SRS Capital Advisors Inc. grew its stake in Carrier Global Co. (NYSE:CARR – Get Rating) by 7.2% during the fourth quarter, HoldingsChannel reports. The firm owned 7,007 shares of the company’s stock after buying an additional 469 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Carrier Global were worth $380,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Capital World Investors boosted its position in Carrier Global by 29.9% during the 3rd quarter. Capital World Investors now owns 60,446,558 shares of the company’s stock worth $3,128,745,000 after buying an additional 13,917,795 shares during the period. Capital Research Global Investors boosted its position in Carrier Global by 6.3% during the 3rd quarter. Capital Research Global Investors now owns 59,498,333 shares of the company’s stock worth $3,079,643,000 after buying an additional 3,537,425 shares during the period. Geode Capital Management LLC boosted its position in Carrier Global by 11.3% during the 3rd quarter. Geode Capital Management LLC now owns 16,085,291 shares of the company’s stock worth $830,492,000 after buying an additional 1,633,014 shares during the period. KBC Group NV boosted its position in Carrier Global by 578.1% during the 4th quarter. KBC Group NV now owns 1,562,990 shares of the company’s stock worth $84,777,000 after buying an additional 1,332,490 shares during the period. Finally, American Century Companies Inc. boosted its position in Carrier Global by 9,081.1% during the 3rd quarter. American Century Companies Inc. now owns 848,974 shares of the company’s stock worth $43,943,000 after buying an additional 839,727 shares during the period. Institutional investors own 84.12% of the company’s stock.
CARR stock traded down $1.14 during midday trading on Friday, reaching $38.27. 8,408,200 shares of the company’s stock traded hands, compared to its average volume of 3,678,713. The company has a market cap of $32.64 billion, a price-to-earnings ratio of 12.67, a P/E/G ratio of 1.80 and a beta of 1.20. The firm’s fifty day moving average price is $44.19 and its 200-day moving average price is $49.27. The company has a quick ratio of 1.42, a current ratio of 1.72 and a debt-to-equity ratio of 1.34. Carrier Global Co. has a 52 week low of $36.23 and a 52 week high of $58.89.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 19th. Shareholders of record on Friday, April 29th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, April 28th. This represents a $0.60 dividend on an annualized basis and a yield of 1.57%. Carrier Global’s dividend payout ratio (DPR) is presently 19.87%.
Several research firms recently commented on CARR. Mizuho cut their target price on shares of Carrier Global from $57.00 to $50.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 9th. KeyCorp lowered their price target on shares of Carrier Global from $60.00 to $54.00 and set an “overweight” rating for the company in a report on Wednesday, April 13th. Citigroup lowered their price target on shares of Carrier Global from $59.00 to $55.00 and set a “neutral” rating for the company in a report on Wednesday, February 9th. TheStreet upgraded shares of Carrier Global from a “c” rating to a “b-” rating in a report on Friday, March 18th. Finally, Vertical Research lowered shares of Carrier Global from a “buy” rating to a “hold” rating and set a $57.00 price target for the company. in a report on Monday, January 3rd. Eleven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $55.44.
In other Carrier Global news, VP Kyle Crockett sold 3,682 shares of Carrier Global stock in a transaction on Friday, February 4th. The shares were sold at an average price of $45.73, for a total transaction of $168,377.86. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.24% of the stock is owned by insiders.
Carrier Global Profile (Get Rating)
Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies worldwide. It operates through three segments: HVAC, Refrigeration, and Fire & Security. The HVAC segment provides products, controls, services, and solutions to meet the heating, cooling, and ventilation needs of residential and commercial customers.
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