Bradley & Co. Private Wealth Management LLC Makes New Investment in Carrier Global Co. (NYSE:CARR)

Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Carrier Global Co. (NYSE:CARR) in the fourth quarter, Holdings Channel.com reports. The fund acquired 460 shares of the company’s stock, valued at approximately $31,000.

Several other large investors have also modified their holdings of CARR. FSA Wealth Management LLC purchased a new stake in shares of Carrier Global during the third quarter valued at $28,000. Coastline Trust Co acquired a new stake in Carrier Global during the 3rd quarter worth about $37,000. Capital Performance Advisors LLP purchased a new stake in Carrier Global during the third quarter valued at about $44,000. Roxbury Financial LLC acquired a new position in shares of Carrier Global in the fourth quarter worth about $49,000. Finally, Centricity Wealth Management LLC acquired a new stake in Carrier Global during the 4th quarter valued at $49,000. 91.00% of the stock is owned by institutional investors.

Analyst Ratings Changes

CARR has been the subject of several recent analyst reports. The Goldman Sachs Group assumed coverage on Carrier Global in a research report on Thursday, December 12th. They issued a “buy” rating and a $96.00 target price for the company. Mizuho upgraded Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 target price on the stock in a report on Friday, February 14th. JPMorgan Chase & Co. decreased their price target on shares of Carrier Global from $83.00 to $77.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Wolfe Research raised shares of Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research report on Monday. Finally, Royal Bank of Canada cut their target price on shares of Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Six equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $82.47.

Carrier Global Stock Performance

NYSE CARR opened at $67.03 on Wednesday. Carrier Global Co. has a twelve month low of $53.33 and a twelve month high of $83.32. The company has a quick ratio of 0.96, a current ratio of 1.25 and a debt-to-equity ratio of 0.77. The stock has a market cap of $58.21 billion, a P/E ratio of 10.67, a PEG ratio of 2.01 and a beta of 1.35. The company’s 50-day simple moving average is $67.30 and its 200 day simple moving average is $72.43.

Carrier Global (NYSE:CARR) last issued its earnings results 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 return on equity of 18.82% and a net margin of 23.83%. During the same period in the previous year, the firm posted $0.53 earnings per share. As a group, research analysts forecast that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Carrier Global Increases Dividend

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

Carrier Global Company 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.