Mawer Investment Management Ltd. Has $86.76 Million Stock Position in Carrier Global Co. (NYSE:CARR)

Mawer Investment Management Ltd. boosted its stake in Carrier Global Co. (NYSE:CARR) by 1.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,300,031 shares of the company’s stock after acquiring an additional 24,829 shares during the quarter. Mawer Investment Management Ltd. owned 0.27% of Carrier Global worth $86,757,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Princeton Global Asset Management LLC boosted its stake in Carrier Global by 1,666.7% in the 4th quarter. Princeton Global Asset Management LLC now owns 1,060 shares of the company’s stock worth $40,000 after purchasing an additional 1,000 shares during the period. Premier Fund Managers Ltd bought a new position in shares of Carrier Global during the fourth quarter worth approximately $6,341,000. Blair William & Co. IL increased its stake in Carrier Global by 22.4% in the fourth quarter. Blair William & Co. IL now owns 69,850 shares of the company’s stock valued at $2,635,000 after acquiring an additional 12,780 shares during the last quarter. Profund Advisors LLC increased its stake in Carrier Global by 2.9% in the fourth quarter. Profund Advisors LLC now owns 11,391 shares of the company’s stock valued at $430,000 after acquiring an additional 323 shares during the last quarter. Finally, Greenleaf Trust bought a new position in Carrier Global in the fourth quarter valued at approximately $248,000. 83.02% of the stock is owned by hedge funds and other institutional investors.

NYSE CARR traded down $0.18 during mid-day trading on Tuesday, reaching $37.12. 52,430 shares of the stock were exchanged, compared to its average volume of 5,595,930. Carrier Global Co. has a one year low of $11.50 and a one year high of $41.94. The stock has a 50 day simple moving average of $38.95 and a 200-day simple moving average of $35.19. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.80 and a quick ratio of 1.50.

Carrier Global (NYSE:CARR) last announced its earnings results on Monday, February 8th. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.05). Carrier Global had a return on equity of 24.00% and a net margin of 8.86%. The firm had revenue of $4.59 billion for the quarter, compared to the consensus estimate of $4.50 billion. Carrier Global’s revenue was up 2.1% compared to the same quarter last year. On average, sell-side analysts forecast that Carrier Global Co. will post 1.68 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 10th. Shareholders of record on Wednesday, December 23rd were paid a $0.12 dividend. This is an increase from Carrier Global’s previous quarterly dividend of $0.08. This represents a $0.48 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend was Tuesday, December 22nd.

A number of research analysts recently issued reports on CARR shares. Credit Suisse Group lifted their price objective on shares of Carrier Global from $31.00 to $36.00 and gave the company a “neutral” rating in a research note on Friday, October 30th. KeyCorp raised their target price on shares of Carrier Global from $42.00 to $47.00 and gave the company an “overweight” rating in a research report on Wednesday, November 18th. Zacks Investment Research lowered shares of Carrier Global from a “buy” rating to a “hold” rating in a research report on Wednesday, February 10th. Vertical Research upgraded shares of Carrier Global from a “hold” rating to a “buy” rating in a research report on Monday, January 4th. Finally, Jefferies Financial Group raised their target price on shares of Carrier Global from $43.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, January 15th. Nine analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $33.67.

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 and cooling needs of residential and commercial customers.

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Institutional Ownership by Quarter for Carrier Global (NYSE:CARR)

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