Virtus ETF Advisers LLC Acquires Shares of 15,205 Carrier Global Co. (NYSE:CARR)

Virtus ETF Advisers LLC bought a new stake in shares of Carrier Global Co. (NYSE:CARR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 15,205 shares of the company's stock, valued at approximately $1,038,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. BOK Financial Private Wealth Inc. boosted its stake in shares of Carrier Global by 80.0% during the 4th 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 raised its holdings in shares of Carrier Global by 90.0% in 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 during the period. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of Carrier Global in the fourth quarter worth approximately $31,000. Meeder Asset Management Inc. raised its holdings in shares of Carrier Global by 236.1% in 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 during the period. Finally, Transce3nd LLC purchased a new stake in shares of Carrier Global in the fourth quarter worth approximately $37,000. 91.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company reduced their price target on Carrier Global from $75.00 to $70.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 12th. Barclays reduced their price target on Carrier Global from $87.00 to $83.00 and set an "overweight" rating on the stock in a report on Wednesday, March 26th. Citigroup dropped their price objective on Carrier Global from $89.00 to $72.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Wolfe Research raised Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 price objective on the stock in a research note on Monday, February 24th. Finally, JPMorgan Chase & Co. dropped their price objective on Carrier Global from $78.00 to $64.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Five analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $80.43.

Carrier Global Stock Up 2.7 %

Shares of Carrier Global stock traded up $1.67 during trading on Wednesday, reaching $62.49. The company's stock had a trading volume of 8,624,448 shares, compared to its average volume of 4,473,302. The company has a quick ratio of 0.96, a current ratio of 1.25 and a debt-to-equity ratio of 0.77. The company has a market cap of $53.99 billion, a price-to-earnings ratio of 9.95, a P/E/G 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 50-day simple moving average of $62.97 and a two-hundred day simple moving average of $68.59.

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

Carrier Global Announces Dividend

The company also recently announced 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. 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 1.44%. Carrier Global's dividend payout ratio (DPR) is 14.33%.

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.