Carrier Global Co. (NYSE:CARR) Shares Bought by Laffer Tengler Investments Inc.

Laffer Tengler Investments Inc. grew its holdings in Carrier Global Co. (NYSE:CARR) by 22.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 134,916 shares of the company’s stock after buying an additional 24,504 shares during the period. Carrier Global accounts for approximately 1.8% of Laffer Tengler Investments Inc.’s holdings, making the stock its 17th largest holding. Laffer Tengler Investments Inc.’s holdings in Carrier Global were worth $9,209,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Commerzbank Aktiengesellschaft FI lifted its holdings in shares of Carrier Global by 30.0% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 4,116 shares of the company’s stock worth $281,000 after acquiring an additional 951 shares during the last quarter. Synergy Investment Management LLC purchased a new stake in Carrier Global in the fourth quarter valued at approximately $138,000. Bahl & Gaynor Inc. raised its position in Carrier Global by 0.7% in the fourth quarter. Bahl & Gaynor Inc. now owns 100,696 shares of the company’s stock valued at $6,874,000 after purchasing an additional 744 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Carrier Global by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,837,382 shares of the company’s stock worth $330,200,000 after purchasing an additional 92,975 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its position in shares of Carrier Global by 0.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 111,270 shares of the company’s stock worth $7,595,000 after buying an additional 557 shares during the period. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CARR. UBS Group raised Carrier Global from a “neutral” rating to a “buy” rating and set a $94.00 target price on the stock in a research note on Wednesday, November 13th. Wolfe Research raised shares of Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research report on Monday, February 24th. Northcoast Research initiated coverage on shares of Carrier Global in a research note on Friday, November 22nd. They issued a “neutral” rating for the company. Citigroup cut their target price on shares of Carrier Global from $94.00 to $90.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Finally, Barclays decreased their price target on shares of Carrier Global from $90.00 to $87.00 and set an “overweight” rating for the company in a research report on Wednesday, February 12th. Six investment 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. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.47.

Carrier Global Stock Performance

NYSE:CARR opened at $62.04 on Wednesday. Carrier Global Co. has a 12 month low of $53.33 and a 12 month high of $83.32. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96. The firm has a market capitalization of $53.60 billion, a PE ratio of 9.88, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35. The business’s fifty day moving average price is $66.89 and its 200 day moving average price is $72.35.

Carrier Global (NYSE:CARR) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 EPS for the quarter, beating 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 posted $0.53 EPS. On average, sell-side analysts anticipate that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Carrier Global Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, December 20th were given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.45%. This is an increase from Carrier Global’s previous quarterly dividend of $0.19. The ex-dividend date was Friday, December 20th. Carrier Global’s dividend payout ratio (DPR) is 14.33%.

Carrier Global 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.