Canton Hathaway LLC Increases Position in Carrier Global Co. (NYSE:CARR)

Canton Hathaway LLC grew its holdings in Carrier Global Co. (NYSE:CARR) by 11.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,000 shares of the company’s stock after acquiring an additional 500 shares during the period. Canton Hathaway LLC’s holdings in Carrier Global were worth $341,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. FSA Wealth Management LLC acquired a new position in shares of Carrier Global in the third quarter worth $28,000. Coastline Trust Co acquired a new position in shares of Carrier Global in the third quarter worth $37,000. Capital Performance Advisors LLP acquired a new position in shares of Carrier Global in the third quarter worth $44,000. Ashton Thomas Securities LLC acquired a new position in shares of Carrier Global in the third quarter worth $50,000. Finally, GHP Investment Advisors Inc. grew its stake in shares of Carrier Global by 67.2% in the third quarter. GHP Investment Advisors Inc. now owns 687 shares of the company’s stock worth $55,000 after acquiring an additional 276 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Stock Performance

NYSE CARR opened at $66.46 on Tuesday. The company has a fifty day moving average of $67.36 and a two-hundred day moving average of $72.41. Carrier Global Co. has a 1 year low of $53.33 and a 1 year high of $83.32. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96. The company has a market capitalization of $57.71 billion, a PE ratio of 10.58, a P/E/G ratio of 2.01 and a beta of 1.35.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 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 prior year, the firm posted $0.53 earnings per share. As a group, analysts expect that Carrier Global Co. will post 2.99 earnings per share for the current year.

Carrier Global Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, December 20th were paid a dividend of $0.225 per share. The ex-dividend date was Friday, December 20th. This is an increase from Carrier Global’s previous quarterly dividend of $0.19. This represents a $0.90 annualized dividend and a yield of 1.35%. Carrier Global’s dividend payout ratio is currently 14.33%.

Analyst Upgrades and Downgrades

CARR has been the subject of several research reports. Northcoast Research initiated coverage on shares of Carrier Global in a research note on Friday, November 22nd. They issued a “neutral” rating for the company. JPMorgan Chase & Co. lowered their target price on shares of Carrier Global from $83.00 to $77.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Wolfe Research upgraded shares of Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 target price for the company in a research note on Monday. Royal Bank of Canada lowered their target price on shares of Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. Finally, The Goldman Sachs Group began coverage on shares of Carrier Global in a research note on Thursday, December 12th. They set a “buy” rating and a $96.00 target price for the company. Six 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 stock. According to MarketBeat, Carrier Global currently has a consensus rating of “Moderate Buy” and a consensus target price 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.