MSH Capital Advisors LLC Makes New $276,000 Investment in Carrier Global Co. (NYSE:CARR)

MSH Capital Advisors LLC acquired a new stake in Carrier Global Co. (NYSE:CARR) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 4,050 shares of the company’s stock, valued at approximately $276,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in Carrier Global in the 4th quarter valued at about $588,029,000. Wealthfront Advisers LLC raised its holdings in Carrier Global by 5,840.1% in the fourth quarter. Wealthfront Advisers LLC now owns 5,000,000 shares of the company’s stock valued at $341,300,000 after acquiring an additional 4,915,826 shares in the last quarter. Artisan Partners Limited Partnership acquired a new stake in Carrier Global in the fourth quarter valued at approximately $166,061,000. Raymond James Financial Inc. purchased a new position in Carrier Global in the fourth quarter worth approximately $108,433,000. Finally, Invesco Ltd. increased its position in shares of Carrier Global by 40.3% in the 4th quarter. Invesco Ltd. now owns 5,057,148 shares of the company’s stock valued at $345,201,000 after purchasing an additional 1,453,247 shares during the last quarter. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CARR has been the subject of several recent analyst reports. Wolfe Research raised shares of Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research report on Monday, February 24th. Royal Bank of Canada decreased their price target on Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. JPMorgan Chase & Co. dropped their price objective on Carrier Global from $78.00 to $64.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Wells Fargo & Company cut their target price on Carrier Global from $75.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 12th. Finally, Barclays lowered their price target on Carrier Global from $87.00 to $83.00 and set an “overweight” rating for the company in a report on Wednesday, March 26th. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $80.13.

Carrier Global Stock Down 2.0 %

Carrier Global stock opened at $59.29 on Thursday. The stock has a market capitalization of $51.23 billion, a price-to-earnings ratio of 9.44, a PEG ratio of 2.01 and a beta of 1.33. Carrier Global Co. has a twelve month low of $53.33 and a twelve month high of $83.32. The stock has a 50 day moving average of $64.00 and a two-hundred day moving average of $69.97. 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 posted its earnings results on Tuesday, February 11th. The company reported $0.54 EPS for the quarter, topping 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 prior year, the business earned $0.53 EPS. As a group, research analysts expect that Carrier Global Co. will post 2.99 earnings per share for the current year.

Carrier Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Friday, May 2nd will be issued a dividend of $0.225 per share. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $0.90 annualized dividend and a yield of 1.52%. Carrier Global’s dividend payout ratio (DPR) is currently 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.