Carrier Global Co. (NYSE:CARR) Shares Acquired by Tower View Wealth Management LLC

Tower View Wealth Management LLC grew its position in Carrier Global Co. (NYSE:CARR) by 2.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 60,654 shares of the company’s stock after purchasing an additional 1,166 shares during the period. Carrier Global makes up 2.2% of Tower View Wealth Management LLC’s holdings, making the stock its 18th largest position. Tower View Wealth Management LLC’s holdings in Carrier Global were worth $4,140,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. FSA Wealth Management LLC acquired a new position in shares of Carrier Global in the third quarter valued at about $28,000. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Carrier Global in the fourth quarter valued at about $31,000. Coastline Trust Co acquired a new stake in Carrier Global during the third quarter worth about $37,000. Capital Performance Advisors LLP acquired a new stake in Carrier Global during the third quarter worth about $44,000. Finally, Roxbury Financial LLC acquired a new stake in Carrier Global during the fourth quarter worth about $49,000. 91.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on the company. Barclays dropped their target price on Carrier Global from $90.00 to $87.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. JPMorgan Chase & Co. dropped their target price on Carrier Global from $83.00 to $77.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Northcoast Research assumed coverage on Carrier Global in a report on Friday, November 22nd. They set a “neutral” rating on the stock. The Goldman Sachs Group assumed coverage on Carrier Global in a report on Thursday, December 12th. They set a “buy” rating and a $96.00 target price on the stock. Finally, Mizuho raised Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 target price on the stock in a report on Friday, February 14th. Six equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $82.47.

Carrier Global Stock Performance

NYSE CARR opened at $64.81 on Friday. The company has a market cap of $56.00 billion, a PE ratio of 10.32, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35. The stock’s 50 day simple moving average is $67.15 and its 200-day simple moving average is $72.38. Carrier Global Co. has a 1-year low of $53.33 and a 1-year 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.

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

Carrier Global Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, December 20th were given a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 1.39%. The ex-dividend date was Friday, December 20th. This is an increase from Carrier Global’s previous quarterly dividend of $0.19. Carrier Global’s dividend payout ratio (DPR) is 14.33%.

Carrier Global Company 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.