MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 4,002 Shares of Carrier Global Co. (NYSE:CARR)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Carrier Global Co. (NYSE:CARR) by 4.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 96,127 shares of the company’s stock after acquiring an additional 4,002 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Carrier Global were worth $6,562,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SeaCrest Wealth Management LLC grew its position in Carrier Global by 52.0% in the 4th quarter. SeaCrest Wealth Management LLC now owns 4,963 shares of the company’s stock worth $339,000 after purchasing an additional 1,697 shares during the period. Park Avenue Securities LLC grew its position in Carrier Global by 56.7% in the 4th quarter. Park Avenue Securities LLC now owns 30,420 shares of the company’s stock worth $2,076,000 after purchasing an additional 11,008 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its position in Carrier Global by 34.6% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,584 shares of the company’s stock worth $108,000 after purchasing an additional 407 shares during the period. Merit Financial Group LLC grew its position in Carrier Global by 12.5% in the 4th quarter. Merit Financial Group LLC now owns 41,867 shares of the company’s stock worth $2,858,000 after purchasing an additional 4,656 shares during the period. Finally, Professional Advisory Services Inc. grew its position in Carrier Global by 4.1% in the 4th quarter. Professional Advisory Services Inc. now owns 295,627 shares of the company’s stock worth $20,179,000 after purchasing an additional 11,585 shares during the period. Institutional investors own 91.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Wells Fargo & Company lifted their target price on shares of Carrier Global from $65.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Monday, May 5th. JPMorgan Chase & Co. lifted their price target on shares of Carrier Global from $66.00 to $79.00 and gave the stock an “overweight” rating in a research note on Friday. Barclays lifted their price target on shares of Carrier Global from $83.00 to $84.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 7th. Northcoast Research upgraded shares of Carrier Global from a “neutral” rating to a “buy” rating and set a $85.00 price target on the stock in a research note on Friday, May 9th. Finally, Royal Bank of Canada lifted their price target on shares of Carrier Global from $71.00 to $82.00 and gave the stock an “outperform” rating in a research note on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Carrier Global currently has an average rating of “Moderate Buy” and an average price target of $82.53.

Carrier Global Stock Up 2.9%

CARR opened at $75.63 on Friday. 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 fifty-two week low of $54.22 and a fifty-two week high of $83.32. The firm’s fifty day moving average is $64.53 and its 200 day moving average is $67.94. The stock has a market cap of $64.83 billion, a price-to-earnings ratio of 12.04, a price-to-earnings-growth ratio of 2.01 and a beta of 1.33.

Carrier Global (NYSE:CARR) last released its earnings results on Thursday, May 1st. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07. The company had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $5.17 billion. Carrier Global had a net margin of 23.83% and a return on equity of 18.82%. Carrier Global’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.51 EPS. On average, sell-side analysts forecast that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

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 given a $0.225 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.19%. Carrier Global’s dividend payout ratio is currently 13.93%.

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.