Carrier Global Co. (NYSE:CARR) Shares Acquired by Dai ichi Life Insurance Company Ltd

Dai ichi Life Insurance Company Ltd lifted its position in shares of Carrier Global Co. (NYSE:CARR) by 74.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 57,824 shares of the company’s stock after purchasing an additional 24,625 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in Carrier Global were worth $3,322,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fisher Asset Management LLC increased its position in Carrier Global by 2.3% in the 4th quarter. Fisher Asset Management LLC now owns 13,293,503 shares of the company’s stock valued at $763,712,000 after acquiring an additional 296,725 shares during the period. Northern Trust Corp increased its position in Carrier Global by 3.4% in the 3rd quarter. Northern Trust Corp now owns 8,941,301 shares of the company’s stock valued at $493,560,000 after acquiring an additional 289,973 shares during the period. Norges Bank acquired a new position in Carrier Global in the 4th quarter valued at about $444,487,000. FMR LLC increased its position in Carrier Global by 18.3% in the 3rd quarter. FMR LLC now owns 6,666,775 shares of the company’s stock valued at $368,006,000 after acquiring an additional 1,033,484 shares during the period. Finally, PineStone Asset Management Inc. increased its position in Carrier Global by 21.6% in the 4th quarter. PineStone Asset Management Inc. now owns 4,752,550 shares of the company’s stock valued at $273,034,000 after acquiring an additional 845,622 shares during the period. Institutional investors and hedge funds own 91.00% of the company’s stock.

Wall Street Analyst Weigh In

CARR has been the topic of a number of analyst reports. Citigroup lifted their price objective on Carrier Global from $60.00 to $63.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Robert W. Baird lifted their price objective on Carrier Global from $60.00 to $64.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Wells Fargo & Company boosted their price target on Carrier Global from $59.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Friday, April 26th. TD Cowen boosted their price target on Carrier Global from $66.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, April 29th. Finally, Barclays boosted their price target on Carrier Global from $78.00 to $79.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Carrier Global has a consensus rating of “Hold” and an average price target of $62.71.

Carrier Global Trading Down 0.4 %

NYSE CARR traded down $0.27 during trading hours on Thursday, hitting $65.08. 256,574 shares of the company’s stock were exchanged, compared to its average volume of 4,657,387. The business’s 50 day moving average is $59.49 and its 200-day moving average is $56.62. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.99 and a current ratio of 1.36. Carrier Global Co. has a 12-month low of $40.49 and a 12-month high of $66.50. The firm has a market capitalization of $58.64 billion, a P/E ratio of 45.71, a price-to-earnings-growth ratio of 2.67 and a beta of 1.34.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Thursday, April 25th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.12. Carrier Global had a net margin of 5.41% and a return on equity of 26.01%. The business had revenue of $6.18 billion for the quarter, compared to analyst estimates of $6.27 billion. As a group, analysts anticipate that Carrier Global Co. will post 2.85 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Investors of record on Friday, May 3rd were given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend was Thursday, May 2nd. Carrier Global’s dividend payout ratio (DPR) is currently 53.15%.

Insider Activity at Carrier Global

In other news, insider Jurgen Timperman sold 159,915 shares of the stock in a transaction on Monday, April 29th. The shares were sold at an average price of $61.95, for a total value of $9,906,734.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Nadia Villeneuve sold 98,428 shares of Carrier Global stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $65.40, for a total transaction of $6,437,191.20. Following the sale, the vice president now owns 85,028 shares in the company, valued at $5,560,831.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jurgen Timperman sold 159,915 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $61.95, for a total transaction of $9,906,734.25. The disclosure for this sale can be found here. 6.95% of the stock is owned by insiders.

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.