11,100 Shares in Carrier Global Co. (NYSE:CARR) Purchased by Gray Foundation

Gray Foundation bought a new stake in Carrier Global Co. (NYSE:CARR) during the 4th quarter, HoldingsChannel.com reports. The firm bought 11,100 shares of the company’s stock, valued at approximately $758,000. Carrier Global comprises approximately 0.2% of Gray Foundation’s holdings, making the stock its 13th biggest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in CARR. RFG Advisory LLC increased its stake in Carrier Global by 36.2% during the fourth quarter. RFG Advisory LLC now owns 7,170 shares of the company’s stock worth $489,000 after acquiring an additional 1,904 shares during the last quarter. Princeton Global Asset Management LLC lifted its holdings in Carrier Global by 1,156.1% during the 4th quarter. Princeton Global Asset Management LLC now owns 20,663 shares of the company’s stock worth $1,410,000 after buying an additional 19,018 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in shares of Carrier Global by 12.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 100,440 shares of the company’s stock valued at $8,084,000 after purchasing an additional 11,032 shares during the period. Cerity Partners LLC boosted its position in shares of Carrier Global by 39.0% in the 3rd quarter. Cerity Partners LLC now owns 136,821 shares of the company’s stock valued at $11,013,000 after purchasing an additional 38,365 shares during the period. Finally, Miracle Mile Advisors LLC purchased a new position in shares of Carrier Global during the 4th quarter worth approximately $2,213,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Wolfe Research upgraded Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a report on Monday. Royal Bank of Canada cut their price objective on Carrier Global from $86.00 to $76.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Northcoast Research began coverage on Carrier Global in a research note on Friday, November 22nd. They issued a “neutral” rating for the company. JPMorgan Chase & Co. decreased their target price on Carrier Global from $83.00 to $77.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Finally, Barclays dropped their price target on Carrier Global from $90.00 to $87.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. Six equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $82.47.

Carrier Global Trading Up 0.5 %

Shares of Carrier Global stock opened at $66.46 on Tuesday. The firm has a market cap of $57.71 billion, a PE ratio of 10.58, a PEG ratio of 2.01 and a beta of 1.35. 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 Co. has a 1 year low of $53.33 and a 1 year high of $83.32. The company has a 50 day simple moving average of $67.36 and a two-hundred day simple moving average of $72.41.

Carrier Global (NYSE:CARR) last issued its quarterly earnings data 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 company posted $0.53 EPS. Analysts expect that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Carrier Global Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, December 20th were given a dividend of $0.225 per share. This is an increase from Carrier Global’s previous quarterly dividend of $0.19. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date was Friday, December 20th. Carrier Global’s dividend payout ratio is currently 14.33%.

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.