447,708 Shares in Carrier Global Co. (NYSE:CARR) Purchased by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec bought a new stake in shares of Carrier Global Co. (NYSE:CARR) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 447,708 shares of the company’s stock, valued at approximately $30,561,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC grew its holdings in Carrier Global by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 17,357,770 shares of the company’s stock worth $1,181,300,000 after acquiring an additional 420,081 shares during the period. Fisher Asset Management LLC boosted its position in shares of Carrier Global by 0.3% during the 4th quarter. Fisher Asset Management LLC now owns 14,313,331 shares of the company’s stock valued at $977,028,000 after purchasing an additional 46,222 shares in the last quarter. Northern Trust Corp grew its stake in shares of Carrier Global by 16.7% in the 4th quarter. Northern Trust Corp now owns 8,847,377 shares of the company’s stock worth $603,922,000 after purchasing an additional 1,266,137 shares during the last quarter. Norges Bank bought a new stake in shares of Carrier Global in the 4th quarter worth approximately $588,029,000. Finally, Pictet Asset Management Holding SA lifted its stake in Carrier Global by 2.1% during the fourth quarter. Pictet Asset Management Holding SA now owns 6,080,842 shares of the company’s stock valued at $415,078,000 after purchasing an additional 126,174 shares during the last quarter. 91.00% of the stock is currently owned by institutional investors.

Carrier Global Price Performance

NYSE CARR opened at $71.60 on Friday. Carrier Global Co. has a fifty-two week low of $54.22 and a fifty-two week high of $83.32. The stock’s 50-day moving average is $63.06 and its two-hundred day moving average is $68.39. The firm has a market cap of $61.86 billion, a P/E ratio of 11.40, a price-to-earnings-growth 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 posted its earnings results on Thursday, May 1st. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.07. Carrier Global had a return on equity of 18.82% and a net margin of 23.83%. The firm had revenue of $5.22 billion during the quarter, compared to analyst estimates of $5.17 billion. During the same period in the previous year, the company earned $0.51 EPS. The company’s revenue for the quarter was down 3.7% on a year-over-year basis. On average, analysts anticipate that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Friday, May 2nd will be issued a $0.225 dividend. The ex-dividend date is Friday, May 2nd. This represents a $0.90 annualized dividend and a yield of 1.26%. Carrier Global’s dividend payout ratio (DPR) is presently 14.33%.

Analyst Ratings Changes

Several research analysts have issued reports on CARR shares. Barclays dropped their price target on Carrier Global from $87.00 to $83.00 and set an “overweight” rating on the stock in a report on Wednesday, March 26th. Citigroup reduced their target price on Carrier Global from $89.00 to $72.00 and set a “buy” rating for the company in a report on Monday, April 14th. Wells Fargo & Company dropped their price target on Carrier Global from $75.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 12th. Wolfe Research raised 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 note on Monday, February 24th. Finally, JPMorgan Chase & Co. dropped 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. Five analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Carrier Global has a consensus rating of “Moderate Buy” and a consensus target price of $80.86.

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.