Pathstone Holdings LLC Raises Stake in Carrier Global Co. (NYSE:CARR)

Pathstone Holdings LLC lifted its holdings in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 4.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 124,055 shares of the company's stock after acquiring an additional 5,779 shares during the period. Pathstone Holdings LLC's holdings in Carrier Global were worth $8,470,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. RFG Advisory LLC lifted its stake in shares of Carrier Global by 36.2% during the 4th quarter. RFG Advisory LLC now owns 7,170 shares of the company's stock worth $489,000 after purchasing an additional 1,904 shares during the period. Princeton Global Asset Management LLC lifted its position in Carrier Global by 1,156.1% in the fourth quarter. Princeton Global Asset Management LLC now owns 20,663 shares of the company's stock worth $1,410,000 after purchasing an additional 19,018 shares during the period. Waldron Private Wealth LLC grew its stake in shares of Carrier Global by 90.5% in the 4th quarter. Waldron Private Wealth LLC now owns 16,532 shares of the company's stock worth $1,128,000 after purchasing an additional 7,854 shares during the last quarter. Ensign Peak Advisors Inc raised its position in shares of Carrier Global by 27.8% during the fourth quarter. Ensign Peak Advisors Inc now owns 1,314,180 shares of the company's stock worth $89,706,000 after purchasing an additional 285,803 shares during the period. Finally, Gateway Wealth Partners LLC lifted its position in shares of Carrier Global by 221.8% in the 4th quarter. Gateway Wealth Partners LLC now owns 10,327 shares of the company's stock valued at $705,000 after acquiring an additional 7,118 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Wolfe Research raised shares of Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 target price on the stock in a research report on Monday, February 24th. JPMorgan Chase & Co. upped their target price on shares of Carrier Global from $66.00 to $79.00 and gave the stock an "overweight" rating in a research report on Friday. Citigroup cut their target price on shares of Carrier Global from $89.00 to $72.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Royal Bank of Canada increased their target price on shares of Carrier Global from $86.00 to $87.00 and gave the stock an "outperform" rating in a report on Tuesday. Finally, Mizuho set a $72.00 price objective on Carrier Global in a research report on Tuesday, April 22nd. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $83.00.

Carrier Global Trading Down 1.3%

Shares of NYSE:CARR traded down $0.96 on Tuesday, hitting $74.87. The company had a trading volume of 5,092,474 shares, compared to its average volume of 4,625,701. The company has a quick ratio of 0.96, a current ratio of 1.25 and a debt-to-equity ratio of 0.77. Carrier Global Co. has a 1 year low of $54.22 and a 1 year high of $83.32. The firm's 50-day simple moving average is $64.73 and its two-hundred day simple moving average is $67.93. The firm has a market capitalization of $64.19 billion, a price-to-earnings ratio of 11.92, a P/E/G ratio of 2.01 and a beta of 1.33.

Carrier Global (NYSE:CARR - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.58 by $0.07. Carrier Global had a return on equity of 18.82% and a net margin of 23.83%. The business had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $5.17 billion. During the same period in the previous year, the company posted $0.51 earnings per share. The company's revenue for the quarter was down 3.7% compared to the same quarter last year. Equities analysts anticipate 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. Investors of record on Friday, May 2nd will be issued a $0.225 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $0.90 dividend on an annualized basis and a yield of 1.20%. Carrier Global's dividend payout ratio is presently 13.93%.

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.