Carrier Global Co. (NYSE:CARR) Shares Purchased by Canton Hathaway LLC

Canton Hathaway LLC increased its holdings in shares of Carrier Global Co. (NYSE:CARR) by 11.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,000 shares of the company’s stock after acquiring an additional 500 shares during the period. Canton Hathaway LLC’s holdings in Carrier Global were worth $341,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. FSA Wealth Management LLC acquired a new stake in Carrier Global in the 3rd quarter worth about $28,000. Coastline Trust Co acquired a new stake in Carrier Global in the 3rd quarter worth about $37,000. Capital Performance Advisors LLP acquired a new stake in Carrier Global in the 3rd quarter worth about $44,000. Ashton Thomas Securities LLC acquired a new stake in Carrier Global in the 3rd quarter worth about $50,000. Finally, GHP Investment Advisors Inc. boosted its holdings in Carrier Global by 67.2% in the 3rd quarter. GHP Investment Advisors Inc. now owns 687 shares of the company’s stock worth $55,000 after buying an additional 276 shares during the last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Royal Bank of Canada lowered their price objective on Carrier Global from $86.00 to $76.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. Barclays lowered their price objective on Carrier Global from $90.00 to $87.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. Northcoast Research began coverage on Carrier Global in a report on Friday, November 22nd. They issued a “neutral” rating on the stock. The Goldman Sachs Group began coverage on shares of Carrier Global in a research note on Thursday, December 12th. They issued a “buy” rating and a $96.00 target price on the stock. Finally, Mizuho raised shares of Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 target price on the stock in a research note on Friday, February 14th. Six analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Carrier Global presently has a consensus rating of “Moderate Buy” and an average target price of $82.47.

Carrier Global Stock Up 0.5 %

CARR stock opened at $66.46 on Tuesday. The firm has a market cap of $57.71 billion, a PE ratio of 10.58, a PEG ratio of 2.01 and a beta of 1.35. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25. The firm’s 50 day moving average price is $67.36 and its 200-day moving average price is $72.41. Carrier Global Co. has a one year low of $53.33 and a one year high of $83.32.

Carrier Global (NYSE:CARR) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 EPS for the quarter, beating the consensus estimate 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. On average, equities research analysts anticipate that Carrier Global Co. will post 2.99 EPS for the current year.

Carrier Global Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, December 20th were given a $0.225 dividend. This is a positive change from Carrier Global’s previous quarterly dividend of $0.19. 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 1.35%. 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.