OMERS ADMINISTRATION Corp Has $2.29 Million Position in Carrier Global Co. (NYSE:CARR)

OMERS ADMINISTRATION Corp grew its holdings in Carrier Global Co. (NYSE:CARR - Free Report) by 20.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,550 shares of the company's stock after buying an additional 5,608 shares during the period. OMERS ADMINISTRATION Corp's holdings in Carrier Global were worth $2,290,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in CARR. BOK Financial Private Wealth Inc. boosted its position in Carrier Global by 80.0% during the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company's stock worth $25,000 after purchasing an additional 160 shares during the period. Ritter Daniher Financial Advisory LLC DE lifted its stake in shares of Carrier Global by 90.0% during the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 380 shares of the company's stock worth $26,000 after buying an additional 180 shares during the last quarter. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Carrier Global during the 4th quarter worth about $31,000. Meeder Asset Management Inc. grew its stake in Carrier Global by 236.1% in the 4th quarter. Meeder Asset Management Inc. now owns 484 shares of the company's stock valued at $33,000 after buying an additional 340 shares during the last quarter. Finally, Transce3nd LLC bought a new position in Carrier Global in the 4th quarter valued at about $37,000. 91.00% of the stock is currently owned by institutional investors.

Carrier Global Price Performance

CARR traded up $2.15 on Friday, hitting $75.63. 7,296,531 shares of the stock were exchanged, compared to its average volume of 4,609,412. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96. Carrier Global Co. has a 12 month low of $54.22 and a 12 month high of $83.32. The firm has a market capitalization of $64.83 billion, a price-to-earnings ratio of 12.04, a PEG ratio of 2.01 and a beta of 1.33. The business has a 50-day moving average of $64.53 and a two-hundred day moving average of $67.94.

Carrier Global (NYSE:CARR - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.65 earnings per share for the quarter, topping analysts' consensus estimates of $0.58 by $0.07. The company had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $5.17 billion. Carrier Global had a net margin of 23.83% and a return on equity of 18.82%. The firm's quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.51 EPS. Sell-side analysts forecast that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Friday, May 2nd will be issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date is Friday, May 2nd. Carrier Global's dividend payout ratio is presently 13.93%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CARR shares. JPMorgan Chase & Co. boosted their price objective on Carrier Global from $66.00 to $79.00 and gave the stock an "overweight" rating in a report on Friday. Mizuho set a $72.00 price target on Carrier Global in a report on Tuesday, April 22nd. Royal Bank of Canada upped their price objective on Carrier Global from $71.00 to $82.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Barclays increased their price objective on Carrier Global from $83.00 to $84.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 7th. Finally, Wells Fargo & Company boosted their target price on shares of Carrier Global from $65.00 to $75.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Carrier Global has an average rating of "Moderate Buy" and an average target price of $82.53.

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.