Snowden Capital Advisors LLC Acquires 232 Shares of Carrier Global Co. (NYSE:CARR)

Snowden Capital Advisors LLC raised its holdings in shares of Carrier Global Co. (NYSE:CARR) by 0.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 71,861 shares of the company’s stock after buying an additional 232 shares during the period. Snowden Capital Advisors LLC’s holdings in Carrier Global were worth $4,921,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in CARR. SeaCrest Wealth Management LLC grew its stake in shares of Carrier Global by 52.0% during the 4th quarter. SeaCrest Wealth Management LLC now owns 4,963 shares of the company’s stock worth $339,000 after acquiring an additional 1,697 shares in the last quarter. Park Avenue Securities LLC grew its stake in shares of Carrier Global by 56.7% during the 4th quarter. Park Avenue Securities LLC now owns 30,420 shares of the company’s stock worth $2,076,000 after acquiring an additional 11,008 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Carrier Global by 34.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,584 shares of the company’s stock worth $108,000 after acquiring an additional 407 shares in the last quarter. Avanza Fonder AB bought a new position in shares of Carrier Global during the 4th quarter worth approximately $5,219,000. Finally, Boston Common Asset Management LLC grew its stake in shares of Carrier Global by 0.3% during the 4th quarter. Boston Common Asset Management LLC now owns 306,196 shares of the company’s stock worth $20,901,000 after acquiring an additional 1,022 shares in the last quarter. 91.00% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CARR shares. JPMorgan Chase & Co. raised their price target on shares of Carrier Global from $66.00 to $79.00 and gave the stock an “overweight” rating in a research note on Friday. Wolfe Research raised shares of Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 target price for the company in a research note on Monday, February 24th. Wells Fargo & Company raised their target price on shares of Carrier Global from $65.00 to $75.00 and gave the company an “equal weight” rating in a research note on Monday, May 5th. Royal Bank of Canada raised their target price on shares of Carrier Global from $71.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, May 2nd. Finally, Barclays raised their target price on shares of Carrier Global from $83.00 to $84.00 and gave the company an “overweight” rating in a research note on Wednesday, May 7th. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $82.53.

Carrier Global Trading Up 2.9%

Shares of Carrier Global stock opened at $75.63 on Friday. The business has a fifty day simple moving average of $64.53 and a two-hundred day simple moving average of $67.98. Carrier Global Co. has a 1 year low of $54.22 and a 1 year high of $83.32. The company has a market capitalization of $64.83 billion, a price-to-earnings ratio of 12.04, a P/E/G ratio of 2.01 and a beta of 1.33. 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 announced its quarterly earnings results on Thursday, May 1st. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.07. Carrier Global had a return on equity of 18.82% and a net margin of 23.83%. The business had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $5.17 billion. During the same quarter last year, the firm posted $0.51 EPS. The company’s quarterly revenue was down 3.7% on a year-over-year basis. Research analysts forecast that Carrier Global Co. will post 2.99 EPS for the current year.

Carrier Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Friday, May 2nd will be issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend is Friday, May 2nd. Carrier Global’s dividend payout ratio is 13.93%.

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.