Carrier Global Co. (NYSE:CARR) Shares Bought by Sigma Planning Corp

Sigma Planning Corp grew its holdings in Carrier Global Co. (NYSE:CARR) by 1.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 12,923 shares of the company’s stock after buying an additional 194 shares during the period. Sigma Planning Corp’s holdings in Carrier Global were worth $882,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CARR. FSA Wealth Management LLC purchased a new position in shares of Carrier Global in the 3rd quarter valued at approximately $28,000. Coastline Trust Co acquired a new position in Carrier Global during the 3rd quarter valued at approximately $37,000. Capital Performance Advisors LLP purchased a new position in shares of Carrier Global in the third quarter worth $44,000. Roxbury Financial LLC purchased a new position in shares of Carrier Global in the fourth quarter worth $49,000. Finally, Centricity Wealth Management LLC acquired a new stake in shares of Carrier Global during the fourth quarter worth $49,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Analyst Upgrades and Downgrades

CARR has been the subject of a number of research analyst reports. Wells Fargo & Company reduced their target price on Carrier Global from $75.00 to $70.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 12th. Barclays reduced their price objective on Carrier Global from $90.00 to $87.00 and set an “overweight” rating for the company in a research note on Wednesday, February 12th. Royal Bank of Canada decreased their target price on Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. The Goldman Sachs Group began coverage on shares of Carrier Global in a report on Thursday, December 12th. They issued a “buy” rating and a $96.00 price target on the stock. Finally, 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 note on Wednesday, November 13th. Six investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Carrier Global has an average rating of “Moderate Buy” and a consensus price target of $82.47.

Carrier Global Stock Up 0.7 %

CARR opened at $67.03 on Wednesday. The company has a fifty day moving average of $67.30 and a two-hundred day moving average of $72.43. The stock has a market capitalization of $58.21 billion, a price-to-earnings ratio of 10.67, a PEG ratio of 2.01 and a beta of 1.35. Carrier Global Co. has a fifty-two week low of $53.33 and a fifty-two week high of $83.32. 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 (NYSE:CARR) last posted its earnings results on Tuesday, February 11th. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates 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 previous year, the firm posted $0.53 EPS. On average, research analysts expect 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 dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 1.34%. This is an increase from Carrier Global’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Friday, December 20th. Carrier Global’s dividend payout ratio is presently 14.33%.

About Carrier Global

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.