First Trust Advisors LP Has $69.79 Million Holdings in Carrier Global Co. (NYSE:CARR)

First Trust Advisors LP boosted its holdings in shares of Carrier Global Co. (NYSE:CARR) by 40.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,022,448 shares of the company’s stock after buying an additional 292,623 shares during the quarter. First Trust Advisors LP’s holdings in Carrier Global were worth $69,792,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. BOK Financial Private Wealth Inc. raised its stake in shares of Carrier Global by 80.0% in the 4th quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock valued at $25,000 after acquiring an additional 160 shares in the last quarter. Ritter Daniher Financial Advisory LLC DE raised its position 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 valued at $26,000 after purchasing an additional 180 shares during the period. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Carrier Global in the fourth quarter worth $31,000. Meeder Asset Management Inc. boosted its holdings in shares of Carrier Global by 236.1% during the 4th quarter. Meeder Asset Management Inc. now owns 484 shares of the company’s stock worth $33,000 after buying an additional 340 shares during the period. Finally, Aster Capital Management DIFC Ltd acquired a new position in Carrier Global in the 4th quarter valued at $42,000. 91.00% of the stock is currently owned by institutional investors.

Carrier Global Price Performance

Shares of CARR stock opened at $58.22 on Tuesday. The stock’s fifty day simple moving average is $63.65 and its 200 day simple moving average is $69.38. Carrier Global Co. has a one year low of $53.50 and a one year high of $83.32. The firm has a market cap of $50.30 billion, a price-to-earnings ratio of 9.27, a P/E/G ratio of 2.01 and a beta of 1.33. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96.

Carrier Global (NYSE:CARR) last announced its earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) for the quarter, topping 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 quarter in the previous year, the company posted $0.53 earnings per share. On average, analysts expect that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $0.90 annualized dividend and a yield of 1.55%. Carrier Global’s payout ratio is 14.33%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on CARR shares. Wells Fargo & Company lowered their price target on Carrier Global from $75.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 12th. Wolfe Research raised Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research report on Monday, February 24th. Citigroup reduced their price objective on Carrier Global from $89.00 to $72.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Royal Bank of Canada cut 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 note on Wednesday, February 12th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Carrier Global from $78.00 to $64.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Five research 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 presently has a consensus rating of “Moderate Buy” and an average price target of $80.13.

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.