Russell Investments Group Ltd. boosted its holdings in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 1.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,489,686 shares of the company's stock after purchasing an additional 16,950 shares during the quarter. Russell Investments Group Ltd. owned about 0.18% of Carrier Global worth $85,624,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Beese Fulmer Investment Management Inc. increased its stake in Carrier Global by 0.9% in the 4th quarter. Beese Fulmer Investment Management Inc. now owns 19,474 shares of the company's stock worth $1,119,000 after acquiring an additional 181 shares during the last quarter. Graypoint LLC increased its stake in Carrier Global by 1.9% in the 4th quarter. Graypoint LLC now owns 9,752 shares of the company's stock worth $560,000 after acquiring an additional 184 shares during the last quarter. Global Wealth Management Investment Advisory Inc. increased its stake in Carrier Global by 16.0% in the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 1,450 shares of the company's stock worth $80,000 after acquiring an additional 200 shares during the last quarter. Operose Advisors LLC increased its stake in Carrier Global by 44.4% in the 3rd quarter. Operose Advisors LLC now owns 650 shares of the company's stock worth $36,000 after acquiring an additional 200 shares during the last quarter. Finally, Boston Financial Mangement LLC increased its stake in Carrier Global by 2.2% in the 3rd quarter. Boston Financial Mangement LLC now owns 9,399 shares of the company's stock worth $519,000 after acquiring an additional 201 shares during the last quarter. Institutional investors own 91.00% of the company's stock.
Carrier Global Trading Up 1.2 %
CARR traded up $0.69 during trading hours on Friday, reaching $60.50. 6,684,176 shares of the company's stock traded hands, compared to its average volume of 4,318,700. The firm has a 50-day moving average price of $56.54 and a 200 day moving average price of $54.82. Carrier Global Co. has a 52-week low of $40.28 and a 52-week high of $60.87. The company has a quick ratio of 2.40, a current ratio of 1.36 and a debt-to-equity ratio of 1.31. The firm has a market capitalization of $54.46 billion, a PE ratio of 42.31, a PEG ratio of 2.53 and a beta of 1.39.
Carrier Global (NYSE:CARR - Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.12. Carrier Global had a return on equity of 26.01% and a net margin of 5.41%. The company had revenue of $6.18 billion during the quarter, compared to analysts' expectations of $6.27 billion. As a group, sell-side analysts predict that Carrier Global Co. will post 2.84 EPS for the current fiscal year.
Carrier Global Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Friday, May 3rd will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Thursday, May 2nd. Carrier Global's dividend payout ratio is 53.15%.
Analyst Ratings Changes
A number of research firms have issued reports on CARR. Citigroup lifted their price objective on Carrier Global from $60.00 to $63.00 and gave the stock a "neutral" rating in a research note on Monday, April 8th. Royal Bank of Canada cut their target price on Carrier Global from $63.00 to $60.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 7th. Barclays boosted their target price on Carrier Global from $78.00 to $79.00 and gave the company an "overweight" rating in a research report on Friday. Wells Fargo & Company boosted their target price on Carrier Global from $59.00 to $66.00 and gave the company an "equal weight" rating in a research report on Friday. Finally, Oppenheimer boosted their target price on Carrier Global from $63.00 to $64.00 and gave the company an "outperform" rating in a research report on Friday. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $62.00.
Check Out Our Latest Analysis on Carrier Global
Insiders Place Their Bets
In other Carrier Global news, CEO David L. Gitlin sold 354,539 shares of the company's stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $54.16, for a total value of $19,201,832.24. Following the completion of the sale, the chief executive officer now directly owns 422,808 shares in the company, valued at approximately $22,899,281.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Carrier Global news, CEO David L. Gitlin sold 354,539 shares of the company's stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $54.16, for a total value of $19,201,832.24. Following the completion of the sale, the chief executive officer now directly owns 422,808 shares in the company, valued at approximately $22,899,281.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Kevin J. O'connor sold 26,551 shares of the company's stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $53.77, for a total value of $1,427,647.27. Following the completion of the sale, the vice president now owns 66,083 shares of the company's stock, valued at $3,553,282.91. The disclosure for this sale can be found here. Company insiders own 6.95% of the company's stock.
About Carrier Global
(
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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