Pettyjohn Wood & White Inc. Buys 3,040 Shares of Carrier Global Co. (NYSE:CARR)

Pettyjohn Wood & White Inc. boosted its stake in Carrier Global Co. (NYSE:CARR) by 25.0% in the 4th quarter, Holdings Channel reports. The firm owned 15,178 shares of the company’s stock after acquiring an additional 3,040 shares during the quarter. Pettyjohn Wood & White Inc.’s holdings in Carrier Global were worth $1,036,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Wells Fargo & Company reduced their target price on Carrier Global from $75.00 to $70.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. Barclays decreased their price target on shares of Carrier Global from $90.00 to $87.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. UBS Group raised shares of Carrier Global from a “neutral” rating to a “buy” rating and set a $94.00 price objective for the company in a report on Wednesday, November 13th. Citigroup cut their target price on shares of Carrier Global from $94.00 to $90.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Finally, The Goldman Sachs Group started coverage on Carrier Global in a research note on Thursday, December 12th. They set a “buy” rating and a $96.00 price target for the company. Six 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’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $82.47.

Carrier Global Trading Down 3.1 %

Shares of CARR stock opened at $64.04 on Friday. 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 business has a 50-day moving average of $67.23 and a 200 day moving average of $72.33. The stock has a market capitalization of $55.61 billion, a PE ratio of 10.20, a P/E/G ratio of 2.01 and a beta of 1.35. Carrier Global Co. has a 1-year low of $53.33 and a 1-year high of $83.32.

Carrier Global (NYSE:CARR) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) for the quarter, topping 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 period last year, the firm posted $0.53 EPS. As a group, sell-side 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 disclosed a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, December 20th were issued a $0.225 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.90 annualized dividend and a yield of 1.41%. This is a boost 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.