Carrier Global Co. (NYSE:CARR) shares acquired by Dupont Capital Management Corp


Dupont Capital Management Corp increased its stake in Carrier Global Co. (NYSE: CARRGet a rating) by 77.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The company held 7,354 shares of the company after purchasing an additional 3,218 shares during the quarter. Dupont Capital Management Corp’s holdings in Carrier Global were worth $337,000 at the end of the last quarter.

Other hedge funds have also recently increased or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. increased its stake in Carrier Global by 3.6% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 40,938 shares of the company worth $2,220,000 after purchasing an additional 1,415 shares during the period. Pinnacle Wealth Planning Services Inc. increased its holdings in Carrier Global by 35.6% in the first quarter. Pinnacle Wealth Planning Services Inc. now owns 5,484 shares of the company worth $252,000 after purchasing an additional 1,440 shares during the period. Hartford Investment Management Co. increased its holdings in Carrier Global by 8.6% in the fourth quarter. Hartford Investment Management Co. now owns 88,073 shares of the company worth $4,777,000 after purchasing an additional 6,997 shares during the period. Rockland Trust Co. increased its holdings in Carrier Global by 36.3% in the first quarter. Rockland Trust Co. now owns 5,996 shares of the company worth $275,000 after purchasing an additional 1,596 shares during the period. Finally, Huntington National Bank increased its stake in Carrier Global by 0.3% in the fourth quarter. National Bank Huntington now owns 89,989 shares of the company worth $4,882,000 after purchasing an additional 272 shares during the period. Institutional investors and hedge funds own 85.55% of the company’s shares.

Global carrier inventory up 1.1%

CARR Action opened at $36.00 on Friday. The company has a quick ratio of 1.31, a current ratio of 1.74 and a debt ratio of 1.12. The company has a 50-day moving average price of $37.34 and a two-hundred-day moving average price of $42.78. The company has a market capitalization of $30.54 billion, a price/earnings ratio of 11.92, a P/E/G ratio of 1.91 and a beta of 1.35. Carrier Global Co. has a 12-month low of $34.12 and a 12-month high of $58.89.

Global Carrier (NYSE: CARRGet a rating) last released its quarterly results on Thursday, April 28. The company reported earnings per share of $0.54 for the quarter, beating consensus analyst estimates of $0.47 by $0.07. Carrier Global had a return on equity of 28.53% and a net margin of 12.93%. The company posted revenue of $4.65 billion in the quarter, versus a consensus estimate of $4.55 billion. During the same period last year, the company earned earnings per share of $0.48. The company’s revenues were down 1.0% from the same quarter last year. Analysts expect Carrier Global Co. to post an EPS of 2.29 for the current fiscal year.

Carrier Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 10. Shareholders of record on Thursday, June 23 will receive a dividend of $0.15 per share. The ex-dividend date is Wednesday, June 22. This represents an annualized dividend of $0.60 and a dividend yield of 1.67%. Carrier Global’s dividend payout ratio is currently 19.87%.

Wall Street analysts predict growth

A number of research firms commented on CARR. Deutsche Bank Aktiengesellschaft cut its price target on Carrier Global shares from $55.00 to $49.00 in a Friday, April 29 report. Barclays cut its price target on Carrier Global shares from $50.00 to $47.00 and set an “overweight” rating for the company in a Friday, July 8 report. Jefferies Financial Group cut its price target on Carrier Global shares from $55.00 to $47.00 in a report on Friday. Bank of America downgraded Carrier Global shares from a “buy” rating to a “neutral” rating in a Wednesday, May 18 report. Finally, Wells Fargo & Company cut its price target on Carrier Global shares from $39.00 to $38.00 and set an “equal weight” rating for the company in a Tuesday, July 12 report. Eleven research analysts gave the stock a hold rating and seven gave the company a buy rating. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $52.18.

About Carrier Global

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Carrier Global Corporation provides heating, ventilation and air conditioning (HVAC), refrigeration, fire, security and building automation technologies worldwide. It operates through three segments: HVAC, Refrigeration and Fire & Security. The HVAC segment provides products, controls, services and solutions to meet the heating, cooling and ventilation needs of residential and commercial customers.

See also

Institutional ownership by quarter for Carrier Global (NYSE:CARR)



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