Vident Advisory LLC Boosts Position in Carrier Global Co. (NYSE:CARR)

Vident Advisory LLC boosted its stake in Carrier Global Co. (NYSE:CARR - Free Report) by 1,551.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 224,637 shares of the company's stock after acquiring an additional 211,033 shares during the period. Vident Advisory LLC's holdings in Carrier Global were worth $15,334,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CARR. BOK Financial Private Wealth Inc. boosted its holdings 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 buying an additional 160 shares in the last quarter. Ritter Daniher Financial Advisory LLC DE boosted its holdings 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 worth $26,000 after buying an additional 180 shares in the last quarter. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Carrier Global during the 4th quarter worth approximately $31,000. Meeder Asset Management Inc. boosted its holdings 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 buying an additional 340 shares in the last quarter. Finally, Transce3nd LLC acquired a new position in shares of Carrier Global during the fourth quarter worth approximately $37,000. 91.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on CARR shares. Northcoast Research raised Carrier Global from a "neutral" rating to a "buy" rating and set a $85.00 target price on the stock in a research report on Friday, May 9th. Wells Fargo & Company upped their target price on Carrier Global from $65.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. Royal Bank of Canada increased their price target on Carrier Global from $86.00 to $87.00 and gave the company an "outperform" rating in a research report on Tuesday. Barclays increased their price target on Carrier Global from $83.00 to $84.00 and gave the company an "overweight" rating in a research report on Wednesday, May 7th. Finally, Robert W. Baird increased their price target on Carrier Global from $80.00 to $88.00 and gave the company an "outperform" rating in a research report on Tuesday. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Carrier Global has an average rating of "Moderate Buy" and a consensus target price of $83.00.

Carrier Global Stock Performance

CARR traded down $0.32 during trading hours 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 company's fifty day simple moving average is $65.06 and its 200 day simple moving average is $68.01. Carrier Global Co. has a 1 year low of $54.22 and a 1 year high of $83.32. The stock has a market cap of $61.53 billion, a PE ratio of 11.43, a price-to-earnings-growth ratio of 2.01 and a beta of 1.33. 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 announced its quarterly earnings data 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 return on equity of 18.82% and a net margin of 23.83%. The company had revenue of $5.22 billion during the quarter, compared to analyst estimates of $5.17 billion. During the same quarter last year, the firm posted $0.51 EPS. The firm's revenue for the quarter was down 3.7% on a year-over-year basis. Equities analysts anticipate that Carrier Global Co. will post 2.99 earnings per share for the current year.

Carrier Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Friday, May 2nd will be issued a $0.225 dividend. 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 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.