SVB Wealth LLC Purchases New Shares in Carrier Global Co. (NYSE:CARR)

SVB Wealth LLC purchased a new position in Carrier Global Co. (NYSE:CARR) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 13,062 shares of the company’s stock, valued at approximately $892,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of CARR. FSA Wealth Management LLC purchased a new stake in shares of Carrier Global in the third quarter valued at $28,000. Coastline Trust Co acquired a new position in Carrier Global during the third quarter valued at $37,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in Carrier Global in the 4th quarter worth about $31,000. Capital Performance Advisors LLP acquired a new stake in Carrier Global during the 3rd quarter worth about $44,000. Finally, Ashton Thomas Securities LLC purchased a new position in Carrier Global during the 3rd quarter valued at about $50,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CARR. Barclays reduced their price target on shares of Carrier Global from $90.00 to $87.00 and set an “overweight” rating for the company in a research report on Wednesday, February 12th. The Goldman Sachs Group began coverage on shares of Carrier Global in a research report on Thursday, December 12th. They issued a “buy” rating and a $96.00 target price for the company. JPMorgan Chase & Co. lowered their price target on shares of Carrier Global from $83.00 to $77.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Wolfe Research raised shares of Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research note on Monday, February 24th. Finally, UBS Group raised 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. Six research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $82.47.

Carrier Global Stock Down 2.6 %

CARR opened at $63.11 on Tuesday. The business has a 50 day moving average price of $67.04 and a 200 day moving average price of $72.39. Carrier Global Co. has a twelve month low of $53.33 and a twelve month high of $83.32. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25. The firm has a market cap of $54.53 billion, a P/E ratio of 10.05, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35.

Carrier Global (NYSE:CARR) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 earnings per share 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 period in the previous year, the business earned $0.53 earnings per share. Research analysts forecast that Carrier Global Co. will post 2.99 EPS for the current year.

Carrier Global Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, December 20th were issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 1.43%. 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. Carrier Global’s dividend payout ratio is 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.