Carrier Global Co. (NYSE:CARR) Position Raised by Townsquare Capital LLC

Townsquare Capital LLC raised its position in shares of Carrier Global Co. (NYSE:CARR) by 18.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,287 shares of the company’s stock after purchasing an additional 2,950 shares during the quarter. Townsquare Capital LLC’s holdings in Carrier Global were worth $1,317,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of CARR. Heritage Trust Co acquired a new position in Carrier Global during the fourth quarter worth about $354,000. Bank of Hawaii grew its stake in shares of Carrier Global by 1.3% in the 4th quarter. Bank of Hawaii now owns 14,910 shares of the company’s stock worth $1,018,000 after purchasing an additional 191 shares during the last quarter. Scotia Capital Inc. raised its holdings in shares of Carrier Global by 3.7% in the 4th quarter. Scotia Capital Inc. now owns 12,754 shares of the company’s stock worth $871,000 after purchasing an additional 450 shares in the last quarter. Bessemer Group Inc. lifted its stake in Carrier Global by 1.1% during the fourth quarter. Bessemer Group Inc. now owns 24,868 shares of the company’s stock valued at $1,697,000 after purchasing an additional 276 shares during the last quarter. Finally, Texas Yale Capital Corp. boosted its holdings in Carrier Global by 18.4% during the fourth quarter. Texas Yale Capital Corp. now owns 4,318 shares of the company’s stock worth $295,000 after buying an additional 670 shares in the last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Carrier Global Price Performance

Shares of CARR stock opened at $59.87 on Friday. Carrier Global Co. has a 52 week low of $53.33 and a 52 week high of $83.32. The stock has a market capitalization of $51.73 billion, a PE ratio of 9.53, a PEG ratio of 2.01 and a beta of 1.33. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25. The stock’s fifty day moving average is $63.87 and its 200-day moving average is $69.82.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data 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 previous year, the firm posted $0.53 earnings per share. Equities research analysts expect that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Friday, May 2nd will be given a $0.225 dividend. The ex-dividend date is Friday, May 2nd. This represents a $0.90 dividend on an annualized basis and a yield of 1.50%. Carrier Global’s payout ratio is 14.33%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. cut their price objective on Carrier Global from $78.00 to $64.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Wolfe Research raised Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 target price for the company in a report on Monday, February 24th. Mizuho raised Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price target on the stock in a research note on Friday, February 14th. Royal Bank of Canada reduced 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. Finally, Citigroup dropped their target price on shares of Carrier Global from $89.00 to $72.00 and set a “buy” rating on the stock in a research report on Monday. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.13.

Carrier Global 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.