7,386 Shares in Carrier Global Co. (NYSE:CARR) Acquired by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA acquired a new position in Carrier Global Co. (NYSE:CARR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,386 shares of the company’s stock, valued at approximately $482,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. FSA Wealth Management LLC bought a new position in Carrier Global in the third quarter worth approximately $28,000. Coastline Trust Co bought a new stake in Carrier Global during the 3rd quarter valued at $37,000. Capital Performance Advisors LLP bought a new stake in Carrier Global during the 3rd quarter valued at $44,000. Roxbury Financial LLC bought a new stake in Carrier Global during the 4th quarter valued at $49,000. Finally, Centricity Wealth Management LLC bought a new stake in Carrier Global during the 4th quarter valued at $49,000. Institutional investors own 91.00% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. JPMorgan Chase & Co. dropped their target price on Carrier Global from $83.00 to $77.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Wells Fargo & Company dropped their target price on 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. Royal Bank of Canada dropped their target price on Carrier Global from $86.00 to $76.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Stephens dropped their target price on Carrier Global from $85.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Monday, October 28th. Finally, Mizuho raised Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price objective for the company in a research report on Friday, February 14th. Six investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Carrier Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.47.

Carrier Global Stock Performance

Shares of CARR stock opened at $66.46 on Tuesday. The firm has a market capitalization of $57.71 billion, a price-to-earnings ratio of 10.58, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96. The business has a fifty day moving average of $67.36 and a 200 day moving average of $72.41. Carrier Global Co. has a 1 year low of $53.33 and a 1 year high of $83.32.

Carrier Global (NYSE:CARR) last issued its earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.03. Carrier Global had a return on equity of 18.82% and a net margin of 23.83%. During the same period last year, the business posted $0.53 earnings per share. As a group, research analysts expect that Carrier Global Co. will post 2.99 earnings per share for the current year.

Carrier Global Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, December 20th were paid a $0.225 dividend. This is a positive change from Carrier Global’s previous quarterly dividend of $0.19. The ex-dividend date was Friday, December 20th. This represents a $0.90 dividend on an annualized basis and a yield of 1.35%. Carrier Global’s dividend payout ratio (DPR) is 14.33%.

About Carrier Global

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.