National Pension Service Acquires 272,494 Shares of Carrier Global Co. (NYSE:CARR)

National Pension Service lifted its holdings in Carrier Global Co. (NYSE:CARR) by 14.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,171,233 shares of the company’s stock after purchasing an additional 272,494 shares during the period. National Pension Service owned about 0.24% of Carrier Global worth $148,208,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. FSA Wealth Management LLC purchased a new stake in Carrier Global in the 3rd quarter worth approximately $28,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in Carrier Global in the 4th quarter worth approximately $31,000. Coastline Trust Co purchased a new stake in Carrier Global in the 3rd quarter worth approximately $37,000. Capital Performance Advisors LLP purchased a new stake in Carrier Global in the 3rd quarter worth approximately $44,000. Finally, Roxbury Financial LLC purchased a new stake in Carrier Global in the 4th quarter worth approximately $49,000. Institutional investors own 91.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CARR shares. Barclays reduced their target price on shares of Carrier Global from $90.00 to $87.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. Northcoast Research initiated coverage on shares of Carrier Global in a report on Friday, November 22nd. They set a “neutral” rating for the company. 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 price objective for the company. Royal Bank of Canada cut their price objective on shares of Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Finally, Mizuho raised shares of Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price objective for the company in a report on Friday, February 14th. Six equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Carrier Global currently has a consensus rating of “Moderate Buy” and an average target price of $82.47.

Carrier Global Trading Down 1.6 %

CARR stock opened at $66.10 on Thursday. The firm has a fifty day moving average price of $67.28 and a 200 day moving average price of $72.38. Carrier Global Co. has a fifty-two week low of $53.33 and a fifty-two week high of $83.32. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25. The firm has a market cap of $57.40 billion, a PE ratio of 10.53, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35.

Carrier Global (NYSE:CARR) last posted its 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 firm earned $0.53 earnings per share. Sell-side analysts anticipate that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Carrier Global Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, December 20th were given a $0.225 dividend. The ex-dividend date of this dividend was Friday, December 20th. This is an increase from Carrier Global’s previous quarterly dividend of $0.19. This represents a $0.90 dividend on an annualized basis and a yield of 1.36%. Carrier Global’s dividend payout ratio (DPR) 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.