King Luther Capital Management Corp bought a new stake in Carrier Global Corporation (NYSE:CARR – Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 12,911 shares of the company’s stock, valued at approximately $682,000.
Several other hedge funds have also made changes to their positions in the stock. KERR FINANCIAL PLANNING Corp bought a new position in Carrier Global during the third quarter worth about $25,000. Torren Management LLC bought a new position in Carrier Global during the fourth quarter worth about $25,000. YANKCOM Partnership lifted its stake in Carrier Global by 78.5% during the fourth quarter. YANKCOM Partnership now owns 473 shares of the company’s stock worth $25,000 after purchasing an additional 208 shares during the period. True Wealth Design LLC lifted its stake in Carrier Global by 723.7% during the fourth quarter. True Wealth Design LLC now owns 486 shares of the company’s stock worth $26,000 after purchasing an additional 427 shares during the period. Finally, Global Wealth Strategies & Associates lifted its stake in Carrier Global by 150.0% during the fourth quarter. Global Wealth Strategies & Associates now owns 500 shares of the company’s stock worth $26,000 after purchasing an additional 300 shares during the period. Institutional investors own 91.00% of the company’s stock.
Carrier Global Stock Performance
NYSE:CARR opened at $63.92 on Friday. Carrier Global Corporation has a 1 year low of $50.24 and a 1 year high of $81.09. The firm has a 50 day moving average of $61.48 and a 200-day moving average of $58.64. The company has a current ratio of 1.05, a quick ratio of 0.75 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $53.09 billion, a P/E ratio of 42.05, a price-to-earnings-growth ratio of 2.54 and a beta of 1.38.
Carrier Global Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Monday, May 4th were issued a $0.24 dividend. The ex-dividend date of this dividend was Monday, May 4th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.5%. Carrier Global’s dividend payout ratio (DPR) is currently 63.16%.
Analyst Ratings Changes
A number of research analysts have commented on the stock. JPMorgan Chase & Co. raised their price target on shares of Carrier Global from $63.00 to $67.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Royal Bank Of Canada raised their price target on shares of Carrier Global from $71.00 to $81.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. Argus raised their price target on shares of Carrier Global from $72.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. The Goldman Sachs Group raised their price target on shares of Carrier Global from $74.00 to $80.00 in a research note on Friday, May 1st. Finally, BNP Paribas Exane assumed coverage on shares of Carrier Global in a research note on Tuesday, April 14th. They set a “neutral” rating and a $62.00 price target for the company. Twelve equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, Carrier Global currently has an average rating of “Moderate Buy” and an average target price of $74.04.
Get Our Latest Stock Report on CARR
Carrier Global Profile
Carrier Global Corporation is a leading global provider of heating, ventilation and air conditioning (HVAC), refrigeration, fire and security, and building automation solutions. The company designs, manufactures and sells a broad portfolio of products that includes air conditioners, furnaces, heat pumps, chillers, rooftop units, commercial refrigeration systems, fire and smoke detection and suppression systems, security sensors and access controls, and a range of building controls and analytics software.
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