Steward Partners Investment Advisory LLC Boosts Stake in Carrier Global Co. (NYSE:CARR)

Steward Partners Investment Advisory LLC lifted its holdings in shares of Carrier Global Co. (NYSE:CARR) by 0.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 111,270 shares of the company’s stock after acquiring an additional 557 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Carrier Global were worth $7,595,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of CARR. FSA Wealth Management LLC bought a new stake in shares of Carrier Global in the 3rd quarter worth about $28,000. Coastline Trust Co bought a new stake in Carrier Global in the third quarter valued at about $37,000. Bradley & Co. Private Wealth Management LLC bought a new stake in Carrier Global in the fourth quarter valued at about $31,000. Capital Performance Advisors LLP acquired a new stake in Carrier Global during the third quarter valued at approximately $44,000. Finally, Ashton Thomas Securities LLC bought a new position in Carrier Global during the 3rd quarter worth approximately $50,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Wall Street Analyst Weigh In

CARR has been the subject of a number of research reports. JPMorgan Chase & Co. raised shares of Carrier Global from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $77.00 to $78.00 in a report on Wednesday. The Goldman Sachs Group assumed coverage on shares of Carrier Global in a research report on Thursday, December 12th. They set a “buy” rating and a $96.00 price objective for the company. Citigroup cut their target price on shares of Carrier Global from $94.00 to $90.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Royal Bank of Canada lowered their target price on Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Finally, Mizuho raised Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price target on the stock in a report on Friday, February 14th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $82.53.

Carrier Global Trading Up 4.5 %

Carrier Global stock opened at $64.86 on Thursday. Carrier Global Co. has a 12-month low of $53.33 and a 12-month high of $83.32. The stock has a market capitalization of $56.03 billion, a PE ratio of 10.33, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35. The firm has a 50 day simple moving average of $66.80 and a 200-day simple moving average of $72.30. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96.

Carrier Global (NYSE:CARR) last issued its quarterly 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 firm posted $0.53 EPS. As a group, equities research analysts expect that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Carrier Global Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, December 20th were issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 1.39%. This is an increase from Carrier Global’s previous quarterly dividend of $0.19. The ex-dividend date was Friday, December 20th. Carrier Global’s dividend payout ratio is presently 14.33%.

Carrier Global Company Profile

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.