Proficio Capital Partners LLC Has $33.54 Million Stock Position in Carrier Global Co. (NYSE:CARR)

Proficio Capital Partners LLC increased its stake in shares of Carrier Global Co. (NYSE:CARR) by 10,995.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 491,308 shares of the company’s stock after buying an additional 486,880 shares during the period. Proficio Capital Partners LLC owned 0.05% of Carrier Global worth $33,537,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. boosted its position in Carrier Global by 4.5% during the 4th quarter. Oppenheimer & Co. Inc. now owns 68,776 shares of the company’s stock worth $4,695,000 after acquiring an additional 2,966 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its holdings in shares of Carrier Global by 2.0% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 317,700 shares of the company’s stock valued at $21,686,000 after buying an additional 6,100 shares during the last quarter. National Pension Service lifted its holdings in Carrier Global by 14.4% during the 4th quarter. National Pension Service now owns 2,171,233 shares of the company’s stock valued at $148,208,000 after purchasing an additional 272,494 shares during the last quarter. Advisor OS LLC lifted its holdings in Carrier Global by 25.7% during the 4th quarter. Advisor OS LLC now owns 13,813 shares of the company’s stock valued at $943,000 after purchasing an additional 2,825 shares during the last quarter. Finally, Lake Street Advisors Group LLC increased its position in Carrier Global by 0.8% during the 4th quarter. Lake Street Advisors Group LLC now owns 20,128 shares of the company’s stock worth $1,378,000 after buying an additional 169 shares during the period. 91.00% of the stock is owned by institutional investors.

Carrier Global Stock Performance

NYSE CARR opened at $64.81 on Friday. The firm has a market cap of $56.00 billion, a price-to-earnings ratio of 10.32, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35. 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 business has a 50-day moving average price of $67.15 and a 200-day moving average price of $72.33. Carrier Global Co. has a twelve month low of $53.33 and a twelve month high of $83.32.

Carrier Global (NYSE:CARR) last posted its earnings results on Tuesday, February 11th. The company reported $0.54 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 prior year, the company earned $0.53 EPS. As a group, equities research analysts predict that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Carrier Global Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, December 20th were paid a $0.225 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.90 annualized dividend and a yield of 1.39%. This is a boost from Carrier Global’s previous quarterly dividend of $0.19. Carrier Global’s dividend payout ratio is 14.33%.

Analyst Ratings Changes

A number of brokerages recently commented on CARR. JPMorgan Chase & Co. decreased their price target on Carrier Global from $83.00 to $77.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Mizuho upgraded Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price objective for the company in a report on Friday, February 14th. Citigroup decreased their price target on Carrier Global from $94.00 to $90.00 and set a “buy” rating for the company in a report on Monday, January 13th. UBS Group raised Carrier Global from a “neutral” rating to a “buy” rating and set a $94.00 price objective on the stock in a research report on Wednesday, November 13th. Finally, Wolfe Research raised Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research report on Monday, February 24th. Six equities research 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 company. Based on data from MarketBeat.com, Carrier Global currently has an average rating of “Moderate Buy” and an average target price of $82.47.

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.