Great West Life Assurance Co. Can bought a new position in Carrier Global Co. (NYSE: CARR – Get an estimate) in the third quarter according to the latest information published by the Securities and Exchange Commission. The institutional investor purchased 1,209,198 shares of the company’s stock, valued at approximately $42,985,000. Great West Life Assurance Co. Can owned 0.14% of Carrier Global as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in CARR. Stock Yards Bank & Trust Co . increased its position in shares of Carrier Global by 139.7% in the 2nd quarter. Stock Yards Bank & Trust Co. now owns 12,958 shares of the company’s stock valued at $462,000 after purchasing an additional 7,553 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Carrier Global by 83.8% in the 2nd quarter. Bank of Montreal Can now owns 1,127,975 shares of the company’s stock worth $41,250,000 after buying an additional 514,247 shares in the last quarter. Deutsche Bank AG boosted its position in shares of Carrier Global by 29.3% in the 2nd quarter. Deutsche Bank AG now owns 2,089,360 shares of the company’s stock worth $74,508,000 after buying an additional 472,926 shares in the last quarter. Candriam SCA boosted its position in shares of Carrier Global by 4.8% in the 2nd quarter. Candriam SCA now owns 68,386 shares of the company’s stock valued at $2,439,000 after buying an additional 3,145 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Carrier Global by 21.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,084,474 shares of the company’s stock worth $109,993,000 after buying an additional 543,258 shares in the last quarter. 85.21% of the shares belong to institutional investors and hedge funds.
The carrier’s global share rose 1.4%
CARR opened at $45.87 on Friday. The company has a 50-day moving average of $43.04 and a 200-day moving average of $40.16. The company has a market cap of $38.36 billion, a PE ratio of 11.08, a price-to-earnings-growth ratio of 2.19 and a beta of 1.33. Carrier Global Co. the 1-year low is $33.10 and the 1-year high is $51.48. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.18, and a current ratio of 1.62.
Global operator (NYSE: CARR – Get an estimate) last released its earnings results on Thursday, October 27th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.05. The company had revenue of $5.45 billion during the quarter, compared to the consensus estimate of $5.44 billion. Carrier Global had a net margin of 17.55% and a return on equity of 28.45%. sell-side analysts anticipate that Carrier Global Co will post 2.34 earnings per share for the current year.
Carrier Global Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 10th. Shareholders of record on Thursday, December 22nd will be paid a $0.185 dividend. This is an increase of $0.15 from Carrier Global’s previous quarterly dividend. The ex-dividend date is Wednesday, December 21st. This translates to an annualized dividend of $0.74 and a yield of 1.61%. Carrier Global’s dividend payout ratio (DPR) is 17.87%.
Carrier Global Insider Buying and Selling
In other Carrier Global news, an insider Jürgen Timperman sold 102,552 shares of the stock in a transaction that occurred on Tuesday, November 29th. The shares were sold at an average price of $43.57, for a total value of $4,468,190.64. The sale was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed SEC website. 0.24% of shares belong to company insiders.
Analysts set new price targets
A number of research analysts have issued reports on CARR shares. Credit Suisse Group upped their target price on shares of Carrier Global to $42.00 in a report on Tuesday, November 1st. Deutsche Bank Aktiengesellschaft upped their target price on shares of Carrier Global from $44.00 to $46.00 in a report on Monday, December 5th. Cowen reduced their target price on shares of Carrier Global from $58.00 to $49.00 and gave the stock an outperform rating in a report on Monday, October 31st. Mizuho raised shares of Carrier Global from a “neutral” rating to a “buy” rating and raised their target price for the company from $38.00 to $53.00 in a report on Friday. Finally, Wells Fargo & Company upped their target price on shares of Carrier Global from $40.00 to $43.00 and gave the company an “equal weight” rating in a report on Thursday, January 5th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.62, according to MarketBeat.com.
Carrier Global Company Profile
Carrier Global Corporation provides heating, ventilation and air conditioning (HVAC), refrigeration, fire protection, security and building automation technologies worldwide. It operates through three segments: HVAC, Refrigeration, and Fire & Security. The HVAC segment provides products, controls, services and solutions to meet the heating, cooling and ventilation needs of residential and commercial customers.
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