3,760 Shares in Carrier Global Co. (NYSE:CARR) Bought by Nebula Research & Development LLC

Nebula Research & Development LLC acquired a new stake in Carrier Global Co. (NYSE:CARR - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,760 shares of the company's stock, valued at approximately $257,000.

Several other institutional investors and hedge funds have also bought and sold shares of CARR. Burling Wealth Partners LLC bought a new position in Carrier Global in the 4th quarter worth about $2,042,000. Syon Capital LLC boosted its position in shares of Carrier Global by 2.2% in the fourth quarter. Syon Capital LLC now owns 7,089 shares of the company's stock valued at $484,000 after acquiring an additional 155 shares during the period. Coppell Advisory Solutions LLC grew its stake in Carrier Global by 33.1% during the fourth quarter. Coppell Advisory Solutions LLC now owns 1,623 shares of the company's stock valued at $111,000 after acquiring an additional 404 shares in the last quarter. Beck Capital Management LLC increased its holdings in Carrier Global by 3.2% during the 4th quarter. Beck Capital Management LLC now owns 10,569 shares of the company's stock worth $721,000 after acquiring an additional 325 shares during the period. Finally, Brasada Capital Management LP increased its holdings in Carrier Global by 3.3% during the 4th quarter. Brasada Capital Management LP now owns 62,287 shares of the company's stock worth $4,196,000 after acquiring an additional 1,996 shares during the period. 91.00% of the stock is owned by institutional investors.

Carrier Global Trading Down 1.0 %

Shares of NYSE:CARR traded down $0.68 during midday trading on Tuesday, hitting $70.13. 1,936,809 shares of the stock traded hands, compared to its average volume of 4,506,708. 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 business's 50 day moving average is $63.16 and its two-hundred day moving average is $68.13. The stock has a market capitalization of $60.59 billion, a PE ratio of 11.17, a P/E/G ratio of 2.01 and a beta of 1.33. Carrier Global Co. has a one year low of $54.22 and a one year high of $83.32.

Carrier Global (NYSE:CARR - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.65 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 business had revenue of $5.22 billion during the quarter, compared to analyst estimates of $5.17 billion. During the same quarter in the prior year, the company posted $0.51 EPS. Carrier Global's quarterly revenue was down 3.7% compared to the same quarter last year. As a group, research analysts forecast 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 given a $0.225 dividend. The ex-dividend date is Friday, May 2nd. This represents a $0.90 annualized dividend and a dividend yield of 1.28%. Carrier Global's dividend payout ratio is 13.93%.

Wall Street Analyst Weigh In

CARR has been the subject of a number of recent analyst reports. Barclays reduced their price target on shares of Carrier Global from $87.00 to $83.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. Mizuho set a $72.00 target price on Carrier Global in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. lowered their price target on Carrier Global from $78.00 to $64.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Citigroup cut their price objective 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, Royal Bank of Canada raised their target price on shares of Carrier Global from $71.00 to $82.00 and gave the company an "outperform" rating in a research note on Friday. Five analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $81.21.

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.