Advisor OS LLC Buys 2,825 Shares of Carrier Global Co. (NYSE:CARR)

Advisor OS LLC increased its stake in Carrier Global Co. (NYSE:CARR) by 25.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,813 shares of the company’s stock after purchasing an additional 2,825 shares during the quarter. Advisor OS LLC’s holdings in Carrier Global were worth $943,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. FSA Wealth Management LLC bought a new stake in shares of Carrier Global in the third quarter valued at $28,000. Bradley & Co. Private Wealth Management LLC bought a new stake in Carrier Global in the 4th quarter valued at about $31,000. Coastline Trust Co purchased a new stake in Carrier Global during the third quarter valued at about $37,000. Capital Performance Advisors LLP bought a new position in Carrier Global during the third quarter worth about $44,000. Finally, Roxbury Financial LLC purchased a new position in shares of Carrier Global in the fourth quarter worth about $49,000. Institutional investors own 91.00% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Mizuho upgraded shares of 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. 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. UBS Group upgraded Carrier Global from a “neutral” rating to a “buy” rating and set a $94.00 price target for the company in a research report on Wednesday, November 13th. The Goldman Sachs Group began coverage on Carrier Global in a report on Thursday, December 12th. They set a “buy” rating and a $96.00 price objective on the stock. Finally, Wells Fargo & Company cut their target price on Carrier Global from $75.00 to $70.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 12th. Six equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $82.47.

Carrier Global Trading Up 0.7 %

Shares of Carrier Global stock opened at $67.03 on Wednesday. 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 Co. has a 1 year low of $53.33 and a 1 year high of $83.32. The firm has a market cap of $58.21 billion, a PE ratio of 10.67, a PEG ratio of 2.01 and a beta of 1.35. The company has a 50 day simple moving average of $67.30 and a two-hundred day simple moving average of $72.43.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data 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 net margin of 23.83% and a return on equity of 18.82%. During the same quarter in the prior year, the company posted $0.53 earnings per share. Analysts expect that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Carrier Global Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, December 20th were issued a $0.225 dividend. This is a boost from Carrier Global’s previous quarterly dividend of $0.19. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend was Friday, December 20th. Carrier Global’s dividend payout ratio is presently 14.33%.

Carrier Global 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.