Tokio Marine Asset Management Co. Ltd. Purchases 1,262 Shares of Carrier Global Co. (NYSE:CARR)

Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of Carrier Global Co. (NYSE:CARR) by 6.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,863 shares of the company’s stock after acquiring an additional 1,262 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Carrier Global were worth $1,199,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Northern Trust Corp lifted its holdings in shares of Carrier Global by 3.4% in the 3rd quarter. Northern Trust Corp now owns 8,941,301 shares of the company’s stock worth $493,560,000 after purchasing an additional 289,973 shares in the last quarter. FMR LLC increased its position in shares of Carrier Global by 18.3% in the third quarter. FMR LLC now owns 6,666,775 shares of the company’s stock worth $368,006,000 after purchasing an additional 1,033,484 shares during the last quarter. C WorldWide Group Holding A S purchased a new stake in shares of Carrier Global during the 3rd quarter valued at $260,761,000. JPMorgan Chase & Co. raised its position in shares of Carrier Global by 12.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,681,849 shares of the company’s stock valued at $258,438,000 after buying an additional 521,189 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Carrier Global by 0.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,576,177 shares of the company’s stock worth $252,605,000 after purchasing an additional 26,425 shares during the period. Institutional investors and hedge funds own 91.00% of the company’s stock.

Insiders Place Their Bets

In other Carrier Global news, VP Kevin J. O’connor sold 26,551 shares of the company’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 value of $1,427,647.27. Following the completion of the transaction, the vice president now directly owns 66,083 shares in the company, valued at $3,553,282.91. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, VP Kevin J. O’connor sold 26,551 shares of the company’s stock in a transaction 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 completion of the transaction, the vice president now owns 66,083 shares in the company, valued at $3,553,282.91. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 transaction, the chief executive officer now owns 422,808 shares of the company’s stock, valued at approximately $22,899,281.28. The disclosure for this sale can be found here. Company insiders own 6.95% of the company’s stock.

Carrier Global Stock Performance

CARR stock traded up $0.22 during midday trading on Friday, reaching $60.03. 1,390,400 shares of the company’s stock traded hands, compared to its average volume of 4,750,422. Carrier Global Co. has a 52-week low of $40.28 and a 52-week high of $60.87. The stock has a market cap of $54.03 billion, a P/E ratio of 37.99, a PEG ratio of 2.31 and a beta of 1.39. The company has a current ratio of 2.73, a quick ratio of 2.40 and a debt-to-equity ratio of 1.58. The stock’s 50-day moving average is $56.41 and its 200 day moving average is $54.79.

Carrier Global (NYSE:CARR) last announced its earnings results on Thursday, April 25th. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.12. Carrier Global had a net margin of 6.10% and a return on equity of 27.19%. The business had revenue of $6.18 billion during the quarter, compared to analysts’ expectations of $6.27 billion. As a group, analysts anticipate that Carrier Global Co. will post 2.82 EPS for the current year.

Carrier Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Friday, May 3rd will be given a $0.19 dividend. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.27%. Carrier Global’s payout ratio is currently 48.10%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CARR shares. Barclays lifted their target price on shares of Carrier Global from $71.00 to $78.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Citigroup boosted their price objective on shares of Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Oppenheimer reissued an “outperform” rating and set a $63.00 price objective on shares of Carrier Global in a research note on Thursday, April 18th. Royal Bank of Canada dropped their price objective on shares of Carrier Global from $63.00 to $60.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 7th. Finally, Wells Fargo & Company dropped their target price on shares of Carrier Global from $63.00 to $57.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 7th. Three 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $61.15.

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.