Carrier Global Corporation $CARR Stock Purchased by Signaturefd LLC

Signaturefd LLC raised its stake in shares of Carrier Global Corporation (NYSE:CARR) by 54.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,644 shares of the company’s stock after acquiring an additional 9,412 shares during the quarter. Signaturefd LLC’s holdings in Carrier Global were worth $1,462,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in CARR. Citizens Financial Group Inc. RI grew its stake in Carrier Global by 126.7% in the third quarter. Citizens Financial Group Inc. RI now owns 51,311 shares of the company’s stock worth $2,815,000 after purchasing an additional 28,674 shares in the last quarter. Simplicity Wealth LLC increased its holdings in Carrier Global by 32.2% in the third quarter. Simplicity Wealth LLC now owns 33,778 shares of the company’s stock valued at $1,853,000 after buying an additional 8,221 shares during the last quarter. Evergreen Capital Management LLC raised its stake in Carrier Global by 26.1% during the third quarter. Evergreen Capital Management LLC now owns 20,987 shares of the company’s stock valued at $1,151,000 after buying an additional 4,347 shares in the last quarter. Farmers & Merchants Investments Inc. raised its stake in Carrier Global by 58.2% during the third quarter. Farmers & Merchants Investments Inc. now owns 25,226 shares of the company’s stock valued at $1,384,000 after buying an additional 9,283 shares in the last quarter. Finally, NORTHSTAR ASSET MANAGEMENT Co lifted its holdings in Carrier Global by 41.8% during the 3rd quarter. NORTHSTAR ASSET MANAGEMENT Co now owns 5,010 shares of the company’s stock worth $275,000 after buying an additional 1,478 shares during the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global Stock Up 0.3%

CARR opened at $56.39 on Tuesday. Carrier Global Corporation has a one year low of $50.24 and a one year high of $76.76. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.72 and a current ratio of 1.02. The stock’s fifty day moving average is $56.95 and its 200-day moving average is $61.67. The company has a market capitalization of $46.48 billion, a PE ratio of 39.16, a P/E/G ratio of 1.92 and a beta of 1.29.

Carrier Global (NYSE:CARR) last announced its earnings results on Tuesday, July 28th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.04. The business had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.02 billion. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%. The company’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the business posted $0.92 earnings per share. On average, equities analysts predict that Carrier Global Corporation will post 2.87 EPS for the current fiscal year.

Carrier Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 18th. Shareholders of record on Thursday, October 29th will be given a $0.24 dividend. The ex-dividend date is Thursday, October 29th. This represents a $0.96 annualized dividend and a yield of 1.7%. Carrier Global’s payout ratio is 66.67%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CARR shares. Weiss Ratings reissued a “hold (c)” rating on shares of Carrier Global in a report on Friday, October 16th. The Goldman Sachs Group cut shares of Carrier Global from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $74.00 to $61.00 in a report on Wednesday, October 14th. Wells Fargo & Company initiated coverage on shares of Carrier Global in a research report on Thursday, September 24th. They issued an “overweight” rating and a $67.00 price objective on the stock. Zacks Research downgraded shares of Carrier Global from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 1st. Finally, Mizuho reduced their target price on shares of Carrier Global from $75.00 to $70.00 and set an “outperform” rating for the company in a research note on Thursday, October 15th. Eleven equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Carrier Global presently has a consensus rating of “Moderate Buy” and an average price target of $70.43.

About Carrier Global

Carrier Global Corporation (NYSE:CARR) is a global provider of intelligent climate and energy solutions. The company develops and manufactures heating, ventilation and air-conditioning (HVAC) systems, refrigeration equipment, building automation technologies and related controls and services for residential, commercial and industrial customers.

Its offerings include air conditioners, heat pumps, furnaces, boilers, chillers, ventilation systems, refrigeration systems and building management solutions.