Fidelis Capital Partners LLC Grows Position in Carrier Global Co. (NYSE:CARR)

Fidelis Capital Partners LLC grew its stake in Carrier Global Co. (NYSE:CARR) by 3.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,719 shares of the company’s stock after buying an additional 252 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Carrier Global were worth $551,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in CARR. SBI Securities Co. Ltd. purchased a new stake in shares of Carrier Global in the fourth quarter worth $98,000. Jones Financial Companies Lllp increased its stake in Carrier Global by 80.2% in the 4th quarter. Jones Financial Companies Lllp now owns 101,912 shares of the company’s stock worth $6,957,000 after buying an additional 45,350 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in Carrier Global during the fourth quarter valued at about $56,000. Smartleaf Asset Management LLC lifted its position in shares of Carrier Global by 35.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 5,456 shares of the company’s stock valued at $372,000 after acquiring an additional 1,430 shares in the last quarter. Finally, Purkiss Capital Advisors LLC bought a new position in shares of Carrier Global in the fourth quarter worth about $212,000. 91.00% of the stock is owned by hedge funds and other institutional investors.

Carrier Global Stock Down 2.6 %

Shares of CARR opened at $63.11 on Tuesday. The company has a quick ratio of 0.96, a current ratio of 1.25 and a debt-to-equity ratio of 0.77. The business has a fifty day moving average of $67.04 and a 200 day moving average of $72.39. The company has a market cap of $54.53 billion, a PE ratio of 10.05, a P/E/G ratio of 2.01 and a beta of 1.35. Carrier Global Co. has a 52-week low of $53.33 and a 52-week high of $83.32.

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, topping 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 period last year, the firm posted $0.53 earnings per share. On average, sell-side analysts expect that Carrier Global Co. will post 2.99 EPS for the current year.

Carrier Global Increases Dividend

The firm also recently announced 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. This represents a $0.90 annualized dividend and a dividend yield of 1.43%. The ex-dividend date was Friday, December 20th. This is a positive change from Carrier Global’s previous quarterly dividend of $0.19. Carrier Global’s payout ratio is 14.33%.

Analyst Ratings Changes

CARR has been the topic of several recent analyst reports. Mizuho raised Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 target price on the stock in a research note on Friday, February 14th. Barclays reduced their price objective on shares of Carrier Global from $90.00 to $87.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. Northcoast Research initiated coverage on shares of Carrier Global in a research report on Friday, November 22nd. They set a “neutral” rating for the company. The Goldman Sachs Group began coverage on shares of Carrier Global in a research note on Thursday, December 12th. They set a “buy” rating and a $96.00 target price for the company. Finally, Royal Bank of Canada decreased their price target on shares of Carrier Global from $86.00 to $76.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Six research 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 stock. According to data from MarketBeat.com, Carrier Global has a consensus rating of “Moderate Buy” and an average price target of $82.47.

Carrier Global 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.