Fisher Asset Management LLC Boosts Stock Holdings in Carrier Global Co. (NYSE:CARR)

Fisher Asset Management LLC raised its holdings in Carrier Global Co. (NYSE:CARR) by 0.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,313,331 shares of the company’s stock after purchasing an additional 46,222 shares during the period. Fisher Asset Management LLC owned 1.60% of Carrier Global worth $977,028,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. FSA Wealth Management LLC bought a new position in shares of Carrier Global in the third quarter valued at approximately $28,000. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Carrier Global in the fourth quarter valued at approximately $31,000. Coastline Trust Co bought a new position in shares of Carrier Global in the third quarter valued at approximately $37,000. Capital Performance Advisors LLP bought a new position in shares of Carrier Global in the third quarter valued at approximately $44,000. Finally, Roxbury Financial LLC bought a new position in shares of Carrier Global in the fourth quarter valued at approximately $49,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Royal Bank of Canada cut 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 report on Wednesday, February 12th. UBS Group upgraded shares of Carrier Global from a “neutral” rating to a “buy” rating and set a $94.00 price objective for the company in a research report on Wednesday, November 13th. Mizuho upgraded shares of Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price objective for the company in a research report on Friday, February 14th. Citigroup dropped 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 report on Monday, January 13th. Finally, Wells Fargo & Company dropped 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. Six equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $82.47.

Carrier Global Trading Up 1.1 %

Shares of CARR opened at $64.81 on Friday. The firm has a market cap of $56.00 billion, a price-to-earnings ratio of 10.32, a PEG ratio of 2.01 and a beta of 1.35. 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 Co. has a fifty-two week low of $53.33 and a fifty-two week high of $83.32. The firm has a 50 day moving average price of $67.15 and a 200-day moving average price of $72.33.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates 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 last year, the business posted $0.53 earnings per share. As a group, equities research analysts forecast that Carrier Global Co. will post 2.99 earnings per share for the current year.

Carrier Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, December 20th were issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.39%. This is a positive change from Carrier Global’s previous quarterly dividend of $0.19. The ex-dividend date was Friday, December 20th. Carrier Global’s payout ratio is presently 14.33%.

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.