Carrier Global Co. (NYSE:CARR) Position Raised by Cetera Investment Advisers

Cetera Investment Advisers grew its position in shares of Carrier Global Co. (NYSE:CARR) by 6.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 166,854 shares of the company’s stock after purchasing an additional 10,497 shares during the quarter. Cetera Investment Advisers’ holdings in Carrier Global were worth $11,389,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BOK Financial Private Wealth Inc. raised its position in Carrier Global by 80.0% in the fourth 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 lifted its stake in Carrier Global by 90.0% during the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 380 shares of the company’s stock valued at $26,000 after purchasing an additional 180 shares during the last quarter. Bradley & Co. Private Wealth Management LLC bought a new stake in Carrier Global during the fourth quarter worth approximately $31,000. Meeder Asset Management Inc. grew its position in Carrier Global by 236.1% in the fourth quarter. Meeder Asset Management Inc. now owns 484 shares of the company’s stock worth $33,000 after buying an additional 340 shares during the last quarter. Finally, Transce3nd LLC bought a new position in shares of Carrier Global in the fourth quarter valued at $37,000. Institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Up 1.3 %

Shares of Carrier Global stock opened at $71.44 on Friday. The firm has a market cap of $61.25 billion, a price-to-earnings ratio of 11.38, a P/E/G ratio of 2.01 and a beta of 1.33. The stock has a 50-day simple moving average of $63.72 and a 200-day simple moving average of $67.94. Carrier Global Co. has a 52-week low of $54.22 and a 52-week 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 Thursday, May 1st. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.58 by $0.07. Carrier Global had a net margin of 23.83% and a return on equity of 18.82%. The company had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $5.17 billion. During the same period in the previous year, the firm posted $0.51 earnings per share. The company’s revenue for the quarter was down 3.7% compared to the same quarter last year. On average, equities research analysts expect that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Friday, May 2nd will be paid a dividend of $0.225 per share. The ex-dividend date is Friday, May 2nd. This represents a $0.90 annualized dividend and a dividend yield of 1.26%. Carrier Global’s dividend payout ratio (DPR) is presently 13.93%.

Analyst Ratings Changes

CARR has been the topic of a number of recent research reports. Northcoast Research upgraded Carrier Global from a “neutral” rating to a “buy” rating and set a $85.00 target price on the stock in a report on Friday. JPMorgan Chase & Co. cut their price objective on Carrier Global from $78.00 to $64.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Citigroup decreased their target price on shares of Carrier Global from $89.00 to $72.00 and set a “buy” rating for the company in a report on Monday, April 14th. Wells Fargo & Company upped their price target on shares of Carrier Global from $65.00 to $75.00 and gave the company an “equal weight” rating in a research report on Monday, May 5th. Finally, Wolfe Research raised shares of Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research note on Monday, February 24th. Four investment 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 stock. According to MarketBeat.com, Carrier Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.53.

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.