Levin Capital Strategies L.P. Makes New $252,000 Investment in Carrier Global Co. (NYSE:CARR)

Levin Capital Strategies L.P. purchased a new position in shares of Carrier Global Co. (NYSE:CARR) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 5,972 shares of the company’s stock, valued at approximately $252,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CARR. Simon Quick Advisors LLC boosted its holdings in shares of Carrier Global by 673.8% in the 4th quarter. Simon Quick Advisors LLC now owns 650 shares of the company’s stock valued at $25,000 after buying an additional 566 shares in the last quarter. Birchcreek Wealth Management LLC acquired a new position in shares of Carrier Global in the 4th quarter valued at $26,000. Tacita Capital Inc acquired a new position in shares of Carrier Global in the 4th quarter valued at $27,000. Ironwood Wealth Management LLC. acquired a new position in shares of Carrier Global in the 4th quarter valued at $29,000. Finally, Addison Advisors LLC acquired a new position in shares of Carrier Global in the 4th quarter valued at $30,000. Institutional investors own 83.02% of the company’s stock.

CARR has been the subject of several research reports. Barclays upped their price target on shares of Carrier Global from $45.00 to $46.00 and gave the company an “overweight” rating in a research report on Tuesday, April 6th. Bank of America initiated coverage on shares of Carrier Global in a research report on Monday, April 26th. They issued a “buy” rating and a $57.00 price target for the company. UBS Group upped their price target on shares of Carrier Global from $44.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, April 22nd. Morgan Stanley upped their price target on shares of Carrier Global from $53.00 to $57.00 and gave the company an “overweight” rating in a research report on Thursday, May 6th. Finally, Cowen upgraded shares of Carrier Global from a “market perform” rating to an “outperform” rating and upped their price target for the company from $40.00 to $43.00 in a research report on Tuesday, March 16th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $45.20.

Shares of CARR opened at $43.64 on Monday. The company has a 50-day simple moving average of $43.20 and a 200-day simple moving average of $39.47. The company has a current ratio of 1.80, a quick ratio of 1.50 and a debt-to-equity ratio of 2.16. Carrier Global Co. has a 52-week low of $16.00 and a 52-week high of $45.65.

Carrier Global (NYSE:CARR) last announced its quarterly earnings results on Thursday, April 29th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.11. The business had revenue of $4.70 billion during the quarter, compared to the consensus estimate of $4.37 billion. Carrier Global had a net margin of 8.86% and a return on equity of 24.00%. The business’s revenue was up 20.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.35 EPS. As a group, research analysts anticipate that Carrier Global Co. will post 1.68 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 24th. Investors of record on Monday, May 3rd will be paid a $0.12 dividend. The ex-dividend date is Friday, April 30th. This represents a $0.48 dividend on an annualized basis and a yield of 1.10%.

About Carrier Global

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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