Deutsche Bank AG Raises Stock Holdings in Carrier Global Co. (NYSE:CARR)

Deutsche Bank AG grew its holdings in Carrier Global Co. (NYSE:CARR) by 13.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,400,584 shares of the company’s stock after acquiring an additional 280,077 shares during the quarter. Deutsche Bank AG’s holdings in Carrier Global were worth $163,864,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. BOK Financial Private Wealth Inc. increased its holdings in Carrier Global by 80.0% in 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 in the last quarter. Ritter Daniher Financial Advisory LLC DE increased its stake 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 in the last quarter. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Carrier Global during the 4th quarter worth about $31,000. Meeder Asset Management Inc. lifted its stake in Carrier Global by 236.1% in the 4th quarter. Meeder Asset Management Inc. now owns 484 shares of the company’s stock valued at $33,000 after buying an additional 340 shares in the last quarter. Finally, Transce3nd LLC acquired a new stake in Carrier Global in the 4th quarter worth about $37,000. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global Stock Up 1.3 %

Shares of NYSE:CARR opened at $71.44 on Friday. The business has a 50-day moving average price of $63.72 and a 200 day moving average price of $68.02. Carrier Global Co. has a 12-month low of $54.22 and a 12-month high of $83.32. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $61.25 billion, a price-to-earnings ratio of 11.38, a PEG ratio of 2.01 and a beta of 1.33.

Carrier Global (NYSE:CARR) last released its quarterly 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 business had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $5.17 billion. Carrier Global had a net margin of 23.83% and a return on equity of 18.82%. The business’s revenue was down 3.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.51 EPS. Sell-side analysts expect that Carrier Global Co. will post 2.99 EPS for the current year.

Carrier Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Friday, May 2nd will be given a dividend of $0.225 per share. The ex-dividend date is Friday, May 2nd. This represents a $0.90 annualized dividend and a dividend yield of 1.26%. Carrier Global’s dividend payout ratio is currently 13.93%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CARR shares. Northcoast Research upgraded Carrier Global from a “neutral” rating to a “buy” rating and set a $85.00 target price on the stock in a research report on Friday. JPMorgan Chase & Co. lowered their target price on shares of Carrier Global from $78.00 to $64.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Wells Fargo & Company increased their target price on shares of Carrier Global from $65.00 to $75.00 and gave the company an “equal weight” rating in a research report on Monday, May 5th. Barclays boosted their price target on shares of Carrier Global from $83.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Citigroup decreased their target price on shares of Carrier Global from $89.00 to $72.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $81.53.

Carrier Global Company 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.