Pettyjohn Wood & White Inc. Purchases 3,040 Shares of Carrier Global Co. (NYSE:CARR)

Pettyjohn Wood & White Inc. boosted its stake in Carrier Global Co. (NYSE:CARR) by 25.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,178 shares of the company’s stock after purchasing an additional 3,040 shares during the quarter. Pettyjohn Wood & White Inc.’s holdings in Carrier Global were worth $1,036,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CARR. FSA Wealth Management LLC bought a new stake in shares of Carrier Global during the 3rd quarter worth approximately $28,000. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Carrier Global during the fourth quarter worth $31,000. Coastline Trust Co bought a new position in Carrier Global in the third quarter valued at about $37,000. Capital Performance Advisors LLP bought a new position in Carrier Global in the 3rd quarter valued at approximately $44,000. Finally, Roxbury Financial LLC acquired a new stake in Carrier Global during the 4th quarter worth approximately $49,000. Institutional investors own 91.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Mizuho raised shares of Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price target for the company in a research note on Friday, February 14th. Northcoast Research assumed coverage on Carrier Global in a report on Friday, November 22nd. They set a “neutral” rating on the stock. Citigroup cut 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. UBS Group raised 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. Finally, Wolfe Research upgraded shares of Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research note on Monday. Six investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.47.

Carrier Global Price Performance

Carrier Global stock opened at $64.04 on Friday. 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 $55.61 billion, a P/E ratio of 10.20, a P/E/G ratio of 2.01 and a beta of 1.35. The company’s 50 day moving average price is $67.23 and its two-hundred day moving average price is $72.33. Carrier Global Co. has a 52 week low of $53.33 and a 52 week high of $83.32.

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 firm earned $0.53 earnings per share. On average, equities analysts predict that Carrier Global Co. will post 2.99 earnings per share for the current year.

Carrier Global Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, December 20th were issued a $0.225 dividend. The ex-dividend date was Friday, December 20th. This represents a $0.90 annualized dividend and a yield of 1.41%. This is a positive change from Carrier Global’s previous quarterly dividend of $0.19. 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.