Twinbeech Capital LP Has $61.33 Million Stock Position in Carrier Global Co. (NYSE:CARR)

Twinbeech Capital LP grew its stake in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 6,727.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 898,416 shares of the company's stock after buying an additional 885,257 shares during the quarter. Carrier Global makes up 1.0% of Twinbeech Capital LP's holdings, making the stock its 21st biggest holding. Twinbeech Capital LP owned approximately 0.10% of Carrier Global worth $61,326,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BOK Financial Private Wealth Inc. grew its stake in shares of Carrier Global by 80.0% during the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company's stock worth $25,000 after buying an additional 160 shares during the last quarter. Ritter Daniher Financial Advisory LLC DE grew its stake in shares of Carrier Global by 90.0% in the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 380 shares of the company's stock worth $26,000 after purchasing an additional 180 shares during the last quarter. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Carrier Global in the fourth quarter worth $31,000. Meeder Asset Management Inc. grew its stake in shares of Carrier Global by 236.1% in the fourth quarter. Meeder Asset Management Inc. now owns 484 shares of the company's stock worth $33,000 after purchasing an additional 340 shares during the last quarter. Finally, Transce3nd LLC bought a new stake in shares of Carrier Global in the fourth quarter worth $37,000. Institutional investors own 91.00% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Citigroup reduced their price objective on shares of Carrier Global from $89.00 to $72.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Northcoast Research raised shares of Carrier Global from a "neutral" rating to a "buy" rating and set a $85.00 price objective on the stock in a research note on Friday, May 9th. Wolfe Research raised shares of Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 price objective on the stock in a research note on Monday, February 24th. Wells Fargo & Company boosted their price objective on shares of Carrier Global from $65.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Monday, May 5th. Finally, 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 note on Wednesday, May 7th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $83.00.

Carrier Global Trading Down 0.4%

CARR stock traded down $0.32 during midday trading on Thursday, hitting $71.77. The stock had a trading volume of 4,882,334 shares, compared to its average volume of 4,632,814. The business has a fifty day moving average price of $65.06 and a two-hundred day moving average price of $68.01. Carrier Global Co. has a 1-year low of $54.22 and a 1-year high of $83.32. The firm has a market cap of $61.53 billion, a P/E ratio of 11.43, a price-to-earnings-growth ratio of 2.01 and a beta of 1.33. 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 announced its quarterly earnings data 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 firm had revenue of $5.22 billion for the quarter, compared to analyst estimates of $5.17 billion. During the same quarter in the prior year, the business earned $0.51 earnings per share. The business's quarterly revenue was down 3.7% compared to the same quarter last year. On average, sell-side analysts predict that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Friday, May 2nd will be issued a dividend of $0.225 per share. The ex-dividend date is Friday, May 2nd. This represents a $0.90 annualized dividend and a dividend yield of 1.25%. Carrier Global's dividend payout ratio is currently 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.