Maven Securities LTD decreased its stake in Carrier Global Co. (NYSE:CARR - Free Report) by 68.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,500 shares of the company's stock after selling 13,900 shares during the quarter. Maven Securities LTD's holdings in Carrier Global were worth $444,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Carrier Global during the fourth quarter worth $588,029,000. Wealthfront Advisers LLC raised its stake in Carrier Global by 5,840.1% in the fourth quarter. Wealthfront Advisers LLC now owns 5,000,000 shares of the company's stock valued at $341,300,000 after buying an additional 4,915,826 shares in the last quarter. Brown Advisory Inc. raised its stake in Carrier Global by 139.1% in the fourth quarter. Brown Advisory Inc. now owns 5,296,577 shares of the company's stock valued at $361,544,000 after buying 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 $166,061,000. Finally, Raymond James Financial Inc. acquired a new stake in Carrier Global in the fourth quarter valued at $108,433,000. 91.00% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on CARR. Mizuho set a $72.00 target price on Carrier Global in a research report on Tuesday, April 22nd. Wells Fargo & Company lifted their target price on Carrier Global from $65.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. Wolfe Research upgraded Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 target price on the stock in a research report on Monday, February 24th. Northcoast Research raised Carrier Global from a "neutral" rating to a "buy" rating and set a $85.00 price target on the stock in a report on Friday, May 9th. Finally, Royal Bank of Canada raised their price target on Carrier Global from $71.00 to $82.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Carrier Global currently has an average rating of "Moderate Buy" and an average price target of $82.53.
Read Our Latest Stock Report on Carrier Global
Carrier Global Stock Up 0.4%
Carrier Global stock traded up $0.27 during trading on Monday, reaching $75.89. 2,653,522 shares of the company's stock were exchanged, compared to its average volume of 4,602,154. The company's 50-day moving average is $64.53 and its two-hundred day moving average is $67.91. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25. Carrier Global Co. has a 52-week low of $54.22 and a 52-week high of $83.32. The firm has a market cap of $65.06 billion, a price-to-earnings ratio of 12.09, a PEG ratio of 2.01 and a beta of 1.33.
Carrier Global (NYSE:CARR - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.65 earnings per share for the quarter, beating analysts' consensus estimates of $0.58 by $0.07. The company had revenue of $5.22 billion during the quarter, compared to analysts' expectations of $5.17 billion. Carrier Global had a net margin of 23.83% and a return on equity of 18.82%. The firm's revenue for the quarter was down 3.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.51 EPS. On average, analysts predict that Carrier Global Co. will post 2.99 earnings per share for the current year.
Carrier Global Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Friday, May 2nd will be paid a $0.225 dividend. The ex-dividend date 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 (DPR) is presently 13.93%.
Carrier Global Company Profile
(
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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