Fidelis Capital Partners LLC Purchases 252 Shares of Carrier Global Co. (NYSE:CARR)

Fidelis Capital Partners LLC lifted its position in Carrier Global Co. (NYSE:CARR) by 3.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,719 shares of the company’s stock after acquiring an additional 252 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Carrier Global were worth $551,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. FSA Wealth Management LLC purchased a new stake in Carrier Global during the third quarter worth $28,000. Coastline Trust Co bought a new position in shares of Carrier Global in the 3rd quarter worth $37,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of Carrier Global during the 4th quarter worth $31,000. Capital Performance Advisors LLP bought a new stake in Carrier Global during the third quarter valued at about $44,000. Finally, Ashton Thomas Securities LLC purchased a new position in Carrier Global in the third quarter valued at about $50,000. 91.00% of the stock is owned by hedge funds and other institutional investors.

Carrier Global Stock Performance

CARR opened at $63.11 on Tuesday. The firm has a 50 day moving average of $67.04 and a two-hundred day moving average of $72.39. The firm has a market capitalization of $54.53 billion, a PE ratio of 10.05, a P/E/G ratio of 2.01 and a beta of 1.35. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77. Carrier Global Co. has a 12-month low of $53.33 and a 12-month high of $83.32.

Carrier Global (NYSE:CARR) last posted its earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 in the prior year, the firm earned $0.53 earnings per share. On average, analysts anticipate that Carrier Global Co. will post 2.99 EPS for the current year.

Carrier Global Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, December 20th were paid a $0.225 dividend. This is an increase from Carrier Global’s previous quarterly dividend of $0.19. The ex-dividend date was Friday, December 20th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.43%. Carrier Global’s dividend payout ratio is presently 14.33%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. JPMorgan Chase & Co. decreased their price target on shares of Carrier Global from $83.00 to $77.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. The Goldman Sachs Group began coverage on shares of Carrier Global in a research report on Thursday, December 12th. They set a “buy” rating and a $96.00 target price for the company. Citigroup cut their price target on shares of Carrier Global from $94.00 to $90.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Royal Bank of Canada decreased their price objective on Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Finally, 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 note on Wednesday, November 13th. Six investment 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 company. According to data from MarketBeat, Carrier Global presently has an average rating of “Moderate Buy” and a consensus target price of $82.47.

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.