Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Carrier Global Co. (NYSE:CARR – Get Rating) by 8.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 525,639 shares of the company’s stock after acquiring an additional 43,058 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. owned about 0.06% of Carrier Global worth $18,692,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Renaissance Technologies LLC lifted its position in Carrier Global by 126.0% during the first quarter. Renaissance Technologies LLC now owns 5,306,931 shares of the company’s stock valued at $243,429,000 after purchasing an additional 2,958,400 shares during the last quarter. Invesco Ltd. lifted its position in Carrier Global by 59.5% during the first quarter. Invesco Ltd. now owns 4,948,588 shares of the company’s stock valued at $226,992,000 after purchasing an additional 1,845,419 shares during the last quarter. Scout Investments Inc. lifted its position in Carrier Global by 185.0% during the third quarter. Scout Investments Inc. now owns 1,143,791 shares of the company’s stock valued at $40,673,000 after purchasing an additional 742,446 shares during the last quarter. Burgundy Asset Management Ltd. lifted its position in Carrier Global by 11.9% during the second quarter. Burgundy Asset Management Ltd. now owns 5,162,352 shares of the company’s stock valued at $184,089,000 after purchasing an additional 547,683 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Carrier Global by 21.4% during the second quarter. JPMorgan Chase & Co. now owns 3,084,474 shares of the company’s stock valued at $109,993,000 after purchasing an additional 543,258 shares during the last quarter. 85.21% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Carrier Global
In other news, insider Jurgen Timperman sold 102,552 shares of the business’s stock in a transaction on Tuesday, November 29th. The shares were sold at an average price of $43.57, for a total transaction of $4,468,190.64. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.24% of the company’s stock.
Analyst Upgrades and Downgrades
Carrier Global Stock Up 1.4 %
Shares of Carrier Global stock opened at $45.87 on Monday. The company has a current ratio of 1.62, a quick ratio of 1.18 and a debt-to-equity ratio of 1.16. The company’s fifty day simple moving average is $43.04 and its two-hundred day simple moving average is $40.19. The company has a market cap of $38.36 billion, a P/E ratio of 11.08, a PEG ratio of 2.19 and a beta of 1.33. Carrier Global Co. has a 12-month low of $33.10 and a 12-month high of $51.48.
Carrier Global (NYSE:CARR – Get Rating) last issued its quarterly earnings data on Thursday, October 27th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.05. The business had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.44 billion. Carrier Global had a net margin of 17.55% and a return on equity of 28.45%. Research analysts anticipate that Carrier Global Co. will post 2.34 EPS for the current year.
Carrier Global Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 10th. Shareholders of record on Thursday, December 22nd will be given a dividend of $0.185 per share. This is an increase from Carrier Global’s previous quarterly dividend of $0.15. This represents a $0.74 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date is Wednesday, December 21st. Carrier Global’s payout ratio is presently 17.87%.
Carrier Global Profile
Carrier Global Corporation provides heating, ventilating, 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.
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