Fjarde AP Fonden Fourth Swedish National Pension Fund Buys 4,800 Shares of Carrier Global Co. (NYSE:CARR)

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in Carrier Global Co. (NYSE:CARR) by 3.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 133,989 shares of the company’s stock after acquiring an additional 4,800 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Carrier Global were worth $9,146,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. FSA Wealth Management LLC bought a new stake in shares of Carrier Global in the third quarter valued at about $28,000. Coastline Trust Co bought a new position in Carrier Global during the third quarter worth about $37,000. Capital Performance Advisors LLP bought a new position in Carrier Global during the third quarter worth about $44,000. Ashton Thomas Securities LLC bought a new position in Carrier Global during the third quarter worth about $50,000. Finally, GHP Investment Advisors Inc. lifted its stake in Carrier Global by 67.2% during the third quarter. GHP Investment Advisors Inc. now owns 687 shares of the company’s stock worth $55,000 after purchasing an additional 276 shares during the period. Institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Performance

Shares of Carrier Global stock opened at $66.10 on Monday. 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 firm has a market cap of $57.39 billion, a P/E ratio of 10.52, a P/E/G ratio of 2.01 and a beta of 1.35. The firm has a 50 day simple moving average of $67.46 and a 200 day simple moving average of $72.40. Carrier Global Co. has a fifty-two week low of $53.33 and a fifty-two week high of $83.32.

Carrier Global (NYSE:CARR) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share 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 last year, the company earned $0.53 earnings per share. Sell-side analysts predict that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Carrier Global Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, December 20th were issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date was Friday, December 20th. This is a positive change from Carrier Global’s previous quarterly dividend of $0.19. Carrier Global’s payout ratio is currently 14.33%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CARR. Mizuho upgraded shares of Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price target for the company in a research note on Friday, February 14th. Citigroup cut their price target on shares of Carrier Global from $94.00 to $90.00 and set a “buy” rating for the company in a research note on Monday, January 13th. The Goldman Sachs Group started coverage on shares of Carrier Global in a research note on Thursday, December 12th. They set a “buy” rating and a $96.00 price target for the company. Stephens cut their target price on shares of Carrier Global from $85.00 to $80.00 and set an “equal weight” rating for the company in a research note on Monday, October 28th. Finally, JPMorgan Chase & Co. cut their target price on shares of Carrier Global from $83.00 to $77.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Seven analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $82.64.

About Carrier Global

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.