Carrier Global Co. (NYSE:CARR) Shares Sold by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. cut its stake in Carrier Global Co. (NYSE:CARR) by 6.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,506 shares of the company’s stock after selling 554 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Carrier Global were worth $512,000 as of its most recent SEC filing.

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

Carrier Global Price Performance

CARR stock opened at $63.11 on Tuesday. 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 firm has a market capitalization of $54.53 billion, a P/E ratio of 10.05, a P/E/G ratio of 2.01 and a beta of 1.35. The business’s 50-day moving average is $67.04 and its two-hundred day moving average is $72.39. Carrier Global Co. has a 1 year low of $53.33 and a 1 year high of $83.32.

Carrier Global (NYSE:CARR) last posted its quarterly 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 return on equity of 18.82% and a net margin of 23.83%. During the same period last year, the company posted $0.53 EPS. Analysts anticipate that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Carrier Global Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, December 20th were given a $0.225 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.90 dividend on an annualized basis and a yield of 1.43%. This is a positive change from Carrier Global’s previous quarterly dividend of $0.19. Carrier Global’s dividend payout ratio (DPR) is currently 14.33%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Citigroup lowered their price target on Carrier Global from $94.00 to $90.00 and set a “buy” rating for the company in a report on Monday, January 13th. Northcoast Research assumed coverage on Carrier Global in a report on Friday, November 22nd. They set a “neutral” rating for the company. Royal Bank of Canada lowered 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. The Goldman Sachs Group assumed coverage on Carrier Global in a report on Thursday, December 12th. They set a “buy” rating and a $96.00 price target for the company. Finally, UBS Group upgraded Carrier Global from a “neutral” rating to a “buy” rating and set a $94.00 price target for the company in a report on Wednesday, November 13th. Six investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.