Deutsche Bank AG Boosts Stock Holdings in Carrier Global Co. (NYSE:CARR)

Deutsche Bank AG lifted its holdings in Carrier Global Co. (NYSE:CARR) by 13.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,400,584 shares of the company’s stock after purchasing an additional 280,077 shares during the period. Deutsche Bank AG owned about 0.27% of Carrier Global worth $163,864,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BOK Financial Private Wealth Inc. boosted its position in Carrier Global by 80.0% during the 4th quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock valued at $25,000 after acquiring an additional 160 shares in the last quarter. Ritter Daniher Financial Advisory LLC DE lifted its stake in shares of Carrier Global by 90.0% during the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 380 shares of the company’s stock worth $26,000 after purchasing an additional 180 shares during the last quarter. Bradley & Co. Private Wealth Management LLC bought a new stake in Carrier Global during the fourth quarter valued at about $31,000. Meeder Asset Management Inc. boosted its position in 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, Transce3nd LLC purchased a new position in Carrier Global in the fourth quarter valued at about $37,000. 91.00% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CARR shares. Wolfe Research upgraded shares of Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a report on Monday, February 24th. Royal Bank of Canada lifted their price target on shares of Carrier Global from $71.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, May 2nd. Citigroup reduced their price target on Carrier Global from $89.00 to $72.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Mizuho set a $72.00 price objective on Carrier Global in a research report on Tuesday, April 22nd. Finally, Barclays upped their target price on Carrier Global from $83.00 to $84.00 and gave the company an “overweight” rating in a research report on Wednesday. Four research 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 stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $81.53.

Carrier Global Trading Up 1.3 %

NYSE CARR opened at $71.44 on Friday. Carrier Global Co. has a 1 year low of $54.22 and a 1 year high of $83.32. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96. The company has a market capitalization of $61.25 billion, a PE ratio of 11.38, a P/E/G ratio of 2.01 and a beta of 1.33. The company has a fifty day moving average of $63.72 and a 200 day moving average of $68.02.

Carrier Global (NYSE:CARR) last issued its earnings results on Thursday, May 1st. The company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.07. The firm had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $5.17 billion. Carrier Global had a return on equity of 18.82% and a net margin of 23.83%. The company’s revenue was down 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.51 earnings per share. Research analysts forecast that Carrier Global Co. will post 2.99 earnings per share for the current year.

Carrier Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders 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 dividend yield of 1.26%. The ex-dividend date is Friday, May 2nd. Carrier Global’s dividend payout ratio (DPR) 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.