Quotient Wealth Partners LLC Buys 253 Shares of Carrier Global Co. (NYSE:CARR)

Quotient Wealth Partners LLC lifted its stake in Carrier Global Co. (NYSE:CARR) by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,702 shares of the company’s stock after purchasing an additional 253 shares during the quarter. Quotient Wealth Partners LLC’s holdings in Carrier Global were worth $1,004,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. FSA Wealth Management LLC bought a new stake in shares of Carrier Global in the 3rd quarter worth $28,000. McClarren Financial Advisors Inc. boosted its stake in shares of Carrier Global by 246.0% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 436 shares of the company’s stock worth $35,000 after buying an additional 310 shares during the last quarter. Coastline Trust Co bought a new stake in shares of Carrier Global in the third quarter worth $37,000. Capital Performance Advisors LLP purchased a new stake in Carrier Global during the third quarter valued at $44,000. Finally, Ashton Thomas Securities LLC bought a new position in Carrier Global in the third quarter valued at about $50,000. Institutional investors own 91.00% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Stephens reduced their price target on shares of Carrier Global from $85.00 to $80.00 and set an “equal weight” rating for the company in a research report on Monday, October 28th. Wells Fargo & Company reduced their target price on shares of Carrier Global from $80.00 to $75.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Citigroup dropped their price target on shares of Carrier Global from $94.00 to $90.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Bank of America increased their target price on shares of Carrier Global from $80.00 to $90.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Finally, The Goldman Sachs Group began 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 on the stock. Eight investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Carrier Global currently has a consensus rating of “Moderate Buy” and an average target price of $83.93.

Carrier Global Price Performance

Shares of Carrier Global stock opened at $64.17 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.82 and a debt-to-equity ratio of 0.69. Carrier Global Co. has a 12 month low of $53.13 and a 12 month high of $83.32. The stock has a 50 day moving average of $69.19 and a 200 day moving average of $72.33. The firm has a market cap of $57.58 billion, a PE ratio of 16.25, a PEG ratio of 2.11 and a beta of 1.35.

Carrier Global Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, December 20th were given a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend was Friday, December 20th. This is a boost from Carrier Global’s previous quarterly dividend of $0.19. Carrier Global’s payout ratio is currently 22.78%.

Carrier Global declared that its Board of Directors has approved a share buyback program on Thursday, October 24th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the company to reacquire up to 4.6% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

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.