Mitsubishi UFJ Asset Management Co. Ltd. Grows Stake in Carrier Global Co. (NYSE:CARR)

Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 16.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 892,260 shares of the company's stock after buying an additional 123,248 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.11% of Carrier Global worth $49,146,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of CARR. McClarren Financial Advisors Inc. grew its stake in Carrier Global by 86.7% in the 4th quarter. McClarren Financial Advisors Inc. now owns 435 shares of the company's stock valued at $25,000 after purchasing an additional 202 shares during the period. DiNuzzo Private Wealth Inc. purchased a new stake in Carrier Global during the fourth quarter worth about $25,000. EdgeRock Capital LLC bought a new stake in shares of Carrier Global in the 4th quarter worth approximately $27,000. OFI Invest Asset Management bought a new stake in shares of Carrier Global in the third quarter valued at $28,000. Finally, Larson Financial Group LLC lifted its position in shares of Carrier Global by 76.2% during the 3rd quarter. Larson Financial Group LLC now owns 511 shares of the company's stock valued at $28,000 after buying an additional 221 shares during the last quarter. 91.00% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Carrier Global

In other news, insider Jurgen Timperman sold 159,915 shares of the company's stock in a transaction on Monday, April 29th. The stock was sold at an average price of $61.95, for a total transaction of $9,906,734.25. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, VP Nadia Villeneuve sold 98,428 shares of the business's stock in a transaction on Friday, May 10th. The shares were sold at an average price of $65.40, for a total transaction of $6,437,191.20. Following the completion of the sale, the vice president now owns 85,028 shares of the company's stock, valued at approximately $5,560,831.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jurgen Timperman sold 159,915 shares of the firm's stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $61.95, for a total value of $9,906,734.25. The disclosure for this sale can be found here. 6.95% of the stock is owned by insiders.

Carrier Global Stock Up 1.3 %

Shares of NYSE:CARR traded up $0.84 during trading on Wednesday, hitting $65.80. The stock had a trading volume of 4,139,906 shares, compared to its average volume of 4,763,892. The company has a market capitalization of $59.29 billion, a PE ratio of 46.01, a PEG ratio of 2.71 and a beta of 1.34. The company has a quick ratio of 0.99, a current ratio of 1.36 and a debt-to-equity ratio of 1.31. The firm's fifty day moving average is $58.59 and its 200 day moving average is $55.97. Carrier Global Co. has a 12 month low of $40.49 and a 12 month high of $66.32.

Carrier Global (NYSE:CARR - Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.50 by $0.12. Carrier Global had a net margin of 5.41% and a return on equity of 26.01%. The business had revenue of $6.18 billion for the quarter, compared to analyst estimates of $6.27 billion. Analysts anticipate that Carrier Global Co. will post 2.84 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Friday, May 3rd will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date is Thursday, May 2nd. Carrier Global's payout ratio is 53.15%.

Analyst Ratings Changes

A number of research analysts recently weighed in on CARR shares. Wells Fargo & Company lifted their price objective on shares of Carrier Global from $59.00 to $66.00 and gave the company an "equal weight" rating in a research note on Friday, April 26th. TD Cowen increased their price target on shares of Carrier Global from $66.00 to $70.00 and gave the stock a "buy" rating in a report on Monday, April 29th. Barclays raised their price objective on shares of Carrier Global from $78.00 to $79.00 and gave the company an "overweight" rating in a research report on Friday, April 26th. Royal Bank of Canada decreased their target price on shares of Carrier Global from $63.00 to $60.00 and set an "outperform" rating on the stock in a report on Wednesday, February 7th. Finally, Citigroup raised their price target on shares of Carrier Global from $60.00 to $63.00 and gave the company a "neutral" rating in a report on Monday, April 8th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $62.71.

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.