Carrier Global Co. (NYSE:CARR) Shares Acquired by Gotham Asset Management LLC

Gotham Asset Management LLC lifted its stake in shares of Carrier Global Co. (NYSE:CARR) by 86.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,260 shares of the company’s stock after buying an additional 3,833 shares during the period. Gotham Asset Management LLC’s holdings in Carrier Global were worth $564,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. BOK Financial Private Wealth Inc. lifted 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 acquiring an additional 160 shares during the period. Ritter Daniher Financial Advisory LLC DE lifted its holdings in shares of Carrier Global by 90.0% during the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 380 shares of the company’s stock worth $26,000 after purchasing an additional 180 shares during the period. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Carrier Global during the fourth quarter worth about $31,000. Meeder Asset Management Inc. boosted its position in Carrier Global by 236.1% in the fourth quarter. Meeder Asset Management Inc. now owns 484 shares of the company’s stock valued at $33,000 after buying an additional 340 shares during the last quarter. Finally, Transce3nd LLC acquired a new position in Carrier Global in the 4th quarter worth approximately $37,000. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Carrier Global Stock Performance

Shares of CARR stock opened at $75.63 on Monday. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77. Carrier Global Co. has a 12-month low of $54.22 and a 12-month high of $83.32. The business’s 50 day moving average is $64.53 and its two-hundred day moving average is $67.91. The company has a market capitalization of $64.83 billion, a P/E ratio of 12.04, a P/E/G ratio of 2.01 and a beta of 1.33.

Carrier Global (NYSE:CARR) last announced its earnings results on Thursday, May 1st. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07. The firm had revenue of $5.22 billion for the quarter, compared to analyst estimates of $5.17 billion. Carrier Global had a return on equity of 18.82% and a net margin of 23.83%. The business’s revenue was down 3.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.51 EPS. Analysts expect that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Friday, May 2nd will be paid a dividend of $0.225 per share. The ex-dividend date is Friday, May 2nd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.19%. Carrier Global’s dividend payout ratio is currently 13.93%.

Wall Street Analysts Forecast Growth

Several analysts have commented on CARR shares. Northcoast Research upgraded shares of Carrier Global from a “neutral” rating to a “buy” rating and set a $85.00 price objective for the company in a research note on Friday, May 9th. Citigroup decreased their target price on shares of Carrier Global from $89.00 to $72.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Wells Fargo & Company increased their price target on Carrier Global from $65.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Monday, May 5th. Barclays lifted their price objective on Carrier Global from $83.00 to $84.00 and gave the company an “overweight” rating in a research note on Wednesday, May 7th. Finally, Wolfe Research upgraded Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research note on Monday, February 24th. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Carrier Global has an average rating of “Moderate Buy” and a consensus target price of $82.53.

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.