Wealthspire Advisors LLC Purchases 161 Shares of Carrier Global Co. (NYSE:CARR)

Wealthspire Advisors LLC grew its stake in shares of Carrier Global Co. (NYSE:CARR) by 3.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 4,473 shares of the company’s stock after purchasing an additional 161 shares during the quarter. Wealthspire Advisors LLC’s holdings in Carrier Global were worth $305,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. TCW Group Inc. grew its stake in shares of Carrier Global by 2.6% during the fourth quarter. TCW Group Inc. now owns 11,780 shares of the company’s stock valued at $804,000 after buying an additional 299 shares during the last quarter. Sigma Planning Corp grew its stake in shares of Carrier Global by 1.5% during the fourth quarter. Sigma Planning Corp now owns 12,923 shares of the company’s stock valued at $882,000 after buying an additional 194 shares during the last quarter. Cassaday & Co Wealth Management LLC grew its stake in shares of Carrier Global by 4.5% during the fourth quarter. Cassaday & Co Wealth Management LLC now owns 4,341 shares of the company’s stock valued at $296,000 after buying an additional 188 shares during the last quarter. Compass Capital Corp MA ADV bought a new position in shares of Carrier Global during the fourth quarter valued at about $716,000. Finally, Centricity Wealth Management LLC bought a new position in shares of Carrier Global during the fourth quarter valued at about $49,000. 91.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Wells Fargo & Company reduced their price objective on Carrier Global from $75.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 12th. 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 report on Monday. Barclays dropped their target price on shares of Carrier Global from $90.00 to $87.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. Mizuho upgraded shares of Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 target price for the company in a report on Friday, February 14th. Finally, UBS Group upgraded shares of Carrier Global from a “neutral” rating to a “buy” rating and set a $94.00 target price for the company in a report on Wednesday, November 13th. 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. Based on data from MarketBeat.com, Carrier Global has an average rating of “Moderate Buy” and a consensus price target of $82.47.

Carrier Global Stock Performance

Shares of CARR opened at $64.04 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96. Carrier Global Co. has a one year low of $53.33 and a one year high of $83.32. The company has a 50-day simple moving average of $67.23 and a two-hundred day simple moving average of $72.33. The firm has a market capitalization of $55.61 billion, a PE ratio of 10.20, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35.

Carrier Global (NYSE:CARR) last released 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 net margin of 23.83% and a return on equity of 18.82%. During the same quarter last year, the business earned $0.53 earnings per share. On average, analysts anticipate that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Carrier Global Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, December 20th were issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 1.41%. This is a positive change from Carrier Global’s previous quarterly dividend of $0.19. The ex-dividend date was Friday, December 20th. Carrier Global’s dividend payout ratio (DPR) is presently 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.