Carrier Global Co. (NYSE:CARR) Shares Acquired by Federated Hermes Inc.

Federated Hermes Inc. increased its stake in shares of Carrier Global Co. (NYSE:CARR) by 62.8% in the 4th quarter, Holdings Channel reports. The firm owned 4,069 shares of the company’s stock after purchasing an additional 1,570 shares during the period. Federated Hermes Inc.’s holdings in Carrier Global were worth $278,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CARR. UMB Bank n.a. raised its holdings in shares of Carrier Global by 1.1% during the fourth quarter. UMB Bank n.a. now owns 13,293 shares of the company’s stock valued at $907,000 after acquiring an additional 143 shares during the last quarter. Chicago Partners Investment Group LLC increased its position in shares of Carrier Global by 2.6% during the fourth quarter. Chicago Partners Investment Group LLC now owns 5,887 shares of the company’s stock worth $403,000 after purchasing an additional 147 shares in the last quarter. Hanson & Doremus Investment Management raised its stake in Carrier Global by 6.2% in the 4th quarter. Hanson & Doremus Investment Management now owns 2,572 shares of the company’s stock valued at $176,000 after purchasing an additional 150 shares during the last quarter. BOK Financial Private Wealth Inc. lifted its holdings in Carrier Global by 80.0% in the 4th quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock valued at $25,000 after purchasing an additional 160 shares in the last quarter. Finally, Garden State Investment Advisory Services LLC boosted its stake in Carrier Global by 2.8% during the 3rd quarter. Garden State Investment Advisory Services LLC now owns 5,950 shares of the company’s stock worth $480,000 after purchasing an additional 161 shares during the last quarter. 91.00% of the stock is owned by hedge funds and other institutional investors.

Carrier Global Stock Up 1.2 %

Shares of CARR opened at $59.87 on Friday. The company’s 50-day moving average price is $63.87 and its 200 day moving average price is $69.82. Carrier Global Co. has a 12-month low of $53.33 and a 12-month high of $83.32. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77. The firm has a market cap of $51.73 billion, a P/E ratio of 9.53, a price-to-earnings-growth ratio of 2.01 and a beta of 1.33.

Carrier Global (NYSE:CARR) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) for the quarter, beating 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 prior year, the business posted $0.53 EPS. On average, sell-side analysts forecast that Carrier Global Co. will post 2.99 earnings per share for the current year.

Carrier Global Dividend Announcement

The company also recently declared 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. The ex-dividend date is Friday, May 2nd. This represents a $0.90 annualized dividend and a dividend yield of 1.50%. Carrier Global’s dividend payout ratio is currently 14.33%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CARR shares. JPMorgan Chase & Co. decreased their price target on shares of Carrier Global from $78.00 to $64.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Wolfe Research upgraded Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a report on Monday, February 24th. Royal Bank of Canada cut their price target on Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Citigroup reduced their price objective on Carrier Global from $89.00 to $72.00 and set a “buy” rating on the stock in a research report on Monday. Finally, Mizuho upgraded Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 target price for the company in a report on Friday, February 14th. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.13.

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.