Cassaday & Co Wealth Management LLC Has $296,000 Stake in Carrier Global Co. (NYSE:CARR)

Cassaday & Co Wealth Management LLC increased its position in shares of Carrier Global Co. (NYSE:CARR) by 4.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 4,341 shares of the company’s stock after purchasing an additional 188 shares during the quarter. Cassaday & Co Wealth Management LLC’s holdings in Carrier Global were worth $296,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in CARR. FSA Wealth Management LLC acquired a new stake in shares of Carrier Global during the third quarter worth $28,000. Coastline Trust Co acquired a new position in shares of Carrier Global in the third quarter valued at about $37,000. Capital Performance Advisors LLP bought a new position in Carrier Global during the third quarter worth about $44,000. Roxbury Financial LLC acquired a new stake in Carrier Global in the 4th quarter worth about $49,000. Finally, Centricity Wealth Management LLC bought a new stake in Carrier Global in the 4th quarter valued at about $49,000. 91.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Barclays lowered their target price on shares of Carrier Global from $90.00 to $87.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. Citigroup lowered their price objective on Carrier Global from $94.00 to $90.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Mizuho upgraded Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 target price for the company in a research report on Friday, February 14th. UBS Group upgraded Carrier Global from a “neutral” rating to a “buy” rating and set a $94.00 price target on the stock in a research report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. dropped their price target on Carrier Global from $83.00 to $77.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Seven research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $82.64.

Carrier Global Stock Performance

Shares of CARR stock opened at $66.10 on Friday. The firm has a market capitalization of $57.39 billion, a price-to-earnings ratio of 10.52, a PEG ratio of 1.97 and a beta of 1.35. 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 business’s 50-day moving average price is $67.46 and its 200-day moving average price is $72.27. Carrier Global Co. has a 12 month low of $53.33 and a 12 month high of $83.32.

Carrier Global (NYSE:CARR) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03. Carrier Global had a net margin of 23.83% and a return on equity of 18.82%. During the same period last year, the firm posted $0.53 earnings per share. Equities research analysts forecast that Carrier Global Co. will post 2.99 EPS for the current year.

Carrier Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, December 20th were paid a $0.225 dividend. This is a boost 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 1.36%. Carrier Global’s payout ratio is currently 14.33%.

Carrier Global Company 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.