Natixis Raises Stock Position in Carrier Global Co. (NYSE:CARR)

Natixis raised its stake in shares of Carrier Global Co. (NYSE:CARR) by 109.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 151,914 shares of the company’s stock after acquiring an additional 79,239 shares during the quarter. Natixis’ holdings in Carrier Global were worth $10,370,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of CARR. BOK Financial Private Wealth Inc. increased its stake in Carrier Global by 80.0% during the 4th quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock worth $25,000 after buying an additional 160 shares in the last quarter. Ritter Daniher Financial Advisory LLC DE boosted its stake in shares of Carrier Global by 90.0% in the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 380 shares of the company’s stock worth $26,000 after acquiring an additional 180 shares during the last quarter. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of Carrier Global during the fourth quarter worth approximately $31,000. Meeder Asset Management Inc. raised 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 purchasing an additional 340 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new position in Carrier Global in the 4th quarter valued at $42,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Wall Street Analyst Weigh In

CARR has been the subject of a number of recent research reports. Wolfe Research upgraded shares of Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 target price for the company in a research report on Monday, February 24th. Wells Fargo & Company cut their price target 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. JPMorgan Chase & Co. reduced their price objective on Carrier Global from $78.00 to $64.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Mizuho upgraded Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 target price for the company in a report on Friday, February 14th. Finally, Barclays cut their price objective on shares of Carrier Global from $87.00 to $83.00 and set an “overweight” rating for the company in a research report on Wednesday, March 26th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Carrier Global presently has an average rating of “Moderate Buy” and an average price target of $80.13.

Carrier Global Stock Up 1.2 %

Shares of CARR opened at $59.87 on Friday. The company’s 50-day simple moving average is $63.76 and its 200-day simple moving average is $69.62. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25. Carrier Global Co. has a 1 year low of $53.50 and a 1 year high of $83.32. The stock has a market capitalization of $51.73 billion, a PE ratio of 9.53, a P/E/G ratio of 2.01 and a beta of 1.33.

Carrier Global (NYSE:CARR) last issued its quarterly earnings results 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 net margin of 23.83% and a return on equity of 18.82%. During the same period in the previous year, the firm posted $0.53 earnings per share. Analysts forecast that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

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

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.