NewEdge Advisors LLC Has $2.78 Million Stock Position in Carrier Global Co. (NYSE:CARR)

NewEdge Advisors LLC increased its holdings in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 12.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 40,714 shares of the company's stock after purchasing an additional 4,525 shares during the period. NewEdge Advisors LLC's holdings in Carrier Global were worth $2,779,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Iron Gate Global Advisors LLC purchased a new position in Carrier Global in the 4th quarter worth $927,000. Main Street Financial Solutions LLC grew its holdings in shares of Carrier Global by 13.0% in the fourth quarter. Main Street Financial Solutions LLC now owns 3,523 shares of the company's stock valued at $240,000 after purchasing an additional 406 shares during the period. Delaney Dennis R raised its position in Carrier Global by 16.1% in the fourth quarter. Delaney Dennis R now owns 44,080 shares of the company's stock valued at $3,009,000 after purchasing an additional 6,114 shares during the period. Jump Financial LLC purchased a new stake in Carrier Global in the fourth quarter valued at approximately $248,000. Finally, Bridgewater Associates LP acquired a new stake in shares of Carrier Global during the fourth quarter worth about $265,000. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CARR shares. JPMorgan Chase & Co. reduced their price objective on shares of Carrier Global from $78.00 to $64.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Barclays reduced their price objective on shares of Carrier Global from $87.00 to $83.00 and set an "overweight" rating for the company in a research note on Wednesday, March 26th. Royal Bank of Canada decreased their price objective on shares of Carrier Global from $86.00 to $76.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 12th. Mizuho set a $72.00 price objective on Carrier Global in a research report on Tuesday, April 22nd. Finally, Wells Fargo & Company reduced their price target on Carrier Global from $75.00 to $70.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 12th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Carrier Global presently has an average rating of "Moderate Buy" and an average price target of $79.73.

Carrier Global Stock Down 0.4 %

NYSE CARR traded down $0.26 on Friday, hitting $60.05. 3,862,616 shares of the stock traded hands, compared to its average volume of 4,488,941. The stock has a 50-day moving average of $63.21 and a 200 day moving average of $68.79. Carrier Global Co. has a twelve month low of $54.22 and a twelve month high of $83.32. The company has a market capitalization of $51.88 billion, a P/E ratio of 9.56, a price-to-earnings-growth ratio of 2.01 and a beta of 1.33. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77.

Carrier Global (NYSE:CARR - Get Free Report) last issued its earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.03. Carrier Global had a return on equity of 18.82% and a net margin of 23.83%. During the same period last year, the firm earned $0.53 EPS. As a group, analysts expect that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Friday, May 2nd will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend is Friday, May 2nd. Carrier Global's dividend payout ratio (DPR) is presently 14.33%.

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.