Carrier Global Co. (NYSE:CARR) Shares Bought by Brown Advisory Inc.

Brown Advisory Inc. raised its stake in shares of Carrier Global Co. (NYSE:CARR) by 139.1% during the fourth quarter, HoldingsChannel reports. The firm owned 5,296,577 shares of the company’s stock after purchasing an additional 3,080,984 shares during the quarter. Brown Advisory Inc.’s holdings in Carrier Global were worth $361,544,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. RFG Advisory LLC raised its stake in Carrier Global by 36.2% in the 4th quarter. RFG Advisory LLC now owns 7,170 shares of the company’s stock worth $489,000 after acquiring an additional 1,904 shares during the last quarter. Princeton Global Asset Management LLC raised its stake in shares of Carrier Global by 1,156.1% in the fourth quarter. Princeton Global Asset Management LLC now owns 20,663 shares of the company’s stock worth $1,410,000 after purchasing an additional 19,018 shares during the last quarter. Miracle Mile Advisors LLC purchased a new position in shares of Carrier Global in the fourth quarter worth about $2,213,000. Waldron Private Wealth LLC boosted its position in Carrier Global by 90.5% in the fourth quarter. Waldron Private Wealth LLC now owns 16,532 shares of the company’s stock valued at $1,128,000 after buying an additional 7,854 shares during the last quarter. Finally, Gateway Wealth Partners LLC boosted its position in Carrier Global by 221.8% in the fourth quarter. Gateway Wealth Partners LLC now owns 10,327 shares of the company’s stock valued at $705,000 after buying an additional 7,118 shares during the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Price Performance

Shares of NYSE CARR opened at $71.60 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25. The firm has a market cap of $61.86 billion, a PE ratio of 11.40, a PEG ratio of 2.01 and a beta of 1.33. Carrier Global Co. has a one year low of $54.22 and a one year high of $83.32. The firm has a fifty day moving average of $63.06 and a 200 day moving average of $68.30.

Carrier Global (NYSE:CARR) last released its earnings results on Thursday, May 1st. The company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.07. The business had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $5.17 billion. Carrier Global had a net margin of 23.83% and a return on equity of 18.82%. The company’s quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.51 earnings per share. As a group, research analysts predict that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders 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 dividend yield of 1.26%. The ex-dividend date of this dividend is Friday, May 2nd. Carrier Global’s dividend payout ratio is presently 13.93%.

Analyst Upgrades and Downgrades

Several analysts have commented on CARR shares. JPMorgan Chase & Co. decreased their price objective on shares of Carrier Global from $78.00 to $64.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Wolfe Research raised 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 report on Monday, February 24th. Barclays reduced their price objective on Carrier Global from $87.00 to $83.00 and set an “overweight” rating for the company in a research note on Wednesday, March 26th. Wells Fargo & Company lowered their target price on Carrier Global from $75.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 12th. Finally, Royal Bank of Canada lifted their price target on Carrier Global from $71.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $80.86.

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.