J. Safra Sarasin Holding AG Buys 40,002 Shares of Carrier Global Co. (NYSE:CARR)

J. Safra Sarasin Holding AG raised its holdings in Carrier Global Co. (NYSE:CARR) by 10.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 407,412 shares of the company’s stock after acquiring an additional 40,002 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Carrier Global were worth $27,810,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CARR. Morse Asset Management Inc acquired a new position in shares of Carrier Global during the 3rd quarter valued at $201,000. M&T Bank Corp raised its position in Carrier Global by 8.9% in the 3rd quarter. M&T Bank Corp now owns 311,453 shares of the company’s stock valued at $25,069,000 after buying an additional 25,346 shares during the last quarter. Anchor Investment Management LLC boosted its holdings in Carrier Global by 6.6% during the third quarter. Anchor Investment Management LLC now owns 5,745 shares of the company’s stock worth $462,000 after purchasing an additional 355 shares during the last quarter. Wilmington Savings Fund Society FSB grew its holdings in shares of Carrier Global by 280.5% in the third quarter. Wilmington Savings Fund Society FSB now owns 34,717 shares of the company’s stock valued at $2,794,000 after acquiring an additional 25,594 shares in the last quarter. Finally, Peapack Gladstone Financial Corp raised its stake in shares of Carrier Global by 1.4% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 176,984 shares of the company’s stock worth $14,246,000 after purchasing an additional 2,397 shares during the period. 91.00% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CARR has been the subject of a number of analyst reports. Wolfe Research upgraded shares of Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research report on Monday, February 24th. JPMorgan Chase & Co. decreased their price target 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 cut their target price on shares of Carrier Global from $75.00 to $70.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 12th. Citigroup reduced their price target on Carrier Global from $89.00 to $72.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Finally, Royal Bank of Canada dropped their target price on shares of Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Five 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 company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $80.13.

Carrier Global Price Performance

Shares of NYSE:CARR opened at $59.87 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 twelve month low of $53.50 and a twelve month high of $83.32. The company’s 50 day moving average is $63.76 and its 200 day moving average is $69.54. The company has a market cap of $51.73 billion, a PE ratio of 9.53, a price-to-earnings-growth ratio of 2.01 and a beta of 1.33.

Carrier Global (NYSE:CARR) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.03. Carrier Global had a return on equity of 18.82% and a net margin of 23.83%. During the same period last year, the firm posted $0.53 earnings per share. On average, sell-side analysts forecast that Carrier Global Co. will post 2.99 EPS for the current year.

Carrier Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Friday, May 2nd will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 1.50%. The ex-dividend date is Friday, May 2nd. Carrier Global’s payout ratio is currently 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.