Advisor OS LLC Has $943,000 Stake in Carrier Global Co. (NYSE:CARR)

Advisor OS LLC grew its holdings in shares of Carrier Global Co. (NYSE:CARR) by 25.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,813 shares of the company’s stock after acquiring an additional 2,825 shares during the period. Advisor OS LLC’s holdings in Carrier Global were worth $943,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in CARR. Lake Street Advisors Group LLC grew its stake in Carrier Global by 0.8% during the fourth quarter. Lake Street Advisors Group LLC now owns 20,128 shares of the company’s stock worth $1,378,000 after purchasing an additional 169 shares during the period. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Carrier Global during the 4th quarter worth approximately $31,000. Canton Hathaway LLC grew its position in shares of Carrier Global by 11.1% during the 4th quarter. Canton Hathaway LLC now owns 5,000 shares of the company’s stock worth $341,000 after buying an additional 500 shares during the period. Gray Foundation bought a new stake in shares of Carrier Global in the 4th quarter valued at $758,000. Finally, Pine Valley Investments Ltd Liability Co lifted its position in shares of Carrier Global by 57.2% during the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 8,251 shares of the company’s stock valued at $563,000 after acquiring an additional 3,003 shares during the period. 91.00% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. reduced 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. The Goldman Sachs Group started coverage on Carrier Global in a research note on Thursday, December 12th. They issued a “buy” rating and a $96.00 target price for the company. Barclays dropped their price target on Carrier Global from $90.00 to $87.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 12th. Northcoast Research assumed coverage on Carrier Global in a research note on Friday, November 22nd. They issued a “neutral” rating for the company. Finally, Citigroup lowered their target price on Carrier Global from $94.00 to $90.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Six investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Carrier Global has a consensus rating of “Moderate Buy” and an average price target of $82.47.

Carrier Global Stock Performance

Shares of CARR stock opened at $67.03 on Wednesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96. The firm has a 50-day moving average of $67.30 and a 200-day moving average of $72.43. Carrier Global Co. has a one year low of $53.33 and a one year high of $83.32. The company has a market cap of $58.21 billion, a P/E ratio of 10.67, a P/E/G ratio of 2.01 and a beta of 1.35.

Carrier Global (NYSE:CARR) last issued 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 period in the prior year, the business posted $0.53 earnings per share. Equities research analysts forecast that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Carrier Global Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 7th. Investors 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. This represents a $0.90 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date was Friday, December 20th. Carrier Global’s dividend payout ratio (DPR) is 14.33%.

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.