First Bank & Trust Purchases 555 Shares of Carrier Global Co. (NYSE:CARR)

First Bank & Trust raised its position in Carrier Global Co. (NYSE:CARR) by 13.1% during the 4th quarter, HoldingsChannel reports. The fund owned 4,793 shares of the company’s stock after buying an additional 555 shares during the quarter. First Bank & Trust’s holdings in Carrier Global were worth $327,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. FSA Wealth Management LLC bought a new stake in shares of Carrier Global during the 3rd quarter worth approximately $28,000. Coastline Trust Co bought a new stake in shares of Carrier Global during the 3rd quarter worth approximately $37,000. Capital Performance Advisors LLP bought a new stake in shares of Carrier Global during the 3rd quarter worth approximately $44,000. Roxbury Financial LLC bought a new stake in shares of Carrier Global during the 4th quarter worth approximately $49,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Carrier Global during the 3rd quarter worth approximately $50,000. Institutional investors own 91.00% of the company’s stock.

Carrier Global Trading Up 1.5 %

CARR stock opened at $67.00 on Friday. Carrier Global Co. has a 52 week low of $53.33 and a 52 week high of $83.32. The company has a market capitalization of $58.18 billion, a PE ratio of 10.67, a price-to-earnings-growth ratio of 1.94 and a beta of 1.35. The company’s 50-day simple moving average is $67.60 and its 200 day simple moving average is $72.26. 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 (NYSE:CARR) last announced its earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) for the quarter, topping 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 last year, the firm posted $0.53 EPS. As a group, sell-side analysts anticipate that Carrier Global Co. will post 2.98 earnings per share for the current year.

Carrier Global announced that its board has initiated a stock repurchase program on Thursday, October 24th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 4.6% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its stock is undervalued.

Carrier Global Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, December 20th were paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend was Friday, December 20th. This is a positive change from Carrier Global’s previous quarterly dividend of $0.19. Carrier Global’s dividend payout ratio (DPR) is 14.33%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CARR shares. Barclays dropped their price objective on Carrier Global from $90.00 to $87.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 12th. Mizuho upgraded Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 target price for the company in a research note on Friday, February 14th. Stephens dropped their price target on Carrier Global from $85.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Monday, October 28th. Royal Bank of Canada cut their price target on Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Finally, Robert W. Baird cut their price target on Carrier Global from $88.00 to $86.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Seven investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Carrier Global has a consensus rating of “Moderate Buy” and an average price target of $82.64.

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.