Fiduciary Trust Co Buys 3,267 Shares of Carrier Global Co. (NYSE:CARR)

Fiduciary Trust Co raised its position in shares of Carrier Global Co. (NYSE:CARR) by 3.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 88,103 shares of the company’s stock after purchasing an additional 3,267 shares during the period. Fiduciary Trust Co’s holdings in Carrier Global were worth $6,014,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. UMB Bank n.a. grew its stake in Carrier Global by 1.1% in the 4th quarter. UMB Bank n.a. now owns 13,293 shares of the company’s stock valued at $907,000 after buying an additional 143 shares in the last quarter. Chicago Partners Investment Group LLC boosted its holdings in shares of Carrier Global by 2.6% in the fourth quarter. Chicago Partners Investment Group LLC now owns 5,887 shares of the company’s stock worth $403,000 after acquiring an additional 147 shares during the period. Hanson & Doremus Investment Management grew its position in shares of Carrier Global by 6.2% in the fourth quarter. Hanson & Doremus Investment Management now owns 2,572 shares of the company’s stock valued at $176,000 after purchasing an additional 150 shares in the last quarter. Syon Capital LLC raised its stake in shares of Carrier Global by 2.2% during the 4th quarter. Syon Capital LLC now owns 7,089 shares of the company’s stock valued at $484,000 after purchasing an additional 155 shares during the period. Finally, BOK Financial Private Wealth Inc. lifted its holdings in Carrier Global by 80.0% during the 4th quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock worth $25,000 after purchasing an additional 160 shares in the last quarter. 91.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CARR has been the topic of several analyst reports. Northcoast Research upgraded Carrier Global from a “neutral” rating to a “buy” rating and set a $85.00 price target on the stock in a research report on Friday. Barclays upped their target price on shares of Carrier Global from $83.00 to $84.00 and gave the stock an “overweight” rating in a report on Wednesday. Mizuho set a $72.00 price target on shares of Carrier Global in a report on Tuesday, April 22nd. Wells Fargo & Company upped their price target on shares of Carrier Global from $65.00 to $75.00 and gave the stock an “equal weight” rating in a report on Monday, May 5th. Finally, Wolfe Research raised 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, February 24th. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Carrier Global currently has an average rating of “Moderate Buy” and an average target price of $81.53.

Carrier Global Stock Performance

Shares of NYSE CARR opened at $71.44 on Friday. The stock’s 50-day moving average is $63.72 and its 200 day moving average is $68.02. The stock has a market cap of $61.25 billion, a price-to-earnings ratio of 11.38, a P/E/G ratio of 2.01 and a beta of 1.33. Carrier Global Co. has a 1-year low of $54.22 and a 1-year high of $83.32. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.07. Carrier Global had a net margin of 23.83% and a return on equity of 18.82%. The firm had revenue of $5.22 billion during the quarter, compared to analyst estimates of $5.17 billion. During the same period in the previous year, the business posted $0.51 EPS. The business’s quarterly revenue was down 3.7% on a year-over-year basis. On average, sell-side analysts anticipate that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Friday, May 2nd will be issued a $0.225 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $0.90 annualized dividend and a dividend yield of 1.26%. Carrier Global’s dividend payout ratio is currently 13.93%.

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.