Welch Group LLC grew its position in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 8.9% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 103,549 shares of the company's stock after purchasing an additional 8,478 shares during the period. Welch Group LLC's holdings in Carrier Global were worth $6,558,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Chicago Partners Investment Group LLC lifted its position in shares of Carrier Global by 2.6% during the fourth quarter. Chicago Partners Investment Group LLC now owns 5,887 shares of the company's stock worth $403,000 after purchasing an additional 147 shares in the last quarter. Hanson & Doremus Investment Management lifted its position in shares of Carrier Global by 6.2% during the fourth quarter. Hanson & Doremus Investment Management now owns 2,572 shares of the company's stock worth $176,000 after purchasing an additional 150 shares in the last quarter. Syon Capital LLC lifted its holdings in Carrier Global by 2.2% during the 4th quarter. Syon Capital LLC now owns 7,089 shares of the company's stock worth $484,000 after buying an additional 155 shares in the last quarter. BOK Financial Private Wealth Inc. lifted its holdings in 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. Finally, Wealthspire Advisors LLC lifted its holdings in Carrier Global by 3.7% during the 4th quarter. Wealthspire Advisors LLC now owns 4,473 shares of the company's stock worth $305,000 after buying an additional 161 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on CARR. Wells Fargo & Company increased their price objective on Carrier Global from $65.00 to $75.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Carrier Global in a research report on Wednesday, May 21st. Citigroup reduced their price target on Carrier Global from $89.00 to $72.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Mizuho set a $72.00 target price on shares of Carrier Global in a report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. raised their target price on Carrier Global from $66.00 to $79.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $83.00.
Check Out Our Latest Stock Report on Carrier Global
Carrier Global Stock Performance
CARR traded down $0.29 during trading on Friday, hitting $71.12. The stock had a trading volume of 6,337,867 shares, compared to its average volume of 4,650,460. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25. The firm has a market capitalization of $60.97 billion, a P/E ratio of 11.32, a PEG ratio of 2.01 and a beta of 1.33. The company's 50-day moving average price is $65.63 and its 200 day moving average price is $67.77. Carrier Global Co. has a twelve month low of $54.22 and a twelve month 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analyst estimates of $5.17 billion. During the same period in the previous year, the business posted $0.51 earnings per share. The business's revenue was down 3.7% compared to the same quarter last year. On average, equities research analysts forecast that Carrier Global Co. will post 2.99 EPS for the current fiscal year.
Carrier Global Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Friday, May 2nd were given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 1.27%. The ex-dividend date was Friday, May 2nd. Carrier Global's payout ratio is 13.93%.
About Carrier Global
(
Free Report)
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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