Polar Capital Holdings Plc Purchases 37,700 Shares of Carrier Global Co. (NYSE:CARR)

Polar Capital Holdings Plc raised its position in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 52.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 109,500 shares of the company's stock after purchasing an additional 37,700 shares during the quarter. Polar Capital Holdings Plc's holdings in Carrier Global were worth $7,474,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CARR. RFG Advisory LLC grew its position 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 buying an additional 1,904 shares during the period. Princeton Global Asset Management LLC grew its position in shares of Carrier Global by 1,156.1% during the 4th quarter. Princeton Global Asset Management LLC now owns 20,663 shares of the company's stock worth $1,410,000 after buying an additional 19,018 shares during the period. Waldron Private Wealth LLC grew its position in shares of Carrier Global by 90.5% during the 4th quarter. Waldron Private Wealth LLC now owns 16,532 shares of the company's stock worth $1,128,000 after buying an additional 7,854 shares during the period. Ensign Peak Advisors Inc grew its position in shares of Carrier Global by 27.8% during the 4th quarter. Ensign Peak Advisors Inc now owns 1,314,180 shares of the company's stock worth $89,706,000 after buying an additional 285,803 shares during the period. Finally, Gateway Wealth Partners LLC grew its position in shares of Carrier Global by 221.8% during the 4th quarter. Gateway Wealth Partners LLC now owns 10,327 shares of the company's stock worth $705,000 after buying an additional 7,118 shares during the period. Institutional investors and hedge funds own 91.00% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CARR. JPMorgan Chase & Co. lifted their price target on shares of Carrier Global from $66.00 to $79.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. Robert W. Baird lifted their price target on shares of Carrier Global from $80.00 to $88.00 and gave the company an "outperform" rating in a research report on Tuesday. Royal Bank of Canada lifted their price target on shares of Carrier Global from $86.00 to $87.00 and gave the company an "outperform" rating in a research report on Tuesday. Wolfe Research raised shares of Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 price target for the company in a research report on Monday, February 24th. Finally, Wells Fargo & Company lifted their price target 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 investment 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. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $83.00.

Carrier Global Stock Performance

Shares of NYSE CARR traded down $1.98 during mid-day trading on Wednesday, reaching $72.97. 1,834,465 shares of the company's stock were exchanged, compared to its average volume of 4,614,388. The firm has a market capitalization of $62.56 billion, a price-to-earnings ratio of 11.64, a price-to-earnings-growth ratio of 2.01 and a beta of 1.33. Carrier Global Co. has a 52 week low of $54.22 and a 52 week high of $83.32. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96. The firm has a 50-day moving average price of $64.95 and a two-hundred day moving average price of $67.98.

Carrier Global (NYSE:CARR - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $5.17 billion. During the same period in the previous year, the business posted $0.51 EPS. The firm's quarterly revenue was down 3.7% compared to the same quarter last year. Analysts predict that Carrier Global Co. will post 2.99 EPS for the current year.

Carrier Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Friday, May 2nd will be paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend is Friday, May 2nd. Carrier Global's dividend payout ratio is currently 13.93%.

Carrier Global Company 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.