Marshall Wace LLP Boosts Stake in Carrier Global Co. (NYSE:CARR)

Marshall Wace LLP raised its holdings in shares of Carrier Global Co. (NYSE:CARR) by 1,726.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 700,145 shares of the company’s stock after buying an additional 661,815 shares during the period. Marshall Wace LLP’s holdings in Carrier Global were worth $47,792,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. UMB Bank n.a. boosted its holdings in Carrier Global by 1.1% during the 4th quarter. UMB Bank n.a. now owns 13,293 shares of the company’s stock valued at $907,000 after acquiring an additional 143 shares during the period. Chicago Partners Investment Group LLC grew its holdings in shares of Carrier Global by 2.6% in the fourth quarter. Chicago Partners Investment Group LLC now owns 5,887 shares of the company’s stock worth $403,000 after purchasing an additional 147 shares during the last quarter. Hanson & Doremus Investment Management increased its stake in Carrier Global by 6.2% in the 4th quarter. Hanson & Doremus Investment Management now owns 2,572 shares of the company’s stock worth $176,000 after buying an additional 150 shares during the period. BOK Financial Private Wealth Inc. lifted its holdings in Carrier Global by 80.0% during the 4th quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock valued at $25,000 after buying an additional 160 shares in the last quarter. Finally, Garden State Investment Advisory Services LLC boosted its position in Carrier Global by 2.8% in the 3rd quarter. Garden State Investment Advisory Services LLC now owns 5,950 shares of the company’s stock valued at $480,000 after buying an additional 161 shares during the period. Institutional investors own 91.00% of the company’s stock.

Carrier Global Trading Up 1.2 %

NYSE:CARR opened at $59.87 on Friday. The stock has a market capitalization of $51.73 billion, a price-to-earnings ratio of 9.53, a PEG ratio of 2.01 and a beta of 1.33. Carrier Global Co. has a 52 week low of $53.33 and a 52 week high of $83.32. The company has a quick ratio of 0.96, a current ratio of 1.25 and a debt-to-equity ratio of 0.77. The firm has a 50 day moving average of $63.87 and a 200 day moving average of $69.82.

Carrier Global (NYSE:CARR) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 EPS 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 quarter last year, the firm posted $0.53 earnings per share. As a group, sell-side analysts anticipate that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Friday, May 2nd will be issued a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend is Friday, May 2nd. Carrier Global’s dividend payout ratio is presently 14.33%.

Wall Street Analysts Forecast Growth

CARR has been the topic of a number of research reports. JPMorgan Chase & Co. reduced 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 report on Tuesday, April 8th. Royal Bank of Canada decreased their target price on Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Citigroup dropped their price target on Carrier Global from $89.00 to $72.00 and set a “buy” rating on the stock in a research report on Monday. Wells Fargo & Company decreased their price objective on Carrier Global from $75.00 to $70.00 and set an “equal weight” 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 research note on Friday, February 14th. Five 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. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $80.13.

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.