Zurich Insurance Group Ltd FI Has $53.70 Million Stock Position in Carrier Global Co. (NYSE:CARR)

Zurich Insurance Group Ltd FI reduced its stake in Carrier Global Co. (NYSE:CARR - Free Report) by 51.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 786,737 shares of the company's stock after selling 834,326 shares during the period. Zurich Insurance Group Ltd FI owned 0.09% of Carrier Global worth $53,703,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BOK Financial Private Wealth Inc. increased its position in shares of Carrier Global by 80.0% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company's stock valued at $25,000 after acquiring an additional 160 shares during the last quarter. Ritter Daniher Financial Advisory LLC DE boosted its stake in shares of Carrier Global by 90.0% in the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 380 shares of the company's stock valued at $26,000 after buying an additional 180 shares during the period. Bradley & Co. Private Wealth Management LLC bought a new stake in Carrier Global during the fourth quarter worth $31,000. Meeder Asset Management Inc. lifted its stake in 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 purchasing an additional 340 shares during the last quarter. Finally, Transce3nd LLC acquired a new position in shares of Carrier Global during the fourth quarter worth $37,000. 91.00% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CARR has been the subject of a number of recent analyst reports. Northcoast Research upgraded Carrier Global from a "neutral" rating to a "buy" rating and set a $85.00 price target for the company in a report on Friday, May 9th. JPMorgan Chase & Co. lifted their target price on shares of Carrier Global from $66.00 to $79.00 and gave the stock an "overweight" rating in a research report on Friday. Royal Bank of Canada lifted their price target on shares of Carrier Global from $71.00 to $82.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Mizuho set a $72.00 target price on shares of Carrier Global in a report on Tuesday, April 22nd. Finally, Wolfe Research raised shares of Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 price target on the stock in a report on Monday, February 24th. Four equities 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 company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $82.53.

Carrier Global Trading Up 0.3%

NYSE:CARR opened at $75.85 on Tuesday. Carrier Global Co. has a 52 week low of $54.22 and a 52 week high of $83.32. The company has a quick ratio of 0.96, a current ratio of 1.25 and a debt-to-equity ratio of 0.77. The company's 50 day moving average price is $64.73 and its 200-day moving average price is $67.93. The stock has a market cap of $65.03 billion, a price-to-earnings ratio of 12.08, a PEG ratio of 2.01 and a beta of 1.33.

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

Carrier Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Friday, May 2nd will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.19%. Carrier Global's dividend payout ratio is presently 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.

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