Transce3nd LLC Takes Position in Carrier Global Co. (NYSE:CARR)

by · The Cerbat Gem

Transce3nd LLC purchased a new stake in shares of Carrier Global Co. (NYSE:CARR – Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 535 shares of the company’s stock, valued at approximately $37,000.

A number of other institutional investors also recently bought and sold shares of CARR. BOK Financial Private Wealth Inc. grew its position in shares of Carrier Global by 80.0% in the 4th quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock worth $25,000 after buying an additional 160 shares during the period. Ritter Daniher Financial Advisory LLC DE boosted its stake in Carrier Global by 90.0% during the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 380 shares of the company’s stock worth $26,000 after acquiring an additional 180 shares in the last quarter. Bradley & Co. Private Wealth Management LLC purchased a new stake in Carrier Global in the fourth quarter worth about $31,000. Meeder Asset Management Inc. increased its stake in shares of Carrier Global by 236.1% during the fourth quarter. Meeder Asset Management Inc. now owns 484 shares of the company’s stock valued at $33,000 after purchasing an additional 340 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new position in shares of Carrier Global during the fourth quarter valued at approximately $42,000. 91.00% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on CARR shares. Wolfe Research upgraded Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research note on Monday, February 24th. Citigroup reduced their price target on Carrier Global from $89.00 to $72.00 and set a “buy” rating for the company in a report on Monday, April 14th. Wells Fargo & Company dropped their price target on shares of Carrier Global from $75.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 12th. Royal Bank of Canada reduced their price objective on shares of Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. Finally, Barclays dropped their target price on shares of Carrier Global from $87.00 to $83.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 26th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $80.13.

Check Out Our Latest Stock Analysis on CARR

Carrier Global Price Performance

CARR stock opened at $59.51 on Wednesday. The company has a market capitalization of $51.42 billion, a PE ratio of 9.48, a price-to-earnings-growth ratio of 2.01 and a beta of 1.33. The company’s fifty day moving average price is $63.57 and its 200-day moving average price is $69.32. Carrier Global Co. has a one year low of $53.66 and a one year 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 – Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.51 by $0.03. Carrier Global had a net margin of 23.83% and a return on equity of 18.82%. During the same period in the previous year, the company posted $0.53 EPS. On average, equities analysts anticipate that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Friday, May 2nd will be issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 1.51%. The ex-dividend date is Friday, May 2nd. Carrier Global’s dividend payout ratio is presently 14.33%.

Carrier Global Company Profile

(Free Report)

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.

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