Smartleaf Asset Management LLC Has $372,000 Stock Position in Carrier Global Co. (NYSE:CARR)

Smartleaf Asset Management LLC lifted its stake in Carrier Global Co. (NYSE:CARR) by 35.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,456 shares of the company’s stock after purchasing an additional 1,430 shares during the period. Smartleaf Asset Management LLC’s holdings in Carrier Global were worth $372,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. RFG Advisory LLC raised its holdings in Carrier Global by 36.2% in the fourth quarter. RFG Advisory LLC now owns 7,170 shares of the company’s stock worth $489,000 after purchasing an additional 1,904 shares during the period. Princeton Global Asset Management LLC raised its stake in Carrier Global by 1,156.1% during the 4th quarter. Princeton Global Asset Management LLC now owns 20,663 shares of the company’s stock worth $1,410,000 after buying an additional 19,018 shares during the period. Daiwa Securities Group Inc. lifted its holdings in Carrier Global by 12.3% during the third quarter. Daiwa Securities Group Inc. now owns 100,440 shares of the company’s stock worth $8,084,000 after acquiring an additional 11,032 shares in the last quarter. Cerity Partners LLC lifted its holdings in Carrier Global by 39.0% during the third quarter. Cerity Partners LLC now owns 136,821 shares of the company’s stock worth $11,013,000 after acquiring an additional 38,365 shares in the last quarter. Finally, Miracle Mile Advisors LLC acquired a new position in Carrier Global in the fourth quarter valued at about $2,213,000. 91.00% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CARR has been the topic of a number of research analyst reports. Northcoast Research initiated coverage on Carrier Global in a research report on Friday, November 22nd. They set a “neutral” rating on the stock. Royal Bank of Canada dropped their target price on shares of Carrier Global from $86.00 to $76.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. Wolfe Research upgraded shares of Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price target for the company in a report on Monday, February 24th. Barclays dropped their price objective on shares of Carrier Global from $90.00 to $87.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. Finally, Wells Fargo & Company cut their price objective on shares of Carrier Global from $75.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 12th. 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 company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $82.47.

Carrier Global Price Performance

NYSE:CARR opened at $62.04 on Wednesday. Carrier Global Co. has a 52-week low of $53.33 and a 52-week high of $83.32. The company has a market cap of $53.60 billion, a P/E ratio of 9.88, a P/E/G ratio of 2.01 and a beta of 1.35. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25. The stock’s 50-day simple moving average is $66.89 and its 200 day simple moving average is $72.35.

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, topping 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 quarter last year, the business posted $0.53 EPS. As a group, sell-side analysts forecast that Carrier Global Co. will post 2.99 EPS for the current fiscal 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 given a dividend of $0.225 per share. This is a positive change from Carrier Global’s previous quarterly dividend of $0.19. This represents a $0.90 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend was Friday, December 20th. Carrier Global’s dividend payout ratio is 14.33%.

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.