Tufton Capital Management Has $6.63 Million Stake in Carrier Global Co. (NYSE:CARR)

Tufton Capital Management decreased its stake in Carrier Global Co. (NYSE:CARR) by 0.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,191 shares of the company’s stock after selling 334 shares during the quarter. Tufton Capital Management’s holdings in Carrier Global were worth $6,634,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of CARR. MONECO Advisors LLC boosted its stake in Carrier Global by 10.1% in the 3rd quarter. MONECO Advisors LLC now owns 4,082 shares of the company’s stock valued at $329,000 after buying an additional 375 shares in the last quarter. Fidelis Capital Partners LLC boosted its stake in Carrier Global by 2.4% in the 3rd quarter. Fidelis Capital Partners LLC now owns 8,467 shares of the company’s stock valued at $677,000 after buying an additional 202 shares in the last quarter. Nicholas Hoffman & Company LLC. acquired a new stake in Carrier Global in the 3rd quarter valued at $213,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in Carrier Global by 18.8% in the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 8,339 shares of the company’s stock valued at $671,000 after buying an additional 1,320 shares in the last quarter. Finally, First Trust Direct Indexing L.P. boosted its stake in Carrier Global by 7.4% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 27,376 shares of the company’s stock valued at $2,204,000 after buying an additional 1,893 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Price Performance

Shares of CARR opened at $64.04 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77. The stock has a market cap of $55.61 billion, a P/E ratio of 10.20, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35. The stock’s 50-day moving average price is $67.23 and its two-hundred day moving average price is $72.33. 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 quarterly earnings data on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) for the quarter, beating 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 previous year, the company earned $0.53 earnings per share. On average, equities analysts predict that Carrier Global Co. will post 2.99 earnings per share for the current year.

Carrier Global Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, December 20th were paid a $0.225 dividend. The ex-dividend date was Friday, December 20th. This represents a $0.90 dividend on an annualized basis and a yield of 1.41%. This is a positive change from Carrier Global’s previous quarterly dividend of $0.19. Carrier Global’s payout ratio is presently 14.33%.

Wall Street Analysts Forecast Growth

CARR has been the subject of several research analyst reports. Royal Bank of Canada cut their price objective on Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Citigroup cut their price objective on Carrier Global from $94.00 to $90.00 and set a “buy” rating for the company in a research report on Monday, January 13th. UBS Group upgraded Carrier Global from a “neutral” rating to a “buy” rating and set a $94.00 price objective for the company in a research report on Wednesday, November 13th. Wolfe Research upgraded Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research report on Monday. Finally, Wells Fargo & Company cut their price objective on Carrier Global from $75.00 to $70.00 and set an “equal weight” rating for the company in a research report 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.47.

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.