Carrier Global Co. (NYSE:CARR) Shares Bought by Empower Advisory Group LLC

Empower Advisory Group LLC boosted its position in shares of Carrier Global Co. (NYSE:CARR) by 6.4% in the 4th quarter, HoldingsChannel reports. The fund owned 2,962 shares of the company’s stock after acquiring an additional 177 shares during the period. Empower Advisory Group LLC’s holdings in Carrier Global were worth $202,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FSA Wealth Management LLC acquired a new position in Carrier Global during the 3rd quarter worth approximately $28,000. Coastline Trust Co acquired a new position in Carrier Global during the 3rd quarter worth approximately $37,000. Capital Performance Advisors LLP acquired a new position in Carrier Global during the 3rd quarter worth approximately $44,000. Ashton Thomas Securities LLC acquired a new position in Carrier Global during the 3rd quarter worth approximately $50,000. Finally, GHP Investment Advisors Inc. grew its holdings in Carrier Global by 67.2% during the 3rd 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 Up 1.5 %

Shares of Carrier Global stock opened at $67.00 on Friday. The company has a market cap of $58.18 billion, a P/E ratio of 10.67, a PEG ratio of 1.94 and a beta of 1.35. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25. Carrier Global Co. has a one year low of $53.33 and a one year high of $83.32. The firm has a fifty day moving average of $67.60 and a two-hundred day moving average of $72.26.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 EPS 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 quarter in the prior year, the company posted $0.53 earnings per share. On average, analysts forecast that Carrier Global Co. will post 2.98 earnings per share for the current year.

Carrier Global declared that its board has authorized a share buyback program on Thursday, October 24th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 4.6% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Carrier Global Increases Dividend

The company also recently disclosed 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. The ex-dividend date was Friday, December 20th. This represents a $0.90 dividend on an annualized basis and a yield of 1.34%. This is an increase from Carrier Global’s previous quarterly dividend of $0.19. Carrier Global’s dividend payout ratio is presently 14.33%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on CARR shares. 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. 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. Stephens lowered their target price on shares of Carrier Global from $85.00 to $80.00 and set an “equal weight” rating for the company in a report on Monday, October 28th. Citigroup lowered their target price on shares of Carrier Global from $94.00 to $90.00 and set a “buy” rating for the company in a report on Monday, January 13th. Finally, Wells Fargo & Company lowered their target price on shares of Carrier Global from $75.00 to $70.00 and set an “equal weight” rating for the company in a report on Wednesday, February 12th. Seven investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Carrier Global has a consensus rating of “Moderate Buy” and a consensus target price of $82.64.

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.