Carrier Global Co. (NYSE:CARR) Shares Bought by TCW Group Inc.

TCW Group Inc. increased its holdings in Carrier Global Co. (NYSE:CARR) by 2.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,780 shares of the company’s stock after buying an additional 299 shares during the quarter. TCW Group Inc.’s holdings in Carrier Global were worth $804,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Sigma Planning Corp increased its holdings in Carrier Global by 1.5% in the 4th quarter. Sigma Planning Corp now owns 12,923 shares of the company’s stock worth $882,000 after buying an additional 194 shares during the period. Cassaday & Co Wealth Management LLC increased its holdings in Carrier Global by 4.5% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 4,341 shares of the company’s stock worth $296,000 after buying an additional 188 shares during the period. Compass Capital Corp MA ADV acquired a new position in Carrier Global in the 4th quarter worth approximately $716,000. Centricity Wealth Management LLC acquired a new position in Carrier Global in the 4th quarter worth approximately $49,000. Finally, ING Groep NV increased its holdings in Carrier Global by 620.9% in the 4th quarter. ING Groep NV now owns 106,573 shares of the company’s stock worth $7,275,000 after buying an additional 91,790 shares during the period. Institutional investors and hedge funds own 91.00% of the company’s stock.

Wall Street Analyst Weigh In

CARR has been the topic of several research reports. Wolfe Research upgraded 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 report on Monday. Royal Bank of Canada decreased their target price on Carrier Global from $86.00 to $76.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Citigroup decreased their target price on Carrier Global from $94.00 to $90.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. UBS Group upgraded Carrier Global from a “neutral” rating to a “buy” rating and set a $94.00 target price on the stock in a research report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. decreased their target price 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. Six research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Carrier Global currently has a consensus rating of “Moderate Buy” and an average price target of $82.47.

Carrier Global Stock Up 0.5 %

NYSE CARR opened at $66.46 on Tuesday. The business has a fifty day moving average price of $67.36 and a 200 day moving average price of $72.41. Carrier Global Co. has a one year low of $53.33 and a one year high of $83.32. 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 company has a market cap of $57.71 billion, a P/E ratio of 10.58, a P/E/G ratio of 2.01 and a beta of 1.35.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data 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 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 earnings per share. Research analysts anticipate that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Carrier Global Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, December 20th were paid a $0.225 dividend. The ex-dividend date was Friday, December 20th. This is an increase from Carrier Global’s previous quarterly dividend of $0.19. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.35%. 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.