Sigma Planning Corp Purchases 194 Shares of Carrier Global Co. (NYSE:CARR)

Sigma Planning Corp boosted its holdings in Carrier Global Co. (NYSE:CARR) by 1.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 12,923 shares of the company’s stock after buying an additional 194 shares during the period. Sigma Planning Corp’s holdings in Carrier Global were worth $882,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. FSA Wealth Management LLC purchased a new stake in shares of Carrier Global during the third quarter worth about $28,000. Coastline Trust Co purchased a new stake in Carrier Global during the 3rd quarter valued at approximately $37,000. Capital Performance Advisors LLP purchased a new stake in Carrier Global during the 3rd quarter valued at approximately $44,000. Roxbury Financial LLC bought a new stake in shares of Carrier Global during the fourth quarter valued at approximately $49,000. Finally, Centricity Wealth Management LLC purchased a new position in shares of Carrier Global in the fourth quarter worth $49,000. 91.00% of the stock is owned by institutional investors.

Carrier Global Stock Up 0.7 %

Shares of NYSE CARR opened at $67.03 on Wednesday. Carrier Global Co. has a 52-week low of $53.33 and a 52-week high of $83.32. The firm has a market capitalization of $58.21 billion, a price-to-earnings ratio of 10.67, a PEG ratio of 2.01 and a beta of 1.35. The stock has a 50 day moving average price of $67.30 and a 200 day moving average price of $72.43. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25.

Carrier Global (NYSE:CARR) last issued its earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.03. Carrier Global had a return on equity of 18.82% and a net margin of 23.83%. During the same period in the previous year, the business posted $0.53 earnings per share. Sell-side analysts expect that Carrier Global Co. will post 2.99 earnings per share for the current year.

Carrier Global Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, December 20th were issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 1.34%. This is a boost from Carrier Global’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Friday, December 20th. Carrier Global’s dividend payout ratio is presently 14.33%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Citigroup cut their target price on shares of Carrier Global from $94.00 to $90.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Wolfe Research upgraded Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research report on Monday. UBS Group upgraded Carrier Global from a “neutral” rating to a “buy” rating and set a $94.00 target price on the stock in a research report on Wednesday, November 13th. Northcoast Research started coverage on Carrier Global in a report on Friday, November 22nd. They set a “neutral” rating for the company. Finally, Mizuho raised Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price objective on the stock in a research note on Friday, February 14th. Six research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Carrier Global currently has an average rating of “Moderate Buy” and a consensus target price of $82.47.

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.