Norinchukin Bank The Raises Holdings in Carrier Global Co. (NYSE:CARR)

Norinchukin Bank The boosted its stake in Carrier Global Co. (NYSE:CARR) by 9.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 38,359 shares of the company’s stock after buying an additional 3,400 shares during the quarter. Norinchukin Bank The’s holdings in Carrier Global were worth $2,618,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. BOK Financial Private Wealth Inc. grew its holdings in shares of Carrier Global by 80.0% during the fourth 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 increased its stake in 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 last quarter. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Carrier Global in the fourth quarter worth approximately $31,000. Meeder Asset Management Inc. grew its holdings in Carrier Global by 236.1% in the fourth 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 period. Finally, Aster Capital Management DIFC Ltd purchased a new position in Carrier Global during the fourth quarter worth approximately $42,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Royal Bank of Canada dropped their price target on Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. Barclays dropped 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. Citigroup decreased their price target on shares of Carrier Global from $89.00 to $72.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Wolfe Research upgraded Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price target for the company in a report on Monday, February 24th. Finally, Wells Fargo & Company lowered their target price on Carrier Global from $75.00 to $70.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 12th. 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $80.13.

Carrier Global Stock Performance

Shares of NYSE CARR opened at $59.87 on Friday. The stock has a market capitalization of $51.73 billion, a P/E ratio of 9.53, a P/E/G ratio of 2.01 and a beta of 1.33. The firm’s 50-day moving average price is $63.76 and its two-hundred day moving average price is $69.62. Carrier Global Co. has a 52-week low of $53.50 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.

Carrier Global (NYSE:CARR) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 earnings per share 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 period in the previous year, the firm posted $0.53 EPS. As a group, sell-side analysts forecast that Carrier Global Co. will post 2.99 earnings per share for the current 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 given a dividend of $0.225 per share. The ex-dividend date is Friday, May 2nd. This represents a $0.90 dividend on an annualized basis and a yield of 1.50%. Carrier Global’s dividend payout ratio (DPR) is presently 14.33%.

About Carrier Global

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.