Atria Wealth Solutions Inc. Grows Stock Holdings in Carrier Global Co. (NYSE:CARR)

Atria Wealth Solutions Inc. increased its position in Carrier Global Co. (NYSE:CARR) by 11.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 33,723 shares of the company’s stock after buying an additional 3,477 shares during the period. Atria Wealth Solutions Inc.’s holdings in Carrier Global were worth $2,304,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of CARR. Foundations Investment Advisors LLC lifted its holdings in Carrier Global by 2.9% in the 3rd quarter. Foundations Investment Advisors LLC now owns 5,779 shares of the company’s stock worth $465,000 after purchasing an additional 163 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of Carrier Global by 12.2% in the third quarter. Sequoia Financial Advisors LLC now owns 14,697 shares of the company’s stock worth $1,183,000 after buying an additional 1,600 shares in the last quarter. Commerzbank Aktiengesellschaft FI bought a new position in shares of Carrier Global during the third quarter worth $255,000. Brighton Jones LLC grew its stake in Carrier Global by 5.5% during the third quarter. Brighton Jones LLC now owns 6,108 shares of the company’s stock valued at $492,000 after acquiring an additional 318 shares in the last quarter. Finally, IFM Investors Pty Ltd grew its stake in Carrier Global by 0.5% during the third quarter. IFM Investors Pty Ltd now owns 189,986 shares of the company’s stock valued at $15,292,000 after acquiring an additional 883 shares in the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Price Performance

CARR stock opened at $66.10 on Friday. The stock has a market cap of $57.39 billion, a PE ratio of 10.52, a P/E/G ratio of 1.97 and a beta of 1.35. Carrier Global Co. has a 12 month low of $53.33 and a 12 month high of $83.32. The company has a 50-day moving average price of $67.46 and a 200 day moving average price of $72.27. 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 (NYSE:CARR) last released its earnings results 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 quarter in the previous year, the business earned $0.53 EPS. Equities research analysts anticipate that Carrier Global Co. will post 2.99 earnings per share for the current year.

Carrier Global Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, December 20th were given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 1.36%. 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%.

Wall Street Analyst Weigh In

CARR has been the subject of several research reports. JPMorgan Chase & Co. dropped their price objective on shares of Carrier Global from $83.00 to $77.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. UBS Group raised Carrier Global from a “neutral” rating to a “buy” rating and set a $94.00 price target for the company in a research note on Wednesday, November 13th. Robert W. Baird reduced their price objective on Carrier Global from $88.00 to $86.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Royal Bank of Canada lowered their target price on Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Finally, Stephens reduced their price target on shares of Carrier Global from $85.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Monday, October 28th. Seven research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $82.64.

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.