Tower Research Capital LLC TRC Increases Holdings in Carrier Global Co. (NYSE:CARR)

Tower Research Capital LLC TRC lifted its stake in Carrier Global Co. (NYSE:CARR - Free Report) by 78.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 47,997 shares of the company's stock after buying an additional 21,172 shares during the period. Tower Research Capital LLC TRC's holdings in Carrier Global were worth $3,276,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. BOK Financial Private Wealth Inc. lifted its stake in Carrier Global by 80.0% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company's stock valued at $25,000 after buying an additional 160 shares during the period. Ritter Daniher Financial Advisory LLC DE grew its holdings in shares of Carrier Global by 90.0% during the fourth 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 in the last quarter. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Carrier Global during the fourth quarter worth about $31,000. Meeder Asset Management Inc. grew its holdings in shares of Carrier Global by 236.1% during the fourth quarter. Meeder Asset Management Inc. now owns 484 shares of the company's stock worth $33,000 after buying an additional 340 shares in the last quarter. Finally, Transce3nd LLC bought a new position in Carrier Global in the fourth quarter valued at approximately $37,000. Institutional investors own 91.00% of the company's stock.

Carrier Global Stock Performance

Shares of Carrier Global stock traded down $0.26 on Friday, hitting $60.05. 3,862,616 shares of the company's stock were exchanged, compared to its average volume of 4,488,941. The company has a 50-day simple moving average of $63.21 and a 200-day simple moving average of $68.79. The stock has a market capitalization of $51.88 billion, a PE ratio of 9.56, a PEG ratio of 2.01 and a beta of 1.33. Carrier Global Co. has a 1 year low of $54.22 and a 1 year high of $83.32. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25.

Carrier Global (NYSE:CARR - Get Free Report) last released its earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share for the quarter, beating analysts' consensus estimates of $0.51 by $0.03. Carrier Global had a net margin of 23.83% and a return on equity of 18.82%. During the same quarter in the previous year, the business posted $0.53 EPS. As a group, equities analysts anticipate that Carrier Global Co. will post 2.99 EPS for the current year.

Carrier Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Friday, May 2nd will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend is Friday, May 2nd. Carrier Global's dividend payout ratio (DPR) is presently 14.33%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Barclays reduced their price objective on shares of Carrier Global from $87.00 to $83.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. Wolfe Research upgraded shares of Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 price target on the stock in a research note on Monday, February 24th. Royal Bank of Canada reduced their price objective on shares of Carrier Global from $86.00 to $76.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 12th. Mizuho set a $72.00 price objective on shares of Carrier Global in a research note on Tuesday, April 22nd. Finally, Citigroup dropped their target price on shares of Carrier Global from $89.00 to $72.00 and set a "buy" rating for the company in a report on Monday, April 14th. Five 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 stock. According to data from MarketBeat, Carrier Global currently has a consensus rating of "Moderate Buy" and an average price target of $79.73.

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.