MSH Capital Advisors LLC Makes New $276,000 Investment in Carrier Global Co. (NYSE:CARR)

MSH Capital Advisors LLC acquired a new position in Carrier Global Co. (NYSE:CARR) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,050 shares of the company’s stock, valued at approximately $276,000.

Other institutional investors have also recently modified their holdings of the company. Morse Asset Management Inc purchased a new stake in shares of Carrier Global in the third quarter worth about $201,000. Wellington Management Group LLP grew its position in Carrier Global by 761.6% during the third quarter. Wellington Management Group LLP now owns 45,064 shares of the company’s stock valued at $3,627,000 after buying an additional 39,834 shares during the period. M&T Bank Corp increased its holdings in Carrier Global by 8.9% in the third quarter. M&T Bank Corp now owns 311,453 shares of the company’s stock valued at $25,069,000 after buying an additional 25,346 shares in the last quarter. Anchor Investment Management LLC grew its position in shares of Carrier Global by 6.6% during the 3rd quarter. Anchor Investment Management LLC now owns 5,745 shares of the company’s stock valued at $462,000 after acquiring an additional 355 shares during the period. Finally, Wilmington Savings Fund Society FSB raised its holdings in Carrier Global by 280.5% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 34,717 shares of the company’s stock worth $2,794,000 after purchasing an additional 25,594 shares during the period. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Carrier Global Price Performance

Shares of CARR opened at $59.29 on Thursday. The firm has a 50-day simple moving average of $64.00 and a two-hundred day simple moving average of $69.97. The stock has a market cap of $51.23 billion, a PE ratio of 9.44, a P/E/G ratio of 2.01 and a beta of 1.33. Carrier Global Co. has a 1-year low of $53.33 and a 1-year high of $83.32. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96.

Carrier Global (NYSE:CARR) last posted its earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate 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 firm posted $0.53 earnings per share. As a group, analysts forecast that Carrier Global Co. will post 2.99 EPS for the current year.

Carrier Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Friday, May 2nd will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend is Friday, May 2nd. Carrier Global’s payout ratio is 14.33%.

Analyst Ratings Changes

Several research firms have issued reports on CARR. Mizuho raised shares of Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price objective on the stock in a report on Friday, February 14th. Citigroup decreased their target price on Carrier Global from $89.00 to $72.00 and set a “buy” rating on the stock in a research report on Monday. JPMorgan Chase & Co. decreased their price objective on Carrier Global from $78.00 to $64.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Wells Fargo & Company reduced their target price on shares of Carrier Global from $75.00 to $70.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. Finally, Royal Bank of Canada dropped their price objective on shares of Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $80.13.

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.