Carrier Global Co. (NYSE:CARR) Shares Acquired by Waverly Advisors LLC

Waverly Advisors LLC raised its position in Carrier Global Co. (NYSE:CARR - Free Report) by 64.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,491 shares of the company's stock after buying an additional 5,678 shares during the quarter. Waverly Advisors LLC's holdings in Carrier Global were worth $989,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Carrier Global in the 4th quarter valued at approximately $588,029,000. Wealthfront Advisers LLC increased its stake in shares of Carrier Global by 5,840.1% during the fourth quarter. Wealthfront Advisers LLC now owns 5,000,000 shares of the company's stock worth $341,300,000 after acquiring an additional 4,915,826 shares during the period. Brown Advisory Inc. raised its holdings in Carrier Global by 139.1% during the fourth quarter. Brown Advisory Inc. now owns 5,296,577 shares of the company's stock worth $361,544,000 after purchasing an additional 3,080,984 shares in the last quarter. Artisan Partners Limited Partnership acquired a new stake in Carrier Global in the fourth quarter valued at about $166,061,000. Finally, Raymond James Financial Inc. purchased a new stake in Carrier Global in the 4th quarter valued at approximately $108,433,000. Institutional investors and hedge funds own 91.00% of the company's stock.

Carrier Global Price Performance

CARR traded down $1.28 during midday trading on Wednesday, reaching $71.05. 3,825,149 shares of the company's stock were exchanged, compared to its average volume of 4,641,459. The business's 50-day moving average price is $65.40 and its 200 day moving average price is $67.87. The stock has a market capitalization of $60.91 billion, a PE ratio of 11.31, a P/E/G ratio of 2.01 and a beta of 1.33. Carrier Global Co. has a 1-year low of $54.22 and a 1-year high of $83.32. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96.

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

Carrier Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Friday, May 2nd were given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date was Friday, May 2nd. Carrier Global's dividend payout ratio is presently 13.93%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. increased their target price on Carrier Global from $66.00 to $79.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Northcoast Research upgraded Carrier Global from a "neutral" rating to a "buy" rating and set a $85.00 price objective for the company in a research report on Friday, May 9th. Mizuho set a $72.00 target price on Carrier Global in a report on Tuesday, April 22nd. Royal Bank of Canada boosted their target price on shares of Carrier Global from $86.00 to $87.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 20th. Finally, Barclays increased their price target on shares of Carrier Global from $83.00 to $84.00 and gave the company an "overweight" rating in a report on Wednesday, May 7th. Four equities 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 company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $83.00.

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.