Carrier Global Co. (NYSE:CARR) Stock Position Raised by Wellington Management Group LLP

Wellington Management Group LLP lifted its position in Carrier Global Co. (NYSE:CARR) by 303.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 181,661 shares of the company’s stock after acquiring an additional 136,597 shares during the quarter. Wellington Management Group LLP’s holdings in Carrier Global were worth $12,400,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. RFG Advisory LLC lifted its position in shares of Carrier Global by 36.2% in the 4th quarter. RFG Advisory LLC now owns 7,170 shares of the company’s stock valued at $489,000 after acquiring an additional 1,904 shares in the last quarter. Princeton Global Asset Management LLC lifted its position in Carrier Global by 1,156.1% in the 4th quarter. Princeton Global Asset Management LLC now owns 20,663 shares of the company’s stock worth $1,410,000 after buying an additional 19,018 shares in the last quarter. Miracle Mile Advisors LLC purchased a new stake in Carrier Global in the 4th quarter worth approximately $2,213,000. Waldron Private Wealth LLC lifted its position in Carrier Global by 90.5% in the 4th quarter. Waldron Private Wealth LLC now owns 16,532 shares of the company’s stock worth $1,128,000 after buying an additional 7,854 shares in the last quarter. Finally, Gateway Wealth Partners LLC lifted its position in Carrier Global by 221.8% in the 4th quarter. Gateway Wealth Partners LLC now owns 10,327 shares of the company’s stock worth $705,000 after buying an additional 7,118 shares in the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Performance

NYSE CARR opened at $60.81 on Thursday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96. The firm has a market capitalization of $52.54 billion, a price-to-earnings ratio of 9.68, a P/E/G ratio of 2.01 and a beta of 1.33. The company’s fifty day moving average is $64.44 and its two-hundred day moving average is $70.60. Carrier Global Co. has a 52-week low of $53.33 and a 52-week high of $83.32.

Carrier Global (NYSE:CARR) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate 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 last year, the business posted $0.53 EPS. Equities research analysts forecast that Carrier Global Co. will post 2.99 EPS for the current year.

Carrier Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Friday, May 2nd will be given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 1.48%. Carrier Global’s dividend payout ratio (DPR) is currently 14.33%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on CARR shares. Citigroup cut their target price on shares of Carrier Global from $94.00 to $90.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Wells Fargo & Company cut their target price on shares of Carrier Global from $75.00 to $70.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. JPMorgan Chase & Co. cut their target price on shares of Carrier Global from $78.00 to $64.00 and set an “overweight” rating for the company in a research report on Tuesday. Barclays dropped their price target on shares of Carrier Global from $87.00 to $83.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 26th. Finally, Wolfe Research upgraded shares of Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research note on Monday, February 24th. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.33.

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.