Arizona State Retirement System Has $15.92 Million Position in Carrier Global Co. (NYSE:CARR)

Arizona State Retirement System boosted its holdings in shares of Carrier Global Co. (NYSE:CARR) by 0.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 233,204 shares of the company’s stock after acquiring an additional 696 shares during the period. Arizona State Retirement System’s holdings in Carrier Global were worth $15,919,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of CARR. Farther Finance Advisors LLC grew its holdings in Carrier Global by 4.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,198 shares of the company’s stock worth $579,000 after acquiring an additional 294 shares during the period. QRG Capital Management Inc. grew its holdings in Carrier Global by 8.9% during the 3rd quarter. QRG Capital Management Inc. now owns 67,272 shares of the company’s stock worth $5,415,000 after acquiring an additional 5,512 shares during the period. PDS Planning Inc acquired a new stake in Carrier Global during the 3rd quarter worth $253,000. Amalgamated Bank grew its holdings in Carrier Global by 1.9% during the 3rd quarter. Amalgamated Bank now owns 172,439 shares of the company’s stock worth $13,880,000 after acquiring an additional 3,196 shares during the period. Finally, Crestwood Advisors Group LLC grew its holdings in Carrier Global by 2.2% during the 3rd quarter. Crestwood Advisors Group LLC now owns 15,777 shares of the company’s stock worth $1,270,000 after acquiring an additional 341 shares during the period. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Trading Up 4.5 %

CARR opened at $64.86 on Thursday. The firm’s fifty day simple moving average is $66.80 and its 200 day simple moving average is $72.30. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77. Carrier Global Co. has a 12 month low of $53.33 and a 12 month high of $83.32. The stock has a market capitalization of $56.03 billion, a P/E ratio of 10.33, a P/E/G ratio of 2.01 and a beta of 1.35.

Carrier Global (NYSE:CARR) last issued 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 quarter in the previous year, the firm posted $0.53 EPS. As a group, research analysts anticipate that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Carrier Global Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, December 20th were given a dividend of $0.225 per share. The ex-dividend date of this dividend was Friday, December 20th. This is a boost from Carrier Global’s previous quarterly dividend of $0.19. This represents a $0.90 annualized dividend and a yield of 1.39%. Carrier Global’s payout ratio is 14.33%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on CARR shares. Royal Bank of Canada reduced their price target on shares of Carrier Global from $86.00 to $76.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Wells Fargo & Company reduced 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 report on Wednesday, February 12th. Northcoast Research started coverage on shares of Carrier Global in a research report on Friday, November 22nd. They set a “neutral” rating on the stock. Wolfe Research raised 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 research report on Monday, February 24th. Finally, The Goldman Sachs Group started coverage on shares of Carrier Global in a research report on Thursday, December 12th. They set a “buy” rating and a $96.00 price target on the stock. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Carrier Global has an average rating of “Moderate Buy” and an average price target of $82.53.

Carrier Global Company 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.