MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Grows Position in Carrier Global Co. (NYSE:CARR)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Carrier Global Co. (NYSE:CARR) by 4.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 96,127 shares of the company’s stock after acquiring an additional 4,002 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Carrier Global were worth $6,562,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Geode Capital Management LLC raised its position in shares of Carrier Global by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 17,357,770 shares of the company’s stock valued at $1,181,300,000 after buying an additional 420,081 shares in the last quarter. Fisher Asset Management LLC raised its position in shares of Carrier Global by 0.3% during the 4th quarter. Fisher Asset Management LLC now owns 14,313,331 shares of the company’s stock valued at $977,028,000 after buying an additional 46,222 shares in the last quarter. Northern Trust Corp raised its position in shares of Carrier Global by 16.7% during the 4th quarter. Northern Trust Corp now owns 8,847,377 shares of the company’s stock valued at $603,922,000 after buying an additional 1,266,137 shares in the last quarter. Norges Bank purchased a new stake in shares of Carrier Global during the 4th quarter valued at about $588,029,000. Finally, Pictet Asset Management Holding SA raised its position in shares of Carrier Global by 2.1% during the 4th quarter. Pictet Asset Management Holding SA now owns 6,080,842 shares of the company’s stock valued at $415,078,000 after buying an additional 126,174 shares in the last quarter. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Carrier Global Price Performance

Shares of CARR stock opened at $75.63 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96. The company has a market capitalization of $64.83 billion, a P/E ratio of 12.04, a P/E/G ratio of 2.01 and a beta of 1.33. The company’s 50-day simple moving average is $64.53 and its two-hundred day simple moving average is $67.94. Carrier Global Co. has a one year low of $54.22 and a one year high of $83.32.

Carrier Global (NYSE:CARR) last issued 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 for the quarter, compared to the consensus estimate of $5.17 billion. Carrier Global had a net margin of 23.83% and a return on equity of 18.82%. The company’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.51 EPS. As a group, equities analysts anticipate that Carrier Global Co. will post 2.99 EPS for the current 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 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 1.19%. Carrier Global’s dividend payout ratio is currently 13.93%.

Analysts Set New Price Targets

Several analysts have recently issued reports on CARR shares. Barclays upped their target price on shares of Carrier Global from $83.00 to $84.00 and gave the company an “overweight” rating in a research report on Wednesday, May 7th. Wells Fargo & Company upped their price target on shares of Carrier Global from $65.00 to $75.00 and gave the company an “equal weight” rating in a report on Monday, May 5th. JPMorgan Chase & Co. upped their price target on shares of Carrier Global from $66.00 to $79.00 and gave the company an “overweight” rating in a report on Friday. Northcoast Research upgraded shares of Carrier Global from a “neutral” rating to a “buy” rating and set a $85.00 price target on the stock in a report on Friday, May 9th. Finally, Mizuho set a $72.00 price target on shares of Carrier Global in a report on Tuesday, April 22nd. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $82.53.

Carrier Global 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.