National Pension Service Raises Stock Position in Carrier Global Co. (NYSE:CARR)

National Pension Service raised its stake in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 2.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,743,296 shares of the company's stock after purchasing an additional 44,613 shares during the period. National Pension Service owned 0.21% of Carrier Global worth $100,152,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Raymond James Financial Services Advisors Inc. raised its position in shares of Carrier Global by 4.2% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 163,655 shares of the company's stock worth $9,034,000 after acquiring an additional 6,600 shares in the last quarter. Brighton Jones LLC raised its position in shares of Carrier Global by 9.1% in the 3rd quarter. Brighton Jones LLC now owns 4,830 shares of the company's stock worth $267,000 after acquiring an additional 402 shares in the last quarter. Strs Ohio raised its position in shares of Carrier Global by 2.1% in the 3rd quarter. Strs Ohio now owns 280,221 shares of the company's stock worth $15,468,000 after acquiring an additional 5,801 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Carrier Global by 2.6% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 145,391 shares of the company's stock worth $8,026,000 after acquiring an additional 3,691 shares in the last quarter. Finally, Advisor Partners II LLC grew its stake in shares of Carrier Global by 9.5% in the 3rd quarter. Advisor Partners II LLC now owns 43,346 shares of the company's stock valued at $2,393,000 after buying an additional 3,753 shares during the period. 91.00% of the stock is owned by institutional investors.

Carrier Global Stock Performance

Shares of NYSE:CARR traded up $0.92 during mid-day trading on Thursday, reaching $65.23. The company had a trading volume of 2,662,797 shares, compared to its average volume of 4,811,897. The company has a current ratio of 1.36, a quick ratio of 0.99 and a debt-to-equity ratio of 1.31. The firm has a market cap of $58.77 billion, a price-to-earnings ratio of 45.60, a PEG ratio of 2.61 and a beta of 1.34. The company's 50-day moving average price is $57.90 and its 200-day moving average price is $55.42. Carrier Global Co. has a one year low of $40.49 and a one year high of $65.34.

Carrier Global (NYSE:CARR - Get Free Report) last posted its quarterly earnings results on Thursday, April 25th. The company reported $0.62 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.12. The company had revenue of $6.18 billion for the quarter, compared to analysts' expectations of $6.27 billion. Carrier Global had a net margin of 5.41% and a return on equity of 26.01%. As a group, equities research analysts anticipate that Carrier Global Co. will post 2.85 EPS for the current fiscal year.

Carrier Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Friday, May 3rd will be issued a $0.19 dividend. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.17%. Carrier Global's dividend payout ratio (DPR) is presently 53.15%.

Insider Buying and Selling

In related news, insider Jurgen Timperman sold 159,915 shares of Carrier Global stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $61.95, for a total value of $9,906,734.25. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 6.95% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CARR shares. Robert W. Baird raised their target price on Carrier Global from $60.00 to $64.00 and gave the company a "neutral" rating in a research note on Friday, May 3rd. Royal Bank of Canada cut their price target on Carrier Global from $63.00 to $60.00 and set an "outperform" rating for the company in a research note on Wednesday, February 7th. Barclays lifted their price target on Carrier Global from $78.00 to $79.00 and gave the company an "overweight" rating in a research note on Friday, April 26th. Citigroup lifted their price target on Carrier Global from $60.00 to $63.00 and gave the company a "neutral" rating in a research note on Monday, April 8th. Finally, Wells Fargo & Company lifted their price target on Carrier Global from $59.00 to $66.00 and gave the company an "equal weight" rating in a research note on Friday, April 26th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $62.71.

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.