Vident Advisory LLC Has $15.33 Million Stake in Carrier Global Co. (NYSE:CARR)

Vident Advisory LLC grew its holdings in Carrier Global Co. (NYSE:CARR) by 1,551.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 224,637 shares of the company’s stock after acquiring an additional 211,033 shares during the period. Vident Advisory LLC’s holdings in Carrier Global were worth $15,334,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in CARR. BOK Financial Private Wealth Inc. boosted its stake 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 during the period. Ritter Daniher Financial Advisory LLC DE boosted its stake in Carrier Global by 90.0% in the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 380 shares of the company’s stock valued at $26,000 after purchasing an additional 180 shares during the period. Bradley & Co. Private Wealth Management LLC bought a new stake in Carrier Global in the 4th quarter valued at $31,000. Meeder Asset Management Inc. boosted its stake in Carrier Global by 236.1% in the 4th quarter. Meeder Asset Management Inc. now owns 484 shares of the company’s stock valued at $33,000 after purchasing an additional 340 shares during the period. Finally, Transce3nd LLC bought a new stake in Carrier Global in the 4th quarter valued at $37,000. 91.00% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CARR. Mizuho set a $72.00 price target on Carrier Global in a research note on Tuesday, April 22nd. Northcoast Research upgraded Carrier Global from a “neutral” rating to a “buy” rating and set a $85.00 price target for the company in a research note on Friday, May 9th. Wolfe Research upgraded Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price target for the company in a research note on Monday, February 24th. JPMorgan Chase & Co. lifted their price objective on Carrier Global from $66.00 to $79.00 and gave the company an “overweight” rating in a report on Friday. Finally, 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. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Carrier Global has a consensus rating of “Moderate Buy” and an average target price of $82.53.

Carrier Global Trading Up 2.9%

Shares of CARR stock opened at $75.63 on Monday. The firm has a market capitalization of $64.83 billion, a P/E ratio of 12.04, a P/E/G ratio of 2.01 and a beta of 1.33. Carrier Global Co. has a twelve month low of $54.22 and a twelve month high of $83.32. The company has a quick ratio of 0.96, a current ratio of 1.25 and a debt-to-equity ratio of 0.77. The stock’s fifty day simple moving average is $64.53 and its 200 day simple moving average is $67.91.

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

Carrier Global Dividend Announcement

The business also recently declared 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. The ex-dividend date is Friday, May 2nd. This represents a $0.90 annualized dividend and a dividend yield of 1.19%. Carrier Global’s payout ratio is 13.93%.

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.