Gilman Hill Asset Management LLC Raises Position in Carrier Global Co. (NYSE:CARR)

Gilman Hill Asset Management LLC raised its stake in Carrier Global Co. (NYSE:CARR) by 2.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 53,670 shares of the company’s stock after purchasing an additional 1,121 shares during the quarter. Gilman Hill Asset Management LLC’s holdings in Carrier Global were worth $3,403,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BOK Financial Private Wealth Inc. raised its stake in shares of Carrier Global by 80.0% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock worth $25,000 after purchasing an additional 160 shares during the last quarter. Ritter Daniher Financial Advisory LLC DE raised its stake in shares of Carrier Global by 90.0% in the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 380 shares of the company’s stock worth $26,000 after purchasing an additional 180 shares during the last quarter. Park Square Financial Group LLC purchased a new stake in shares of Carrier Global in the fourth quarter worth approximately $28,000. Mattson Financial Services LLC purchased a new stake in shares of Carrier Global in the fourth quarter worth approximately $31,000. Finally, Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of Carrier Global in the fourth quarter worth approximately $31,000. 91.00% of the stock is owned by hedge funds and other institutional investors.

Carrier Global Price Performance

Shares of NYSE CARR opened at $71.48 on Thursday. The stock has a fifty day simple moving average of $65.96 and a two-hundred day simple moving average of $67.74. Carrier Global Co. has a 1-year low of $54.22 and a 1-year high of $83.32. The firm has a market cap of $61.28 billion, a price-to-earnings ratio of 11.38, a price-to-earnings-growth ratio of 2.01 and a beta of 1.33. 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 posted its quarterly earnings results on Thursday, May 1st. The company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.07. Carrier Global had a return on equity of 18.82% and a net margin of 23.83%. The firm had revenue of $5.22 billion during the quarter, compared to analyst estimates of $5.17 billion. During the same period last year, the company earned $0.51 earnings per share. The business’s revenue for the quarter was down 3.7% on a year-over-year basis. Analysts anticipate that Carrier Global Co. will post 2.99 earnings per share for the current year.

Carrier Global Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Friday, May 2nd were paid a $0.225 dividend. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $0.90 annualized dividend and a dividend yield of 1.26%. Carrier Global’s payout ratio is presently 13.93%.

Analysts Set New Price Targets

Several analysts have recently commented on the company. The Goldman Sachs Group reissued a “buy” rating on shares of Carrier Global in a research note on Wednesday, May 21st. 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. Royal Bank of Canada upped their target price on Carrier Global from $86.00 to $87.00 and gave the company an “outperform” rating in a report on Tuesday, May 20th. Robert W. Baird upped their target price on Carrier Global from $80.00 to $88.00 and gave the company an “outperform” rating in a report on Tuesday, May 20th. Finally, Northcoast Research raised Carrier Global from a “neutral” rating to a “buy” rating and set a $85.00 target price for the company in a report on Friday, May 9th. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $83.00.

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.