Savvy Advisors Inc. Acquires Shares of 3,205 Carrier Global Co. (NYSE:CARR)

Savvy Advisors Inc. bought a new position in shares of Carrier Global Co. (NYSE:CARR) in the fourth quarter, HoldingsChannel reports. The firm bought 3,205 shares of the company’s stock, valued at approximately $219,000.

Several other hedge funds have also modified their holdings of CARR. Geode Capital Management LLC raised its position in Carrier Global by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 17,357,770 shares of the company’s stock worth $1,181,300,000 after acquiring an additional 420,081 shares in the last quarter. Fisher Asset Management LLC lifted its stake in shares of Carrier Global by 0.3% in the fourth quarter. Fisher Asset Management LLC now owns 14,313,331 shares of the company’s stock valued at $977,028,000 after purchasing an additional 46,222 shares during the period. Norges Bank purchased a new stake in Carrier Global during the fourth quarter worth about $588,029,000. Pictet Asset Management Holding SA grew its position in Carrier Global by 2.1% during the fourth quarter. Pictet Asset Management Holding SA now owns 6,080,842 shares of the company’s stock worth $415,078,000 after buying an additional 126,174 shares during the period. Finally, Invesco Ltd. increased its holdings in Carrier Global by 40.3% in the fourth quarter. Invesco Ltd. now owns 5,057,148 shares of the company’s stock valued at $345,201,000 after buying an additional 1,453,247 shares in the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global Trading Down 0.2 %

Shares of CARR 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 company has a market capitalization of $52.26 billion, a PE ratio of 9.63, a price-to-earnings-growth ratio of 2.01 and a beta of 1.33. The stock has a fifty day moving average of $64.09 and a two-hundred day moving average of $70.04. 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 released its earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) for the quarter, beating 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 period in the prior year, the business earned $0.53 earnings per share. As a group, analysts forecast that Carrier Global Co. will post 2.99 EPS for the current year.

Carrier Global Dividend Announcement

The firm also recently declared 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 annualized dividend and a yield of 1.49%. Carrier Global’s payout ratio is 14.33%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on CARR shares. Wolfe Research upgraded Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a report on Monday, February 24th. Mizuho raised Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 target price on the stock in a report on Friday, February 14th. 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 research note on Wednesday, February 12th. Wells Fargo & Company decreased their price objective on shares of Carrier Global from $75.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 12th. Finally, Citigroup dropped 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. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $80.13.

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.