Carrier Global (NYSE:CARR) Upgraded at Wolfe Research

Wolfe Research upgraded shares of Carrier Global (NYSE:CARR) from a peer perform rating to an outperform rating in a report issued on Monday morning, MarketBeat.com reports. The brokerage currently has $80.00 target price on the stock.

CARR has been the topic of several other reports. Stephens decreased their price target on shares of Carrier Global from $85.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Monday, October 28th. JPMorgan Chase & Co. lowered their target price on Carrier Global from $83.00 to $77.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Citigroup reduced their price target on Carrier Global from $94.00 to $90.00 and set a “buy” rating for the company in a research report on Monday, January 13th. UBS Group raised Carrier Global from a “neutral” rating to a “buy” rating and set a $94.00 price objective on the stock in a research note on Wednesday, November 13th. Finally, Royal Bank of Canada cut their price objective on Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. Six investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $82.47.

Carrier Global Stock Performance

Shares of NYSE CARR opened at $66.10 on Monday. The company has a market cap of $57.40 billion, a PE ratio of 10.53, a PEG ratio of 2.01 and a beta of 1.35. The firm’s 50-day moving average price is $67.28 and its 200-day moving average price is $72.38. Carrier Global has a 52-week low of $53.33 and a 52-week 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.

Carrier Global (NYSE:CARR) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 EPS 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 period last year, the company earned $0.53 earnings per share. As a group, analysts anticipate that Carrier Global will post 2.99 EPS for the current year.

Carrier Global Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, December 20th were paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 1.36%. 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. Carrier Global’s dividend payout ratio (DPR) is presently 14.33%.

Institutional Trading of Carrier Global

Hedge funds have recently bought and sold shares of the stock. BOK Financial Private Wealth Inc. lifted its position in shares of Carrier Global by 80.0% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock worth $25,000 after buying an additional 160 shares in the last quarter. Ritter Daniher Financial Advisory LLC DE increased its stake in Carrier Global by 90.0% in the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 380 shares of the company’s stock worth $26,000 after acquiring an additional 180 shares during the last quarter. FSA Wealth Management LLC purchased a new stake in shares of Carrier Global during the 3rd quarter worth approximately $28,000. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Carrier Global during the 4th quarter valued at approximately $31,000. Finally, Meeder Asset Management Inc. boosted its position in shares of Carrier Global by 236.1% during the 4th quarter. Meeder Asset Management Inc. now owns 484 shares of the company’s stock valued at $33,000 after acquiring an additional 340 shares during the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

About Carrier Global

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.