Aigen Investment Management LP Buys New Position in Carrier Global Co. (NYSE:CARR)

Aigen Investment Management LP acquired a new stake in Carrier Global Co. (NYSE:CARR) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 31,913 shares of the company’s stock, valued at approximately $2,178,000.

A number of other institutional investors have also modified their holdings of CARR. FSA Wealth Management LLC purchased a new stake in shares of Carrier Global during the 3rd quarter worth $28,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of Carrier Global during the 4th quarter worth approximately $31,000. Coastline Trust Co acquired a new stake in shares of Carrier Global in the 3rd quarter worth approximately $37,000. Capital Performance Advisors LLP purchased a new position in Carrier Global in the 3rd quarter valued at approximately $44,000. Finally, Roxbury Financial LLC acquired a new position in Carrier Global during the fourth quarter worth $49,000. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global Trading Down 1.9 %

NYSE:CARR opened at $62.04 on Wednesday. The stock has a market cap of $53.60 billion, a price-to-earnings ratio of 9.88, a PEG ratio of 2.01 and a beta of 1.35. The business has a fifty day moving average of $66.89 and a 200-day moving average of $72.35. 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 quick ratio of 0.96 and a current ratio of 1.25.

Carrier Global (NYSE:CARR) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share 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 company posted $0.53 earnings per share. Equities analysts predict that Carrier Global Co. will post 2.99 earnings per share for the current year.

Carrier Global Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, December 20th were issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 1.45%. 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 is currently 14.33%.

Analysts Set New Price Targets

Several analysts have recently commented on CARR shares. Northcoast Research assumed coverage on shares of Carrier Global in a research report on Friday, November 22nd. They issued a “neutral” rating on the stock. Royal Bank of Canada decreased their price target on shares of Carrier Global from $86.00 to $76.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Mizuho raised shares of Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price objective on the stock in a research note on Friday, February 14th. JPMorgan Chase & Co. lowered their target price on shares of Carrier Global from $83.00 to $77.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Finally, UBS Group raised Carrier Global from a “neutral” rating to a “buy” rating and set a $94.00 price target on the stock in a research note on Wednesday, November 13th. Six research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Carrier Global presently has an average rating of “Moderate Buy” and a consensus target price of $82.47.

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.