Woodline Partners LP Buys Shares of 93,409 Carrier Global Co. (NYSE:CARR)

Woodline Partners LP acquired a new stake in Carrier Global Co. (NYSE:CARR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 93,409 shares of the company's stock, valued at approximately $6,376,000.

A number of other institutional investors have also made changes to their positions in the stock. BOK Financial Private Wealth Inc. increased its position 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 valued at $25,000 after purchasing an additional 160 shares during the period. Ritter Daniher Financial Advisory LLC DE raised its position in shares of Carrier Global by 90.0% during the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 380 shares of the company's stock worth $26,000 after acquiring an additional 180 shares during the last quarter. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Carrier Global during the fourth quarter worth $31,000. Meeder Asset Management Inc. raised its position in shares of Carrier Global by 236.1% during the fourth quarter. Meeder Asset Management Inc. now owns 484 shares of the company's stock worth $33,000 after acquiring an additional 340 shares during the last quarter. Finally, Transce3nd LLC bought a new stake in Carrier Global in the fourth quarter valued at about $37,000. 91.00% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CARR shares. Wells Fargo & Company upped their price objective on Carrier Global from $65.00 to $75.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Mizuho set a $72.00 price target on Carrier Global in a report on Tuesday, April 22nd. JPMorgan Chase & Co. increased their price target 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 price target 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, Robert W. Baird increased their price target on Carrier Global from $80.00 to $88.00 and gave the stock an "outperform" rating in a report on Tuesday, May 20th. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Carrier Global presently has an average rating of "Moderate Buy" and a consensus price target of $83.00.

Carrier Global Stock Up 1.8%

NYSE CARR traded up $1.31 during trading hours on Tuesday, hitting $72.29. 3,453,372 shares of the company traded hands, compared to its average volume of 4,644,706. The business's 50-day moving average is $65.28 and its 200-day moving average is $67.84. Carrier Global Co. has a twelve month low of $54.22 and a twelve month 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 $61.97 billion, a price-to-earnings ratio of 11.51, a P/E/G ratio of 2.01 and a beta of 1.33.

Carrier Global (NYSE:CARR - Get Free Report) last released its quarterly earnings data 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. 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 analysts' expectations of $5.17 billion. During the same period last year, the firm posted $0.51 earnings per share. The business's revenue was down 3.7% on a year-over-year basis. Sell-side 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 declared a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Friday, May 2nd were issued a dividend of $0.225 per share. The ex-dividend date was Friday, May 2nd. This represents a $0.90 annualized dividend and a yield of 1.24%. Carrier Global's payout ratio is currently 13.93%.

About Carrier Global

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.