Enlightenment Research LLC bought a new position in shares of Carrier Global Co. (NYSE:CARR) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,700 shares of the company’s stock, valued at approximately $241,000.
Several other hedge funds and other institutional investors have also modified their holdings of CARR. Tacita Capital Inc purchased a new position in shares of Carrier Global in the fourth quarter worth about $27,000. Ironwood Wealth Management LLC. purchased a new position in Carrier Global in the 4th quarter worth approximately $29,000. Cedar Mountain Advisors LLC lifted its stake in Carrier Global by 294.5% in the 1st quarter. Cedar Mountain Advisors LLC now owns 856 shares of the company’s stock worth $36,000 after purchasing an additional 639 shares in the last quarter. TD Ameritrade Investment Management LLC acquired a new position in shares of Carrier Global during the 4th quarter worth approximately $38,000. Finally, Fiduciary Planning LLC grew its position in shares of Carrier Global by 5,455.6% in the fourth quarter. Fiduciary Planning LLC now owns 1,000 shares of the company’s stock valued at $38,000 after purchasing an additional 982 shares in the last quarter. Institutional investors and hedge funds own 83.78% of the company’s stock.
CARR has been the topic of a number of analyst reports. Atlantic Securities reiterated a “neutral” rating and set a $45.00 price objective on shares of Carrier Global in a research report on Thursday, May 6th. Zacks Investment Research upgraded Carrier Global from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a report on Monday, May 3rd. UBS Group boosted their price target on shares of Carrier Global from $44.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, April 22nd. Cowen upgraded shares of Carrier Global from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $40.00 to $43.00 in a research report on Wednesday, March 10th. Finally, Barclays boosted their target price on shares of Carrier Global from $45.00 to $46.00 and gave the company an “overweight” rating in a report on Tuesday, April 6th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Carrier Global presently has an average rating of “Buy” and a consensus target price of $45.87.
Carrier Global (NYSE:CARR) last released its quarterly earnings results on Thursday, April 29th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.37 by $0.11. The business had revenue of $4.70 billion during the quarter, compared to analyst estimates of $4.37 billion. Carrier Global had a return on equity of 27.29% and a net margin of 12.43%. The company’s quarterly revenue was up 20.9% on a year-over-year basis. During the same period last year, the business posted $0.35 earnings per share. On average, equities analysts predict that Carrier Global Co. will post 2.05 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, May 24th. Shareholders of record on Monday, May 3rd were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend was Friday, April 30th. Carrier Global’s dividend payout ratio is currently 28.92%.
Carrier Global Company Profile
Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies worldwide. It operates through three segments: HVAC, Refrigeration, and Fire & Security. The HVAC segment provides products, controls, services, and solutions to meet the heating and cooling needs of residential and commercial customers.
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