Carrier Global Co. (NYSE:CARR) Shares Purchased by Catalyst Financial Partners LLC

Catalyst Financial Partners LLC increased its position in shares of Carrier Global Co. (NYSE:CARR) by 6.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,698 shares of the company’s stock after acquiring an additional 210 shares during the period. Catalyst Financial Partners LLC’s holdings in Carrier Global were worth $252,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. FSA Wealth Management LLC purchased a new position in shares of Carrier Global in the 3rd quarter valued at about $28,000. McClarren Financial Advisors Inc. increased its holdings in shares of Carrier Global by 246.0% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 436 shares of the company’s stock valued at $35,000 after acquiring an additional 310 shares during the last quarter. Coastline Trust Co purchased a new position in shares of Carrier Global in the 3rd quarter valued at about $37,000. Capital Performance Advisors LLP purchased a new position in shares of Carrier Global in the 3rd quarter valued at about $44,000. Finally, Ashton Thomas Securities LLC purchased a new position in shares of Carrier Global in the 3rd quarter valued at about $50,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Up 2.4 %

Carrier Global stock opened at $65.19 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.82 and a debt-to-equity ratio of 0.69. The stock has a 50 day moving average of $68.34 and a two-hundred day moving average of $72.28. The stock has a market capitalization of $58.49 billion, a price-to-earnings ratio of 16.50, a PEG ratio of 2.11 and a beta of 1.35. Carrier Global Co. has a twelve month low of $53.13 and a twelve month high of $83.32.

Carrier Global (NYSE:CARR) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.51 by $0.03. Carrier Global had a return on equity of 20.52% and a net margin of 14.98%. During the same period in the previous year, the company posted $0.53 earnings per share. As a group, research analysts expect that Carrier Global Co. will post 2.52 earnings per share for the current year.

Carrier Global Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, December 20th were issued a $0.225 dividend. This is a boost from Carrier Global’s previous quarterly dividend of $0.19. This represents a $0.90 annualized dividend and a dividend yield of 1.38%. The ex-dividend date was Friday, December 20th. Carrier Global’s dividend payout ratio (DPR) is currently 22.78%.

Carrier Global announced that its board has approved a stock repurchase plan on Thursday, October 24th that allows the company to repurchase $3.00 billion in shares. This repurchase authorization allows the company to repurchase up to 4.6% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CARR shares. Stephens dropped their price objective on Carrier Global from $85.00 to $80.00 and set an “equal weight” rating on the stock in a report on Monday, October 28th. Royal Bank of Canada dropped their price target on Carrier Global from $86.00 to $76.00 and set an “outperform” rating on the stock in a research note on Wednesday. UBS Group upgraded Carrier Global from a “neutral” rating to a “buy” rating and set a $94.00 price target on the stock in a research note on Wednesday, November 13th. The Goldman Sachs Group began coverage on Carrier Global in a research note on Thursday, December 12th. They set a “buy” rating and a $96.00 price target on the stock. Finally, Bank of America raised their price target on Carrier Global from $80.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Seven research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $82.64.

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.