Harvest Fund Management Co. Ltd Has $184,000 Holdings in Carrier Global Co. (NYSE:CARR)

Harvest Fund Management Co. Ltd grew its position in shares of Carrier Global Co. (NYSE:CARR) by 50.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,200 shares of the company’s stock after buying an additional 1,077 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Carrier Global were worth $184,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. OFI Invest Asset Management bought a new stake in Carrier Global during the 3rd quarter worth approximately $28,000. Larson Financial Group LLC boosted its stake in Carrier Global by 76.2% in the third quarter. Larson Financial Group LLC now owns 511 shares of the company’s stock worth $28,000 after purchasing an additional 221 shares in the last quarter. VisionPoint Advisory Group LLC acquired a new position in Carrier Global in the third quarter worth $30,000. GHP Investment Advisors Inc. grew its holdings in shares of Carrier Global by 205.1% during the third quarter. GHP Investment Advisors Inc. now owns 595 shares of the company’s stock worth $31,000 after purchasing an additional 400 shares during the last quarter. Finally, Criterion Capital Advisors LLC acquired a new stake in shares of Carrier Global in the fourth quarter valued at $32,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Insider Transactions at Carrier Global

In related news, VP Kevin J. O’connor sold 26,551 shares of Carrier Global stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $53.77, for a total value of $1,427,647.27. Following the sale, the vice president now owns 66,083 shares of the company’s stock, valued at $3,553,282.91. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO David L. Gitlin sold 354,539 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $54.16, for a total transaction of $19,201,832.24. Following the completion of the sale, the chief executive officer now directly owns 422,808 shares in the company, valued at approximately $22,899,281.28. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Kevin J. O’connor sold 26,551 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $53.77, for a total transaction of $1,427,647.27. Following the transaction, the vice president now owns 66,083 shares of the company’s stock, valued at $3,553,282.91. The disclosure for this sale can be found here. Company insiders own 6.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CARR. Barclays increased their price objective on shares of Carrier Global from $71.00 to $78.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Oppenheimer reissued an “outperform” rating and set a $63.00 price target on shares of Carrier Global in a research note on Thursday, April 18th. Royal Bank of Canada lowered their price target on shares of Carrier Global from $63.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, February 7th. Wells Fargo & Company reduced their price objective on Carrier Global from $63.00 to $57.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 7th. Finally, Citigroup boosted their target price on Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Carrier Global currently has a consensus rating of “Hold” and an average price target of $61.15.

Carrier Global Trading Up 4.2 %

NYSE:CARR opened at $57.09 on Thursday. The firm has a market capitalization of $51.39 billion, a price-to-earnings ratio of 34.66, a PEG ratio of 2.33 and a beta of 1.39. Carrier Global Co. has a 1-year low of $40.28 and a 1-year high of $60.87. The business’s 50-day moving average price is $56.34 and its two-hundred day moving average price is $54.76. The company has a current ratio of 2.73, a quick ratio of 2.40 and a debt-to-equity ratio of 1.58.

Carrier Global (NYSE:CARR) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.02. The business had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.22 billion. Carrier Global had a net margin of 6.10% and a return on equity of 27.19%. Carrier Global’s revenue for the quarter was down .1% on a year-over-year basis. During the same period last year, the company posted $0.40 EPS. On average, equities analysts expect that Carrier Global Co. will post 2.82 earnings per share for the current year.

Carrier Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Friday, May 3rd will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $0.76 annualized dividend and a dividend yield of 1.33%. Carrier Global’s dividend payout ratio is currently 48.10%.

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.