Compass Capital Corp MA ADV Makes New $716,000 Investment in Carrier Global Co. (NYSE:CARR)

Compass Capital Corp MA ADV acquired a new position in Carrier Global Co. (NYSE:CARR) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 10,126 shares of the company’s stock, valued at approximately $716,000.

A number of other large investors have also modified their holdings of the company. Foundations Investment Advisors LLC raised its position in shares of Carrier Global by 2.9% during the 3rd quarter. Foundations Investment Advisors LLC now owns 5,779 shares of the company’s stock worth $465,000 after purchasing an additional 163 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in shares of Carrier Global by 12.2% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 14,697 shares of the company’s stock worth $1,183,000 after purchasing an additional 1,600 shares during the last quarter. Commerzbank Aktiengesellschaft FI acquired a new position in shares of Carrier Global during the 3rd quarter worth about $255,000. Greenleaf Trust raised its position in shares of Carrier Global by 1.1% during the 3rd quarter. Greenleaf Trust now owns 23,204 shares of the company’s stock worth $1,868,000 after purchasing an additional 256 shares during the last quarter. Finally, Capital Investment Counsel Inc acquired a new position in shares of Carrier Global during the 3rd quarter worth about $249,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Stock Performance

Carrier Global stock opened at $67.00 on Friday. The firm has a 50 day simple moving average of $67.60 and a 200-day simple moving average of $72.26. 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 stock has a market cap of $58.18 billion, a price-to-earnings ratio of 10.67, a price-to-earnings-growth ratio of 1.94 and a beta of 1.35.

Carrier Global (NYSE:CARR) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share for the quarter, beating 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 in the previous year, the business posted $0.53 earnings per share. On average, analysts expect that Carrier Global Co. will post 2.98 EPS for the current year.

Carrier Global declared that its Board of Directors has approved a stock repurchase program on Thursday, October 24th that authorizes the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 4.6% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

Carrier Global Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, December 20th were paid a $0.225 dividend. This is a boost from Carrier Global’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.90 annualized dividend and a dividend yield of 1.34%. Carrier Global’s dividend payout ratio is 14.33%.

Wall Street Analyst Weigh In

CARR has been the subject of several research analyst reports. UBS Group upgraded shares of Carrier Global from a “neutral” rating to a “buy” rating and set a $94.00 price target for the company in a research report on Wednesday, November 13th. Citigroup reduced their price target 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. Robert W. Baird dropped their price objective on shares of Carrier Global from $88.00 to $86.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. 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, Royal Bank of Canada dropped their price objective on shares of Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. Seven equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $82.64.

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.