,174 shares in the last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on CARR shares. Barclays boosted their price target on Carrier Global from $83.00 to $84.00 and gave the stock an "overweight" rating in a report on Wednesday, May 7th. Mizuho set a $72.00 price target on Carrier Global in a research note on Tuesday, April 22nd. Royal Bank of Canada increased their target price on Carrier Global from $71.00 to $82.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Wells Fargo & Company increased their price target on Carrier Global from $65.00 to $75.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. Finally, Northcoast Research upgraded Carrier Global from a "neutral" rating to a "buy" rating and set a $85.00 price target for the company in a research note on Friday, May 9th. Four 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.com, Carrier Global has an average rating of "Moderate Buy" and a consensus target price of $82.53.

Carrier Global Stock Performance

Shares of CARR opened at $75.85 on Tuesday. The company has a quick ratio of 0.96, a current ratio of 1.25 and a debt-to-equity ratio of 0.77. The business has a 50-day simple moving average of $64.73 and a two-hundred day simple moving average of $67.93. The stock has a market cap of $65.03 billion, a price-to-earnings ratio of 12.08, a PEG ratio of 2.01 and a beta of 1.33. Carrier Global Co. has a 52 week low of $54.22 and a 52 week high of $83.32.

Carrier Global (NYSE:CARR - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.65 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.07. The business had revenue of $5.22 billion during the quarter, compared to analysts' expectations of $5.17 billion. Carrier Global had a return on equity of 18.82% and a net margin of 23.83%. The business's quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.51 earnings per share. On average, analysts expect that Carrier Global Co. will post 2.99 EPS for the current year.

Carrier Global Announces Dividend

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 paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend is Friday, May 2nd. 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.

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