Carmel Capital Partners LLC Has $1.11 Million Stock Holdings in Carrier Global Co. (NYSE:CARR)

Carmel Capital Partners LLC increased its holdings in shares of Carrier Global Co. (NYSE:CARR) by 7.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,307 shares of the company’s stock after buying an additional 1,082 shares during the period. Carmel Capital Partners LLC’s holdings in Carrier Global were worth $1,113,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CARR. Raymond James Financial Inc. acquired a new position in shares of Carrier Global in the 4th quarter worth approximately $108,433,000. Cullen Frost Bankers Inc. lifted its position in shares of Carrier Global by 4.9% in the 4th quarter. Cullen Frost Bankers Inc. now owns 136,541 shares of the company’s stock worth $9,320,000 after purchasing an additional 6,316 shares during the period. Arizona State Retirement System lifted its position in shares of Carrier Global by 0.3% in the 4th quarter. Arizona State Retirement System now owns 233,204 shares of the company’s stock worth $15,919,000 after purchasing an additional 696 shares during the period. Aigen Investment Management LP acquired a new position in shares of Carrier Global in the 4th quarter worth approximately $2,178,000. Finally, Proficio Capital Partners LLC lifted its position in shares of Carrier Global by 62.6% in the 4th quarter. Proficio Capital Partners LLC now owns 7,198 shares of the company’s stock worth $491,000 after purchasing an additional 2,770 shares during the period. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CARR has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their price target on shares of Carrier Global from $75.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 12th. UBS Group upgraded shares of Carrier Global from a “neutral” rating to a “buy” rating and set a $94.00 price target on the stock in a research report on Wednesday, November 13th. Mizuho upgraded shares of Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price target on the stock in a research report on Friday, February 14th. Northcoast Research started coverage on shares of Carrier Global in a research report on Friday, November 22nd. They set a “neutral” rating on the stock. Finally, The Goldman Sachs Group started coverage on shares of Carrier Global in a research report on Thursday, December 12th. They set a “buy” rating and a $96.00 target price on the stock. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $82.53.

Carrier Global Stock Performance

Shares of CARR stock opened at $64.86 on Thursday. The firm has a market capitalization of $56.03 billion, a PE ratio of 10.33, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35. The firm has a fifty day simple moving average of $66.80 and a two-hundred day simple moving average of $72.30. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77. Carrier Global Co. has a 12 month low of $53.33 and a 12 month high of $83.32.

Carrier Global (NYSE:CARR) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share 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 period in the prior year, the company posted $0.53 EPS. Analysts forecast that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Carrier Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, December 20th were issued 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 1.39%. Carrier Global’s dividend payout ratio is 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.