Carrier Global Co. (NYSE:CARR) Shares Bought by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in shares of Carrier Global Co. (NYSE:CARR) by 3.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 133,989 shares of the company’s stock after acquiring an additional 4,800 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Carrier Global were worth $9,146,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. FSA Wealth Management LLC purchased a new stake in shares of Carrier Global in the third quarter valued at $28,000. Coastline Trust Co purchased a new stake in shares of Carrier Global in the third quarter valued at $37,000. Capital Performance Advisors LLP purchased a new stake in shares of Carrier Global in the third quarter valued at $44,000. Roxbury Financial LLC purchased a new stake in shares of Carrier Global in the fourth quarter valued at $49,000. Finally, Centricity Wealth Management LLC purchased a new stake in shares of Carrier Global in the fourth quarter valued at $49,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Mizuho upgraded Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price objective for the company in a report on Friday, February 14th. The Goldman Sachs Group assumed coverage on Carrier Global in a report on Thursday, December 12th. They set a “buy” rating and a $96.00 price objective for the company. Northcoast Research assumed coverage on Carrier Global in a report on Friday, November 22nd. They set a “neutral” rating for the company. Wells Fargo & Company cut their price objective on Carrier Global from $75.00 to $70.00 and set an “equal weight” rating for the company in a report on Wednesday, February 12th. Finally, Royal Bank of Canada cut their price objective on Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Seven research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Carrier Global currently has an average rating of “Moderate Buy” and an average target price of $82.64.

Carrier Global Trading Down 1.5 %

Shares of NYSE:CARR opened at $66.10 on Monday. The company has a market cap of $57.39 billion, a P/E ratio of 10.52, a P/E/G ratio of 2.01 and a beta of 1.35. The stock’s 50-day moving average is $67.46 and its 200-day moving average is $72.40. Carrier Global Co. has a 52-week low of $53.33 and a 52-week high of $83.32. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25.

Carrier Global (NYSE:CARR) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.03. Carrier Global had a return on equity of 18.82% and a net margin of 23.83%. During the same period in the prior year, the company earned $0.53 EPS. Equities research analysts predict that Carrier Global Co. will post 2.99 earnings per share for the current year.

Carrier Global Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, December 20th were given a $0.225 dividend. This is an increase from Carrier Global’s previous quarterly dividend of $0.19. This represents a $0.90 annualized dividend and a dividend yield of 1.36%. The ex-dividend date was Friday, December 20th. Carrier Global’s dividend payout ratio (DPR) is currently 14.33%.

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.