Kohmann Bosshard Financial Services LLC Acquires New Position in Carrier Global Co. (NYSE:CARR)

Kohmann Bosshard Financial Services LLC purchased a new position in shares of Carrier Global Co. (NYSE:CARR) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 825 shares of the company’s stock, valued at approximately $56,000.

Several other institutional investors and hedge funds have also bought and sold shares of CARR. FMR LLC raised its stake in Carrier Global by 36.2% during the third quarter. FMR LLC now owns 8,729,073 shares of the company’s stock valued at $702,603,000 after buying an additional 2,320,909 shares during the last quarter. Zurich Insurance Group Ltd FI bought a new stake in Carrier Global during the third quarter valued at about $130,479,000. Mizuho Securities USA LLC grew its holdings in Carrier Global by 1,428.4% during the third quarter. Mizuho Securities USA LLC now owns 987,500 shares of the company’s stock valued at $79,484,000 after purchasing an additional 922,892 shares during the period. Proficio Capital Partners LLC grew its holdings in Carrier Global by 10,995.5% during the fourth quarter. Proficio Capital Partners LLC now owns 491,308 shares of the company’s stock valued at $33,537,000 after purchasing an additional 486,880 shares during the period. Finally, State Street Corp boosted its stake in shares of Carrier Global by 1.4% in the third quarter. State Street Corp now owns 33,665,505 shares of the company’s stock worth $2,709,736,000 after acquiring an additional 469,108 shares during the period. 91.00% of the stock is currently owned by institutional investors.

Carrier Global Stock Down 2.6 %

Shares of NYSE CARR opened at $63.11 on Tuesday. 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 capitalization of $54.53 billion, a PE ratio of 10.05, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35. The stock’s fifty day simple moving average is $67.04 and its two-hundred day simple moving average is $72.39. Carrier Global Co. has a 12-month low of $53.33 and a 12-month high of $83.32.

Carrier Global (NYSE:CARR) last announced its 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, analysts expect that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Carrier Global Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, December 20th were given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 1.43%. The ex-dividend date was Friday, December 20th. This is a boost from Carrier Global’s previous quarterly dividend of $0.19. Carrier Global’s dividend payout ratio (DPR) is 14.33%.

Wall Street Analyst Weigh In

CARR has been the topic of a number of research analyst reports. JPMorgan Chase & Co. decreased 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. Wolfe Research upgraded Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research report on Monday, February 24th. Northcoast Research initiated coverage on Carrier Global in a research report on Friday, November 22nd. They set a “neutral” rating on the stock. Citigroup decreased their price objective on Carrier Global from $94.00 to $90.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Finally, Wells Fargo & Company decreased their price objective on Carrier Global from $75.00 to $70.00 and set an “equal weight” rating on the stock in a research report 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 given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $82.47.

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.