Carrier Global Co. (NYSE:CARR) Shares Acquired by TCW Group Inc.

TCW Group Inc. grew its stake in Carrier Global Co. (NYSE:CARR) by 2.6% in the fourth quarter, Holdings Channel reports. The fund owned 11,780 shares of the company’s stock after purchasing an additional 299 shares during the period. TCW Group Inc.’s holdings in Carrier Global were worth $804,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. FSA Wealth Management LLC acquired a new stake in shares of Carrier Global during the 3rd quarter worth about $28,000. Coastline Trust Co acquired a new stake in shares of Carrier Global during the 3rd quarter worth about $37,000. Capital Performance Advisors LLP acquired a new stake in shares of Carrier Global during the 3rd quarter worth about $44,000. Ashton Thomas Securities LLC acquired a new stake in shares of Carrier Global during the 3rd quarter worth about $50,000. Finally, GHP Investment Advisors Inc. increased its position in shares of 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 purchasing an additional 276 shares during the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global Stock Performance

Shares of Carrier Global stock opened at $66.46 on Tuesday. Carrier Global Co. has a one year low of $53.33 and a one year high of $83.32. The company has a market cap of $57.71 billion, a PE ratio of 10.58, a P/E/G ratio of 2.01 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. The business has a 50-day simple moving average of $67.36 and a 200-day simple moving average of $72.41.

Carrier Global (NYSE:CARR) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 period in the prior year, the business earned $0.53 earnings per share. On average, equities research analysts forecast that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

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 issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 1.35%. This is an increase from Carrier Global’s previous quarterly dividend of $0.19. The ex-dividend date was Friday, December 20th. Carrier Global’s dividend payout ratio is 14.33%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Stephens cut their price objective on 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. The Goldman Sachs Group started coverage on Carrier Global in a research report on Thursday, December 12th. They set a “buy” rating and a $96.00 price objective for the company. Royal Bank of Canada lowered their target price on Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Barclays dropped their target price on Carrier Global from $90.00 to $87.00 and set an “overweight” rating for the company in a research report on Wednesday, February 12th. Finally, Northcoast Research initiated coverage on Carrier Global in a research report on Friday, November 22nd. They issued a “neutral” rating for the company. Six investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Carrier Global currently has an average rating of “Moderate Buy” and a consensus 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.