Oppenheimer & Co. Inc. Purchases 2,966 Shares of Carrier Global Co. (NYSE:CARR)

Oppenheimer & Co. Inc. increased its position in shares of Carrier Global Co. (NYSE:CARR) by 4.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 68,776 shares of the company’s stock after purchasing an additional 2,966 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Carrier Global were worth $4,695,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CARR. FSA Wealth Management LLC bought a new stake in Carrier Global during the third quarter worth about $28,000. Bradley & Co. Private Wealth Management LLC bought a new stake in Carrier Global during the fourth quarter worth about $31,000. Coastline Trust Co bought a new stake in Carrier Global during the third quarter worth about $37,000. Capital Performance Advisors LLP bought a new stake in Carrier Global during the third quarter worth about $44,000. Finally, Roxbury Financial LLC bought a new stake in Carrier Global during the fourth quarter worth about $49,000. Institutional investors own 91.00% of the company’s stock.

Analyst Ratings Changes

CARR has been the subject of several recent analyst reports. Citigroup cut their price objective on shares of Carrier Global from $94.00 to $90.00 and set a “buy” rating for the company in a research report on Monday, January 13th. JPMorgan Chase & Co. dropped their target price on shares of Carrier Global from $83.00 to $77.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. UBS Group raised shares of Carrier Global from a “neutral” rating to a “buy” rating and set a $94.00 target price for the company in a report on Wednesday, November 13th. The Goldman Sachs Group initiated coverage on shares of Carrier Global in a report on Thursday, December 12th. They issued a “buy” rating and a $96.00 target price for the company. Finally, Northcoast Research initiated coverage on shares of Carrier Global in a report on Friday, November 22nd. They issued a “neutral” rating for the company. Six equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Carrier Global presently has an average rating of “Moderate Buy” and a consensus price target of $82.47.

Carrier Global Stock Performance

Carrier Global stock opened at $64.81 on Friday. The business has a 50 day moving average of $67.15 and a 200-day moving average of $72.33. Carrier Global Co. has a 1 year low of $53.33 and a 1 year high of $83.32. 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 company has a market capitalization of $56.00 billion, a P/E ratio of 10.32, a P/E/G ratio of 2.01 and a beta of 1.35.

Carrier Global (NYSE:CARR) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate 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 in the prior year, the company earned $0.53 earnings per share. On average, equities research analysts predict 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. Shareholders of record on Friday, December 20th were given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date was Friday, December 20th. This is an increase from Carrier Global’s previous quarterly dividend of $0.19. Carrier Global’s dividend payout ratio is currently 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.