Signaturefd LLC Acquires 9,412 Shares of Carrier Global Corporation $CARR

Signaturefd LLC raised its stake in Carrier Global Corporation (NYSE:CARR) by 54.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,644 shares of the company’s stock after buying an additional 9,412 shares during the period. Signaturefd LLC’s holdings in Carrier Global were worth $1,462,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Dynamic Advisor Solutions LLC grew its holdings in shares of Carrier Global by 2.8% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 5,801 shares of the company’s stock worth $426,000 after acquiring an additional 158 shares during the last quarter. Texas Bank & Trust Co boosted its position in shares of Carrier Global by 1.3% in the 1st quarter. Texas Bank & Trust Co now owns 13,176 shares of the company’s stock valued at $742,000 after purchasing an additional 175 shares during the period. Personal CFO Solutions LLC boosted its position in shares of Carrier Global by 0.7% in the 1st quarter. Personal CFO Solutions LLC now owns 24,671 shares of the company’s stock valued at $1,389,000 after purchasing an additional 181 shares during the period. Brookstone Capital Management increased its stake in Carrier Global by 3.2% in the 3rd quarter. Brookstone Capital Management now owns 6,192 shares of the company’s stock worth $340,000 after purchasing an additional 194 shares in the last quarter. Finally, PFG Investments LLC increased its stake in Carrier Global by 2.8% in the 1st quarter. PFG Investments LLC now owns 7,242 shares of the company’s stock worth $408,000 after purchasing an additional 198 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Stock Up 0.3%

CARR stock opened at $56.39 on Tuesday. Carrier Global Corporation has a 12-month low of $50.24 and a 12-month high of $76.76. The company has a quick ratio of 0.72, a current ratio of 1.02 and a debt-to-equity ratio of 0.77. The company has a market cap of $46.48 billion, a price-to-earnings ratio of 39.16, a PEG ratio of 1.92 and a beta of 1.29. The company has a 50 day moving average of $56.95 and a two-hundred day moving average of $61.67.

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

Carrier Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 18th. Investors of record on Thursday, October 29th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Thursday, October 29th. Carrier Global’s dividend payout ratio (DPR) is currently 66.67%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Wolfe Research restated an “outperform” rating and set a $80.00 price objective on shares of Carrier Global in a report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Carrier Global from $71.00 to $64.00 and set a “hold” rating for the company in a report on Wednesday, September 30th. 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 target price on the stock. Royal Bank Of Canada dropped their target price on shares of Carrier Global from $82.00 to $72.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 14th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Carrier Global in a research report on Friday, October 16th. Eleven investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, Carrier Global presently has an average rating of “Moderate Buy” and a consensus target price of $70.43.

Carrier Global Company Profile

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.