Breed s Hill Capital LLC Buys 441 Shares of Carrier Global Co. (NYSE:CARR)

Breed s Hill Capital LLC raised its stake in shares of Carrier Global Co. (NYSE:CARR) by 14.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,438 shares of the company’s stock after purchasing an additional 441 shares during the period. Breed s Hill Capital LLC’s holdings in Carrier Global were worth $235,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. BOK Financial Private Wealth Inc. raised its position in shares of Carrier Global by 80.0% in the 4th quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock worth $25,000 after acquiring an additional 160 shares in the last quarter. Ritter Daniher Financial Advisory LLC DE raised its position in shares of Carrier Global by 90.0% in the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 380 shares of the company’s stock worth $26,000 after acquiring an additional 180 shares in the last quarter. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Carrier Global in the 4th quarter worth about $31,000. Meeder Asset Management Inc. raised its position in shares of Carrier Global by 236.1% in the 4th quarter. Meeder Asset Management Inc. now owns 484 shares of the company’s stock worth $33,000 after acquiring an additional 340 shares in the last quarter. Finally, Transce3nd LLC bought a new position in shares of Carrier Global in the 4th quarter worth about $37,000. 91.00% of the stock is owned by institutional investors.

Analyst Ratings Changes

CARR has been the subject of several research analyst reports. The Goldman Sachs Group reissued a “buy” rating on shares of Carrier Global in a research report on Wednesday. Mizuho set a $72.00 price objective on Carrier Global in a research report on Tuesday, April 22nd. Northcoast Research upgraded Carrier Global from a “neutral” rating to a “buy” rating and set a $85.00 target price for the company in a research note on Friday, May 9th. Royal Bank of Canada raised their target price on Carrier Global from $86.00 to $87.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Robert W. Baird raised their target price on Carrier Global from $80.00 to $88.00 and gave the company an “outperform” rating in a research note on Tuesday. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $83.00.

Carrier Global Price Performance

CARR stock opened at $71.77 on Friday. The company has a market capitalization of $61.53 billion, a P/E ratio of 11.43, a price-to-earnings-growth ratio of 2.01 and a beta of 1.33. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25. Carrier Global Co. has a 52-week low of $54.22 and a 52-week high of $83.32. The business has a 50-day simple moving average of $65.14 and a two-hundred day simple moving average of $68.00.

Carrier Global (NYSE:CARR) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07. The business had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $5.17 billion. Carrier Global had a return on equity of 18.82% and a net margin of 23.83%. The company’s quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.51 EPS. Research analysts expect that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Carrier Global Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Friday, May 2nd were paid a dividend of $0.225 per share. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $0.90 dividend on an annualized basis and a yield of 1.25%. Carrier Global’s dividend payout ratio (DPR) is currently 13.93%.

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.