Carrier Global Co. (NYSE:CARR) Shares Bought by Electron Capital Partners LLC

Electron Capital Partners LLC grew its stake in Carrier Global Co. (NYSE:CARR) by 31.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 736,019 shares of the company’s stock after purchasing an additional 175,255 shares during the period. Carrier Global makes up about 2.6% of Electron Capital Partners LLC’s holdings, making the stock its 16th largest holding. Electron Capital Partners LLC owned approximately 0.08% of Carrier Global worth $50,241,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Northern Trust Corp boosted its stake in Carrier Global by 16.7% during the fourth quarter. Northern Trust Corp now owns 8,847,377 shares of the company’s stock worth $603,922,000 after buying an additional 1,266,137 shares during the period. Beacon Pointe Advisors LLC lifted its stake in Carrier Global by 2.3% during the 4th quarter. Beacon Pointe Advisors LLC now owns 40,769 shares of the company’s stock worth $2,783,000 after acquiring an additional 899 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Carrier Global during the fourth quarter worth about $288,000. Oxford Asset Management LLP acquired a new stake in shares of Carrier Global during the fourth quarter worth about $266,000. Finally, Boothbay Fund Management LLC increased its stake in Carrier Global by 11.2% during the 4th quarter. Boothbay Fund Management LLC now owns 6,418 shares of the company’s stock worth $438,000 after buying an additional 647 shares during the period. Institutional investors and hedge funds own 91.00% of the company’s stock.

Analyst Upgrades and Downgrades

CARR has been the topic of a number of research reports. Wolfe Research upgraded 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. Citigroup reduced 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. Mizuho set a $72.00 price objective on shares of Carrier Global in a research note on Tuesday, April 22nd. Royal Bank of Canada reduced their price objective on Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Finally, Wells Fargo & Company dropped their target price on Carrier Global from $75.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 12th. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Carrier Global presently has a consensus rating of “Moderate Buy” and an average target price of $79.73.

Carrier Global Stock Performance

NYSE CARR opened at $60.55 on Tuesday. Carrier Global Co. has a 1-year low of $54.22 and a 1-year high of $83.32. The stock has a market capitalization of $52.31 billion, a PE ratio of 9.64, a P/E/G ratio of 2.01 and a beta of 1.33. The business has a 50 day simple moving average of $63.10 and a two-hundred day simple moving average of $68.64. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96.

Carrier Global (NYSE:CARR) last released its earnings results on Tuesday, February 11th. The company reported $0.54 EPS for the quarter, beating 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 quarter in the previous year, the business earned $0.53 EPS. On average, research analysts predict that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Friday, May 2nd will be given a dividend of $0.225 per share. The ex-dividend date is Friday, May 2nd. This represents a $0.90 annualized dividend and a yield of 1.49%. Carrier Global’s dividend payout ratio (DPR) is presently 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.