Iron Gate Global Advisors LLC Invests $927,000 in Carrier Global Co. (NYSE:CARR)

Iron Gate Global Advisors LLC purchased a new position in shares of Carrier Global Co. (NYSE:CARR) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 13,501 shares of the company’s stock, valued at approximately $927,000.

A number of other hedge funds have also recently added to or reduced their stakes in CARR. UMB Bank n.a. raised its stake in shares of Carrier Global by 1.1% during the 4th quarter. UMB Bank n.a. now owns 13,293 shares of the company’s stock worth $907,000 after buying an additional 143 shares in the last quarter. Chicago Partners Investment Group LLC raised its position in Carrier Global by 2.6% in the fourth quarter. Chicago Partners Investment Group LLC now owns 5,887 shares of the company’s stock worth $403,000 after acquiring an additional 147 shares in the last quarter. Hanson & Doremus Investment Management raised its position in Carrier Global by 6.2% in the fourth quarter. Hanson & Doremus Investment Management now owns 2,572 shares of the company’s stock worth $176,000 after acquiring an additional 150 shares in the last quarter. BOK Financial Private Wealth Inc. lifted its holdings in Carrier Global by 80.0% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock valued at $25,000 after acquiring an additional 160 shares during the period. Finally, Garden State Investment Advisory Services LLC boosted its position in shares of Carrier Global by 2.8% during the 3rd quarter. Garden State Investment Advisory Services LLC now owns 5,950 shares of the company’s stock worth $480,000 after purchasing an additional 161 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on CARR shares. Royal Bank of Canada reduced their price objective on shares of Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. Barclays decreased their price target on Carrier Global from $87.00 to $83.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 26th. Mizuho raised shares of Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price objective on the stock in a research note on Friday, February 14th. Wells Fargo & Company dropped their target price on shares of Carrier Global from $75.00 to $70.00 and set an “equal weight” rating for the company in a report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Carrier Global from $78.00 to $64.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Carrier Global currently has an average rating of “Moderate Buy” and a consensus price target of $80.13.

Carrier Global Trading Down 0.2 %

Shares of Carrier Global stock opened at $60.48 on Wednesday. Carrier Global Co. has a fifty-two week low of $53.33 and a fifty-two week high of $83.32. The business’s fifty day moving average is $64.09 and its two-hundred day moving average is $70.04. The company has a quick ratio of 0.96, a current ratio of 1.25 and a debt-to-equity ratio of 0.77. The firm has a market cap of $52.26 billion, a PE ratio of 9.63, a P/E/G ratio of 2.01 and a beta of 1.33.

Carrier Global (NYSE:CARR) last released its earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate 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 quarter in the prior year, the firm earned $0.53 EPS. Analysts anticipate that Carrier Global Co. will post 2.99 earnings per share for the current year.

Carrier Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Friday, May 2nd will be issued a $0.225 dividend. The ex-dividend date is Friday, May 2nd. This represents a $0.90 dividend on an annualized basis and a yield of 1.49%. Carrier Global’s payout ratio is 14.33%.

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.