Centricity Wealth Management LLC Takes $49,000 Position in Carrier Global Co. (NYSE:CARR)

Centricity Wealth Management LLC purchased a new position in shares of Carrier Global Co. (NYSE:CARR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 711 shares of the company’s stock, valued at approximately $49,000.

Several other large investors also recently modified their holdings of CARR. FSA Wealth Management LLC acquired a new position in shares of Carrier Global in the 3rd quarter valued at approximately $28,000. Coastline Trust Co acquired a new position in Carrier Global during the third quarter valued at approximately $37,000. Capital Performance Advisors LLP acquired a new position in Carrier Global during the third quarter valued at approximately $44,000. Roxbury Financial LLC bought a new stake in Carrier Global during the fourth quarter worth $49,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Carrier Global in the 3rd quarter valued at $50,000. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global Stock Performance

Shares of Carrier Global stock opened at $66.10 on Friday. The stock has a market cap of $57.39 billion, a price-to-earnings ratio of 10.52, a P/E/G ratio of 1.97 and a beta of 1.35. The company has a quick ratio of 0.96, a current ratio of 1.25 and a debt-to-equity ratio of 0.77. Carrier Global Co. has a twelve month low of $53.33 and a twelve month high of $83.32. The company’s fifty day moving average is $67.46 and its 200 day moving average is $72.27.

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, beating the consensus estimate 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 in the previous year, the business earned $0.53 earnings per share. Sell-side analysts forecast that Carrier Global Co. will post 2.99 EPS for the current year.

Carrier Global Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, December 20th were issued a dividend of $0.225 per share. This is a positive change 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 yield of 1.36%. Carrier Global’s dividend payout ratio (DPR) is presently 14.33%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CARR. The Goldman Sachs Group began 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. JPMorgan Chase & Co. lowered their target price on Carrier Global from $83.00 to $77.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Robert W. Baird reduced their price target on shares of Carrier Global from $88.00 to $86.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Wells Fargo & Company lowered their price objective on shares of Carrier Global from $75.00 to $70.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. Finally, UBS Group upgraded shares of Carrier Global from a “neutral” rating to a “buy” rating and set a $94.00 target price on the stock in a research report on Wednesday, November 13th. Seven analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Carrier Global has an average rating of “Moderate Buy” and a consensus price target 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.