Riverview Capital Advisers LLC Has $7.02 Million Stock Holdings in Carrier Global Co. (NYSE:CARR)

Riverview Capital Advisers LLC trimmed its position in Carrier Global Co. (NYSE:CARR) by 0.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 102,866 shares of the company’s stock after selling 299 shares during the quarter. Carrier Global makes up 2.1% of Riverview Capital Advisers LLC’s portfolio, making the stock its 13th biggest position. Riverview Capital Advisers LLC’s holdings in Carrier Global were worth $7,022,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CARR. Polar Capital Holdings Plc boosted its position in shares of Carrier Global by 52.5% in the 4th quarter. Polar Capital Holdings Plc now owns 109,500 shares of the company’s stock worth $7,474,000 after purchasing an additional 37,700 shares during the last quarter. ProShare Advisors LLC lifted its stake in Carrier Global by 13.6% in the fourth quarter. ProShare Advisors LLC now owns 120,809 shares of the company’s stock valued at $8,246,000 after buying an additional 14,473 shares during the period. Quantinno Capital Management LP lifted its stake in Carrier Global by 35.9% in the fourth quarter. Quantinno Capital Management LP now owns 65,097 shares of the company’s stock valued at $4,444,000 after buying an additional 17,191 shares during the period. Pathstone Holdings LLC boosted its holdings in Carrier Global by 4.9% during the fourth quarter. Pathstone Holdings LLC now owns 124,055 shares of the company’s stock worth $8,470,000 after buying an additional 5,779 shares during the last quarter. Finally, Mufg Securities Americas Inc. acquired a new position in shares of Carrier Global during the 4th quarter worth about $841,000. 91.00% of the stock is owned by institutional investors.

Carrier Global Stock Performance

Shares of CARR stock opened at $73.35 on Thursday. Carrier Global Co. has a 12 month low of $54.22 and a 12 month high of $83.32. The company’s fifty day simple moving average is $64.20 and its 200-day simple moving average is $67.99. The firm has a market cap of $62.88 billion, a PE ratio of 11.68, a P/E/G ratio of 2.01 and a beta of 1.33. The company has a quick ratio of 0.96, a current ratio of 1.25 and a debt-to-equity ratio of 0.77.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.07. Carrier Global had a return on equity of 18.82% and a net margin of 23.83%. The company had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $5.17 billion. During the same quarter last year, the company earned $0.51 EPS. Carrier Global’s revenue for the quarter was down 3.7% compared to the same quarter last year. Equities research analysts expect that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Carrier Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Friday, May 2nd will be issued a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend is Friday, May 2nd. Carrier Global’s payout ratio is presently 13.93%.

Wall Street Analysts Forecast Growth

CARR has been the topic of a number of analyst reports. Citigroup cut their price target on shares of 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 upgraded Carrier Global from a “neutral” rating to a “buy” rating and set a $85.00 target price on the stock in a report on Friday, May 9th. Royal Bank of Canada increased their price target on Carrier Global from $71.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, May 2nd. Barclays lifted their price objective on Carrier Global from $83.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. lowered their target price on Carrier Global from $78.00 to $64.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Four 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 MarketBeat.com, Carrier Global presently has a consensus rating of “Moderate Buy” and an average price target of $81.53.

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.