Compass Capital Corp MA ADV Makes New Investment in Carrier Global Co. (NYSE:CARR)

Compass Capital Corp MA ADV purchased a new position in Carrier Global Co. (NYSE:CARR) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 10,126 shares of the company’s stock, valued at approximately $716,000.

Several other institutional investors and hedge funds have also bought and sold shares of CARR. FSA Wealth Management LLC purchased a new position in Carrier Global in the third quarter worth $28,000. Coastline Trust Co purchased a new position in Carrier Global in the third quarter worth $37,000. Capital Performance Advisors LLP purchased a new position in Carrier Global in the third quarter worth $44,000. Roxbury Financial LLC purchased a new position in Carrier Global in the fourth quarter worth $49,000. Finally, Centricity Wealth Management LLC purchased a new position in Carrier Global in the fourth quarter worth $49,000. 91.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Royal Bank of Canada cut their price target on shares of Carrier Global from $86.00 to $76.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. JPMorgan Chase & Co. dropped their price objective on shares of Carrier Global from $83.00 to $77.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. The Goldman Sachs Group started coverage on shares of Carrier Global in a report on Thursday, December 12th. They set a “buy” rating and a $96.00 price objective on the stock. Robert W. Baird dropped their price objective on shares of Carrier Global from $88.00 to $86.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Finally, Mizuho raised shares of Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price objective on the stock in a report on Friday, February 14th. Seven investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Carrier Global has an average rating of “Moderate Buy” and a consensus target price of $82.64.

Carrier Global Trading Up 1.5 %

NYSE CARR opened at $67.00 on Friday. The company has a market capitalization of $58.18 billion, a PE ratio of 10.67, a P/E/G ratio of 1.94 and a beta of 1.35. The company has a fifty day moving average of $67.60 and a 200 day moving average of $72.26. 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.

Carrier Global (NYSE:CARR) last posted its 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 net margin of 23.83% and a return on equity of 18.82%. During the same quarter in the prior year, the firm earned $0.53 earnings per share. Research analysts forecast that Carrier Global Co. will post 2.98 earnings per share for the current year.

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 $0.225 dividend. The ex-dividend date was Friday, December 20th. This represents a $0.90 dividend on an annualized basis and a dividend 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 14.33%.

Carrier Global declared that its Board of Directors has authorized a share repurchase program on Thursday, October 24th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the company to buy up to 4.6% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

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.