Charles Schwab Investment Management Inc. Acquires 92,975 Shares of Carrier Global Co. (NYSE:CARR)

Charles Schwab Investment Management Inc. raised its stake in shares of Carrier Global Co. (NYSE:CARR) by 2.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,837,382 shares of the company’s stock after purchasing an additional 92,975 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Carrier Global were worth $330,200,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CARR. Farther Finance Advisors LLC boosted its stake in shares of Carrier Global by 4.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 7,198 shares of the company’s stock valued at $579,000 after purchasing an additional 294 shares during the last quarter. QRG Capital Management Inc. lifted its holdings in Carrier Global by 8.9% in the third quarter. QRG Capital Management Inc. now owns 67,272 shares of the company’s stock valued at $5,415,000 after buying an additional 5,512 shares during the period. PDS Planning Inc bought a new stake in Carrier Global during the third quarter valued at $253,000. Amalgamated Bank grew its holdings in Carrier Global by 1.9% during the 3rd quarter. Amalgamated Bank now owns 172,439 shares of the company’s stock worth $13,880,000 after acquiring an additional 3,196 shares during the period. Finally, Crestwood Advisors Group LLC raised its position in shares of Carrier Global by 2.2% in the 3rd quarter. Crestwood Advisors Group LLC now owns 15,777 shares of the company’s stock worth $1,270,000 after acquiring an additional 341 shares in the last quarter. 91.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CARR shares. Mizuho upgraded Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 target price on the stock in a research report on Friday, February 14th. The Goldman Sachs Group began coverage on shares of Carrier Global in a research report on Thursday, December 12th. They set a “buy” rating and a $96.00 price objective for the company. 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. 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 report on Monday, January 13th. Finally, 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. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $82.53.

Carrier Global Stock Up 4.5 %

CARR stock opened at $64.86 on Thursday. The stock’s 50 day moving average is $66.80 and its 200-day moving average is $72.30. Carrier Global Co. has a twelve month low of $53.33 and a twelve month high of $83.32. The firm has a market capitalization of $56.03 billion, a PE ratio of 10.33, a P/E/G ratio of 2.01 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 (NYSE:CARR) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) 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 quarter in the prior year, the business posted $0.53 EPS. Sell-side analysts expect that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Carrier Global Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, December 20th were paid a $0.225 dividend. 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 1.39%. Carrier Global’s dividend payout ratio (DPR) 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.