Mufg Securities Americas Inc. Buys Shares of 12,317 Carrier Global Co. (NYSE:CARR)

Mufg Securities Americas Inc. acquired a new stake in shares of Carrier Global Co. (NYSE:CARR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 12,317 shares of the company's stock, valued at approximately $841,000.

A number of other large investors have also made changes to their positions in CARR. BOK Financial Private Wealth Inc. boosted its stake in Carrier Global by 80.0% in 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 during the last quarter. Ritter Daniher Financial Advisory LLC DE boosted its stake in Carrier Global by 90.0% in the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 380 shares of the company's stock worth $26,000 after buying an additional 180 shares during the last quarter. Bradley & Co. Private Wealth Management LLC acquired a new stake in Carrier Global in the 4th quarter worth about $31,000. Meeder Asset Management Inc. boosted its stake in Carrier Global by 236.1% in the 4th quarter. Meeder Asset Management Inc. now owns 484 shares of the company's stock worth $33,000 after buying an additional 340 shares during the last quarter. Finally, Transce3nd LLC acquired a new stake in Carrier Global in the 4th quarter worth about $37,000. Institutional investors and hedge funds own 91.00% of the company's stock.

Carrier Global Stock Up 2.9%

Shares of NYSE:CARR traded up $2.15 during mid-day trading on Friday, hitting $75.63. 7,296,531 shares of the company traded hands, compared to its average volume of 4,609,412. The firm has a market cap of $64.83 billion, a P/E ratio of 12.04, a PEG ratio of 2.01 and a beta of 1.33. 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's 50 day simple moving average is $64.53 and its 200 day simple moving average is $67.94.

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 (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $5.17 billion. During the same period in the previous year, the business earned $0.51 EPS. Carrier Global's revenue for the quarter was down 3.7% compared to the same quarter last year. On average, equities analysts anticipate that Carrier Global Co. will post 2.99 EPS for the current year.

Carrier Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Friday, May 2nd will be issued 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 13.93%.

Analyst Ratings Changes

A number of analysts have issued reports on CARR shares. JPMorgan Chase & Co. raised their price target on Carrier Global from $66.00 to $79.00 and gave the stock an "overweight" rating in a research note on Friday. Barclays raised their price target on Carrier Global from $83.00 to $84.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 7th. Northcoast Research raised Carrier Global from a "neutral" rating to a "buy" rating and set a $85.00 price objective on the stock in a research note on Friday, May 9th. Mizuho set a $72.00 price objective on Carrier Global in a research note on Tuesday, April 22nd. Finally, Wolfe Research raised Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 price objective on the stock in a research note on Monday, February 24th. Four equities 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. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $82.53.

Carrier Global 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.