HC Advisors LLC Purchases Shares of 3,502 Carrier Global Co. (NYSE:CARR)

HC Advisors LLC purchased a new position in shares of Carrier Global Co. (NYSE:CARR) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 3,502 shares of the company’s stock, valued at approximately $239,000.

Other hedge funds have also recently made changes to their positions in the company. QRG Capital Management Inc. increased its stake in shares of Carrier Global by 8.9% in the 4th quarter. QRG Capital Management Inc. now owns 73,266 shares of the company’s stock valued at $5,001,000 after acquiring an additional 5,994 shares in the last quarter. Proficio Capital Partners LLC grew its holdings in Carrier Global by 10,995.5% in the fourth quarter. Proficio Capital Partners LLC now owns 491,308 shares of the company’s stock worth $33,537,000 after purchasing an additional 486,880 shares during the period. Oppenheimer & Co. Inc. increased its stake in Carrier Global by 4.5% in the fourth quarter. Oppenheimer & Co. Inc. now owns 68,776 shares of the company’s stock valued at $4,695,000 after purchasing an additional 2,966 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its holdings in shares of Carrier Global by 2.0% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 317,700 shares of the company’s stock valued at $21,686,000 after purchasing an additional 6,100 shares during the period. Finally, National Pension Service boosted its position in shares of Carrier Global by 14.4% during the 4th quarter. National Pension Service now owns 2,171,233 shares of the company’s stock worth $148,208,000 after purchasing an additional 272,494 shares in the last quarter. 91.00% of the stock is owned by institutional investors.

Carrier Global Stock Down 3.1 %

Shares of NYSE:CARR opened at $64.04 on Friday. The company has a market capitalization of $55.61 billion, a PE ratio of 10.20, a price-to-earnings-growth 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. 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 fifty day moving average price of $67.23 and a two-hundred day moving average price of $72.33.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 EPS for the quarter, topping the consensus estimate 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 business earned $0.53 EPS. Analysts forecast that Carrier Global Co. will post 2.99 earnings per share for the current year.

Carrier Global Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, December 20th were given a $0.225 dividend. This is an increase from Carrier Global’s previous quarterly dividend of $0.19. This represents a $0.90 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date was Friday, December 20th. Carrier Global’s dividend payout ratio (DPR) is currently 14.33%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on CARR shares. Barclays decreased their target price on Carrier Global from $90.00 to $87.00 and set an “overweight” rating for the company in a research report on Wednesday, February 12th. Mizuho raised Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 target price on the stock in a research report on Friday, February 14th. Wolfe Research upgraded Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a report on Monday. Northcoast Research assumed coverage on shares of Carrier Global in a research note on Friday, November 22nd. They set a “neutral” rating for the company. Finally, UBS Group raised shares of Carrier Global from a “neutral” rating to a “buy” rating and set a $94.00 price objective 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $82.47.

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.