Trust Co. of Vermont bought a new position in shares of Carrier Global Corporation (NYSE:CARR – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 36,448 shares of the company’s stock, valued at approximately $2,673,000.
Other hedge funds also recently modified their holdings of the company. Bank of New York Mellon Corp bought a new stake in Carrier Global during the second quarter worth about $590,759,000. Norges Bank acquired a new stake in Carrier Global during the fourth quarter worth about $380,299,000. Ontario Teachers Pension Plan Board bought a new position in Carrier Global in the 4th quarter valued at about $99,839,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Carrier Global in the 2nd quarter valued at about $136,714,000. Finally, Diamond Hill Capital Management LLC Investment Advisor acquired a new position in shares of Carrier Global in the 2nd quarter valued at approximately $131,194,000. Institutional investors own 91.00% of the company’s stock.
Carrier Global Trading Down 0.3%
CARR opened at $62.59 on Tuesday. The company has a market cap of $51.59 billion, a P/E ratio of 43.47, a PEG ratio of 2.32 and a beta of 1.31. The company has a current ratio of 1.02, a quick ratio of 0.72 and a debt-to-equity ratio of 0.77. The company’s 50 day moving average is $68.09 and its 200-day moving average is $64.10. Carrier Global Corporation has a 1-year low of $50.24 and a 1-year high of $76.76.
Carrier Global Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Tuesday, July 21st were issued a dividend of $0.24 per share. The ex-dividend date was Tuesday, July 21st. This represents a $0.96 annualized dividend and a dividend yield of 1.5%. Carrier Global’s dividend payout ratio is 66.67%.
Wall Street Analyst Weigh In
CARR has been the topic of several analyst reports. Wolfe Research reiterated an “outperform” rating and set a $80.00 price target on shares of Carrier Global in a research report on Thursday, July 9th. Barclays boosted their price objective on shares of Carrier Global from $67.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Citigroup upped their target price on Carrier Global from $79.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carrier Global in a report on Monday, July 20th. Finally, The Goldman Sachs Group lifted their price target on Carrier Global from $74.00 to $80.00 in a research note on Friday, May 1st. One equities 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. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $73.67.
View Our Latest Stock Analysis 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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