Perigon Wealth Management LLC acquired a new stake in shares of Carrier Global Corporation (NYSE:CARR – Free Report) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 36,068 shares of the company’s stock, valued at approximately $2,646,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Cardinal Capital Management Inc. raised its stake in Carrier Global by 7.1% in the second quarter. Cardinal Capital Management Inc. now owns 575,335 shares of the company’s stock valued at $42,201,000 after buying an additional 37,934 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Carrier Global by 16.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,168 shares of the company’s stock worth $8,093,000 after purchasing an additional 21,350 shares in the last quarter. California Public Employees Retirement System raised its holdings in shares of Carrier Global by 1.5% in the first quarter. California Public Employees Retirement System now owns 1,430,425 shares of the company’s stock worth $80,547,000 after buying an additional 21,367 shares during the last quarter. Mandatum Life Insurance Co Ltd lifted its stake in shares of Carrier Global by 36.1% during the first quarter. Mandatum Life Insurance Co Ltd now owns 111,157 shares of the company’s stock worth $6,259,000 after buying an additional 29,495 shares during the period. Finally, Avity Investment Management Inc. lifted its stake in shares of Carrier Global by 33.9% during the second quarter. Avity Investment Management Inc. now owns 194,484 shares of the company’s stock worth $14,265,000 after buying an additional 49,260 shares during the period. Hedge funds and other institutional investors own 91.00% of the company’s stock.
Carrier Global Price Performance
NYSE:CARR opened at $62.59 on Tuesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.02 and a quick ratio of 0.72. The company has a 50 day moving average price of $68.09 and a 200-day moving average price of $64.10. Carrier Global Corporation has a 1-year low of $50.24 and a 1-year high of $76.76. The firm has a market cap of $51.59 billion, a price-to-earnings ratio of 43.47, a price-to-earnings-growth ratio of 2.32 and a beta of 1.31.
Carrier Global Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Tuesday, July 21st were given a dividend of $0.24 per share. The ex-dividend date was Tuesday, July 21st. This represents a $0.96 dividend on an annualized basis and a yield of 1.5%. Carrier Global’s dividend payout ratio is currently 66.67%.
Analysts Set New Price Targets
Several research analysts have recently issued reports on the company. Argus raised their price objective on Carrier Global from $72.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. JPMorgan Chase & Co. increased their price target on shares of Carrier Global from $63.00 to $67.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Wolfe Research restated an “outperform” rating and set a $80.00 price objective on shares of Carrier Global in a research note on Thursday, July 9th. Evercore increased their price objective on shares of Carrier Global from $75.00 to $85.00 in a research note on Friday, May 1st. Finally, Morgan Stanley raised their target price on shares of Carrier Global from $55.00 to $60.00 and gave the stock an “equal weight” rating in a report on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $73.67.
Check Out Our Latest Stock Report on CARR
About Carrier Global
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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