Carrier Global Co. (NYSE:CARR) Shares Bought by Lake Street Advisors Group LLC

Lake Street Advisors Group LLC lifted its stake in shares of Carrier Global Co. (NYSE:CARR) by 0.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,128 shares of the company’s stock after buying an additional 169 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Carrier Global were worth $1,378,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CARR. Bradley & Co. Private Wealth Management LLC purchased a new stake in Carrier Global in the fourth quarter valued at $31,000. Canton Hathaway LLC increased its position in shares of Carrier Global by 11.1% during the fourth quarter. Canton Hathaway LLC now owns 5,000 shares of the company’s stock worth $341,000 after purchasing an additional 500 shares in the last quarter. Gray Foundation purchased a new stake in shares of Carrier Global in the 4th quarter valued at about $758,000. Pine Valley Investments Ltd Liability Co lifted its holdings in shares of Carrier Global by 57.2% in the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 8,251 shares of the company’s stock valued at $563,000 after purchasing an additional 3,003 shares during the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new stake in shares of Carrier Global in the 4th quarter valued at about $482,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Stock Down 1.6 %

CARR opened at $66.10 on Thursday. 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 12 month low of $53.33 and a 12 month high of $83.32. The stock has a market capitalization of $57.40 billion, a P/E ratio of 10.53, a P/E/G ratio of 2.01 and a beta of 1.35. The business has a 50 day simple moving average of $67.28 and a 200-day simple moving average of $72.38.

Carrier Global (NYSE:CARR) last released its earnings results on Tuesday, February 11th. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03. Carrier Global had a return on equity of 18.82% and a net margin of 23.83%. During the same period in the prior year, the company earned $0.53 earnings per share. On average, equities analysts anticipate that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Carrier Global Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, December 20th were issued a dividend of $0.225 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.90 dividend on an annualized basis and a yield of 1.36%. This is an increase from Carrier Global’s previous quarterly dividend of $0.19. Carrier Global’s payout ratio is currently 14.33%.

Wall Street Analysts Forecast Growth

CARR has been the subject of a number of research reports. UBS Group upgraded Carrier Global from a “neutral” rating to a “buy” rating and set a $94.00 price objective for the company in a research note on Wednesday, November 13th. Wells Fargo & Company reduced their price target on shares of Carrier Global from $75.00 to $70.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. Northcoast Research began coverage on shares of Carrier Global in a research report on Friday, November 22nd. They set a “neutral” rating on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Carrier Global from $83.00 to $77.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Finally, Citigroup decreased their target price on shares of Carrier Global from $94.00 to $90.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Six research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company 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.