Aster Capital Management DIFC Ltd Takes $42,000 Position in Carrier Global Co. (NYSE:CARR)

Aster Capital Management DIFC Ltd purchased a new stake in Carrier Global Co. (NYSE:CARR) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 611 shares of the company’s stock, valued at approximately $42,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BOK Financial Private Wealth Inc. raised its position in Carrier Global by 80.0% during the 4th quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock worth $25,000 after buying an additional 160 shares during the last quarter. Bradley & Co. Private Wealth Management LLC purchased a new position in Carrier Global during the 4th quarter worth $31,000. Meeder Asset Management Inc. raised its position in Carrier Global by 236.1% during the 4th quarter. Meeder Asset Management Inc. now owns 484 shares of the company’s stock worth $33,000 after buying an additional 340 shares during the last quarter. Centricity Wealth Management LLC purchased a new position in Carrier Global during the 4th quarter worth $49,000. Finally, Roxbury Financial LLC purchased a new position in Carrier Global during the 4th quarter worth $49,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on CARR shares. Barclays cut their price target on shares of Carrier Global from $87.00 to $83.00 and set an “overweight” rating for the company in a report on Wednesday, March 26th. JPMorgan Chase & Co. cut their price target on shares of Carrier Global from $78.00 to $64.00 and set an “overweight” rating for the company in a report on Tuesday. Wolfe Research upgraded shares of Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price target for the company in a report on Monday, February 24th. Wells Fargo & Company cut their price target on shares of Carrier Global from $75.00 to $70.00 and set an “equal weight” rating for the company in a report on Wednesday, February 12th. Finally, The Goldman Sachs Group initiated coverage on shares of Carrier Global in a report on Thursday, December 12th. They set a “buy” rating and a $96.00 target price for the company. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Carrier Global currently has a consensus rating of “Moderate Buy” and an average target price of $81.33.

Carrier Global Stock Performance

Shares of NYSE CARR opened at $60.81 on Thursday. The company has a market cap of $52.54 billion, a PE ratio of 9.68, a price-to-earnings-growth ratio of 2.01 and a beta of 1.33. Carrier Global Co. has a 12 month low of $53.33 and a 12 month high of $83.32. 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 50-day simple moving average of $64.44 and a 200-day simple moving average of $70.60.

Carrier Global (NYSE:CARR) last released its earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03. Carrier Global had a net margin of 23.83% and a return on equity of 18.82%. During the same period in the prior year, the business earned $0.53 earnings per share. On average, equities analysts anticipate that Carrier Global Co. will post 2.99 earnings per share for the current year.

Carrier Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Friday, May 2nd will be issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 1.48%. Carrier Global’s payout ratio is 14.33%.

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.