Bahl & Gaynor Inc. Buys 744 Shares of Carrier Global Co. (NYSE:CARR)

Bahl & Gaynor Inc. increased its stake in Carrier Global Co. (NYSE:CARR) by 0.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 100,696 shares of the company’s stock after purchasing an additional 744 shares during the period. Bahl & Gaynor Inc.’s holdings in Carrier Global were worth $6,874,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its position in shares of Carrier Global by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,837,382 shares of the company’s stock worth $330,200,000 after purchasing an additional 92,975 shares during the period. Steward Partners Investment Advisory LLC increased its position in shares of Carrier Global by 0.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 111,270 shares of the company’s stock worth $7,595,000 after purchasing an additional 557 shares during the period. Fidelis Capital Partners LLC increased its position in shares of Carrier Global by 3.0% in the fourth quarter. Fidelis Capital Partners LLC now owns 8,719 shares of the company’s stock worth $551,000 after purchasing an additional 252 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Carrier Global in the fourth quarter worth $98,000. Finally, Jones Financial Companies Lllp boosted its stake in Carrier Global by 80.2% in the fourth quarter. Jones Financial Companies Lllp now owns 101,912 shares of the company’s stock valued at $6,957,000 after buying an additional 45,350 shares in the last quarter. Institutional investors own 91.00% of the company’s stock.

Wall Street Analysts Forecast Growth

CARR has been the topic of several research analyst reports. JPMorgan Chase & Co. reduced their price objective on Carrier Global from $83.00 to $77.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Citigroup cut their price target on Carrier Global from $94.00 to $90.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Mizuho raised Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price target on the stock in a research note on Friday, February 14th. Wells Fargo & Company cut their price objective on Carrier Global from $75.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 12th. Finally, Royal Bank of Canada cut their price objective on Carrier Global from $86.00 to $76.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Six investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $82.47.

Carrier Global Trading Down 1.9 %

NYSE CARR opened at $62.04 on Wednesday. The company has a market cap of $53.60 billion, a price-to-earnings ratio of 9.88, a P/E/G ratio of 2.01 and a beta of 1.35. Carrier Global Co. has a 52 week low of $53.33 and a 52 week high of $83.32. The business has a 50 day moving average price of $66.89 and a 200-day moving average price of $72.35. The company has a quick ratio of 0.96, a current ratio of 1.25 and a debt-to-equity ratio of 0.77.

Carrier Global (NYSE:CARR) last announced its earnings results 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 quarter in the previous year, the business earned $0.53 EPS. As a group, equities analysts expect that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Carrier Global Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, December 20th were given a dividend of $0.225 per share. This is a boost from Carrier Global’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.90 annualized dividend and a dividend yield of 1.45%. Carrier Global’s payout ratio is presently 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.