Virtus ETF Advisers LLC Makes New Investment in Carrier Global Co. (NYSE:CARR)

Virtus ETF Advisers LLC acquired a new stake in Carrier Global Co. (NYSE:CARR) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,205 shares of the company’s stock, valued at approximately $1,038,000.

Other hedge funds also recently modified their holdings of the company. BOK Financial Private Wealth Inc. increased its holdings in shares of Carrier Global by 80.0% during the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock worth $25,000 after purchasing an additional 160 shares during the period. Ritter Daniher Financial Advisory LLC DE grew its position 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 worth $26,000 after buying an additional 180 shares in the last quarter. Bradley & Co. Private Wealth Management LLC bought a new position in Carrier Global during the 4th quarter worth $31,000. Meeder Asset Management Inc. raised its holdings in Carrier Global by 236.1% in the 4th quarter. Meeder Asset Management Inc. now owns 484 shares of the company’s stock valued at $33,000 after acquiring an additional 340 shares in the last quarter. Finally, Transce3nd LLC bought a new stake in shares of Carrier Global during the 4th quarter valued at $37,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Citigroup reduced their price target on shares of Carrier Global from $89.00 to $72.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Wolfe Research raised Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a report on Monday, February 24th. Royal Bank of Canada lowered 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. Mizuho set a $72.00 price objective on Carrier Global in a research note on Tuesday. Finally, Barclays lowered their target price on Carrier Global from $87.00 to $83.00 and set an “overweight” rating for the company in a research note on Wednesday, March 26th. Five research 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 company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $79.73.

Carrier Global Stock Down 0.4 %

CARR stock opened at $60.05 on Friday. 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 Co. has a fifty-two week low of $54.22 and a fifty-two week high of $83.32. The stock’s 50 day simple moving average is $63.21 and its 200 day simple moving average is $68.87. The company has a market cap of $51.88 billion, a P/E ratio of 9.56, a price-to-earnings-growth ratio of 2.01 and a beta of 1.33.

Carrier Global (NYSE:CARR) last issued 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 return on equity of 18.82% and a net margin of 23.83%. During the same period in the previous year, the company posted $0.53 EPS. On average, research analysts expect that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Friday, May 2nd will be given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend is Friday, May 2nd. Carrier Global’s payout ratio is presently 14.33%.

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.