Woodline Partners LP Makes New Investment in Carrier Global Co. (NYSE:CARR)

Woodline Partners LP bought a new stake in shares of Carrier Global Co. (NYSE:CARR - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 93,409 shares of the company's stock, valued at approximately $6,376,000.

A number of other institutional investors have also recently modified their holdings of CARR. Simon Quick Advisors LLC lifted its position in shares of Carrier Global by 5.4% during the 4th quarter. Simon Quick Advisors LLC now owns 3,235 shares of the company's stock valued at $221,000 after acquiring an additional 167 shares during the period. Dakota Wealth Management lifted its position in shares of Carrier Global by 18.5% during the 4th quarter. Dakota Wealth Management now owns 22,235 shares of the company's stock worth $1,518,000 after buying an additional 3,478 shares during the last quarter. Advisory Alpha LLC bought a new stake in shares of Carrier Global during the 4th quarter worth $239,000. Bartlett & CO. Wealth Management LLC lifted its position in shares of Carrier Global by 2.6% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 29,560 shares of the company's stock worth $2,024,000 after buying an additional 742 shares during the last quarter. Finally, New Century Financial Group LLC bought a new stake in shares of Carrier Global during the 4th quarter worth $229,000. 91.00% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Royal Bank of Canada upped their price objective on Carrier Global from $86.00 to $87.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 20th. Wolfe Research upgraded Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 price objective for the company in a research report on Monday, February 24th. JPMorgan Chase & Co. upped their target price on Carrier Global from $66.00 to $79.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Citigroup lowered their target price on Carrier Global from $89.00 to $72.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, 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 report on Monday, May 5th. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Carrier Global presently has an average rating of "Moderate Buy" and a consensus target price of $83.00.

Carrier Global Trading Down 0.1%

Shares of CARR traded down $0.09 during mid-day trading on Thursday, reaching $70.95. 771,963 shares of the company were exchanged, compared to its average volume of 4,631,959. Carrier Global Co. has a 52 week low of $54.22 and a 52 week high of $83.32. 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 stock has a market capitalization of $60.83 billion, a PE ratio of 11.29, a PEG ratio of 2.01 and a beta of 1.33. The business has a 50 day simple moving average of $65.50 and a two-hundred day simple moving average of $67.89.

Carrier Global (NYSE:CARR - Get Free Report) last issued its quarterly earnings data 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 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 the consensus estimate of $5.17 billion. During the same period last year, the company earned $0.51 earnings per share. The firm's revenue was down 3.7% compared to the same quarter last year. On average, analysts predict that Carrier Global Co. will post 2.99 earnings per share 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 issued a $0.225 dividend. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $0.90 dividend on an annualized basis and a yield of 1.27%. Carrier Global's 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.