Harmony Asset Management LLC Has $3.94 Million Position in Carrier Global Co. (NYSE:CARR)

Harmony Asset Management LLC grew its holdings in Carrier Global Co. (NYSE:CARR) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 57,657 shares of the company’s stock after purchasing an additional 601 shares during the quarter. Carrier Global comprises 1.6% of Harmony Asset Management LLC’s portfolio, making the stock its 13th biggest holding. Harmony Asset Management LLC’s holdings in Carrier Global were worth $3,936,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Geode Capital Management LLC grew its position in shares of Carrier Global by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 17,357,770 shares of the company’s stock valued at $1,181,300,000 after purchasing an additional 420,081 shares during the last quarter. Fisher Asset Management LLC grew its position in Carrier Global by 0.3% during the fourth quarter. Fisher Asset Management LLC now owns 14,313,331 shares of the company’s stock worth $977,028,000 after buying an additional 46,222 shares in the last quarter. Northern Trust Corp grew its position in Carrier Global by 16.7% during the fourth quarter. Northern Trust Corp now owns 8,847,377 shares of the company’s stock worth $603,922,000 after buying an additional 1,266,137 shares in the last quarter. Norges Bank acquired a new stake in Carrier Global during the fourth quarter worth about $588,029,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Carrier Global by 15.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,930,061 shares of the company’s stock worth $473,046,000 after buying an additional 936,892 shares in the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global Stock Performance

NYSE:CARR opened at $72.07 on Thursday. Carrier Global Co. has a 1 year low of $54.22 and a 1 year high of $83.32. The firm has a 50 day moving average of $65.06 and a 200-day moving average of $68.01. 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 stock has a market capitalization of $61.79 billion, a P/E ratio of 11.48, a price-to-earnings-growth ratio of 2.01 and a beta of 1.33.

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

Carrier Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Friday, May 2nd will be paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Friday, May 2nd. Carrier Global’s dividend payout ratio (DPR) is currently 13.93%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CARR. Mizuho set a $72.00 target price on Carrier Global in a research report on Tuesday, April 22nd. Citigroup decreased their target price on Carrier Global from $89.00 to $72.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Northcoast Research raised Carrier Global from a “neutral” rating to a “buy” rating and set a $85.00 target price on the stock in a research report on Friday, May 9th. JPMorgan Chase & Co. lifted their target price on Carrier Global from $66.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, May 16th. Finally, Wolfe Research raised Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research report on Monday, February 24th. Four equities research 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’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $83.00.

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.