Purkiss Capital Advisors LLC Takes Position in Carrier Global Co. (NYSE:CARR)

Purkiss Capital Advisors LLC bought a new position in shares of Carrier Global Co. (NYSE:CARR) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,112 shares of the company’s stock, valued at approximately $212,000.

A number of other large investors also recently modified their holdings of the company. FSA Wealth Management LLC acquired a new position in Carrier Global during the 3rd quarter valued at about $28,000. Coastline Trust Co bought a new position in shares of Carrier Global in the third quarter valued at approximately $37,000. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Carrier Global in the fourth quarter valued at approximately $31,000. Capital Performance Advisors LLP purchased a new position in shares of Carrier Global during the third quarter valued at approximately $44,000. Finally, Ashton Thomas Securities LLC bought a new stake in Carrier Global during the third quarter worth $50,000. 91.00% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on CARR shares. Northcoast Research started coverage on Carrier Global in a research note on Friday, November 22nd. They set a “neutral” rating on the stock. JPMorgan Chase & Co. dropped their price target on shares of Carrier Global from $83.00 to $77.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Royal Bank of Canada reduced 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 raised shares of 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. Finally, Citigroup reduced their target price on Carrier Global from $94.00 to $90.00 and set a “buy” rating for the company in a report on Monday, January 13th. Six investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Carrier Global currently has an average rating of “Moderate Buy” and a consensus price target of $82.47.

Carrier Global Price Performance

Shares of NYSE CARR opened at $64.81 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77. The stock has a fifty day simple moving average of $67.15 and a two-hundred day simple moving average of $72.38. Carrier Global Co. has a 1-year low of $53.33 and a 1-year high of $83.32. The firm has a market cap of $56.00 billion, a price-to-earnings ratio of 10.32, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35.

Carrier Global (NYSE:CARR) last posted its quarterly 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 quarter in the prior year, the business posted $0.53 earnings per share. Analysts anticipate 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. Stockholders of record on Friday, December 20th were paid a $0.225 dividend. This is an increase from Carrier Global’s previous quarterly dividend of $0.19. The ex-dividend date was Friday, December 20th. This represents a $0.90 annualized dividend and a dividend yield of 1.39%. Carrier Global’s dividend payout ratio (DPR) is presently 14.33%.

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.