Fire Capital Management LLC Invests $320,000 in Carrier Global Co. (NYSE:CARR)

Fire Capital Management LLC purchased a new stake in Carrier Global Co. (NYSE:CARR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,692 shares of the company's stock, valued at approximately $320,000.

Other hedge funds have also bought and sold shares of the company. Brighton Jones LLC increased its position in shares of Carrier Global by 30.3% during the fourth quarter. Brighton Jones LLC now owns 7,958 shares of the company's stock worth $543,000 after acquiring an additional 1,850 shares in the last quarter. Flagship Harbor Advisors LLC lifted its holdings in shares of Carrier Global by 5.8% in the fourth quarter. Flagship Harbor Advisors LLC now owns 5,447 shares of the company's stock valued at $372,000 after purchasing an additional 301 shares in the last quarter. Blue Trust Inc. grew its holdings in Carrier Global by 47.3% during the fourth quarter. Blue Trust Inc. now owns 8,774 shares of the company's stock worth $599,000 after buying an additional 2,816 shares in the last quarter. Union Bancaire Privee UBP SA bought a new stake in Carrier Global during the fourth quarter worth $482,000. Finally, Pacer Advisors Inc. raised its position in Carrier Global by 13.0% in the 4th quarter. Pacer Advisors Inc. now owns 89,539 shares of the company's stock valued at $6,112,000 after buying an additional 10,313 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Northcoast Research raised shares of Carrier Global from a "neutral" rating to a "buy" rating and set a $85.00 price objective on the stock in a report on Friday, May 9th. Wolfe Research upgraded shares of Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 price target on the stock in a report on Monday, February 24th. Mizuho set a $72.00 price objective on shares of Carrier Global in a research report on Tuesday, April 22nd. Robert W. Baird lifted their target price on shares of Carrier Global from $80.00 to $88.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 20th. Finally, Citigroup cut their target price on Carrier Global from $89.00 to $72.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $83.00.

Carrier Global Stock Performance

NYSE:CARR traded down $1.46 during trading hours on Monday, reaching $69.74. The stock had a trading volume of 1,352,200 shares, compared to its average volume of 4,637,718. The stock has a market cap of $59.79 billion, a P/E ratio of 11.11, a price-to-earnings-growth ratio of 2.01 and a beta of 1.33. The stock has a 50 day simple moving average of $65.63 and a 200 day simple moving average of $67.72. 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 Co. has a 12-month low of $54.22 and a 12-month high of $83.32.

Carrier Global (NYSE:CARR - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.07. Carrier Global had a return on equity of 18.82% and a net margin of 23.83%. The company had revenue of $5.22 billion during the quarter, compared to analyst estimates of $5.17 billion. During the same quarter last year, the firm posted $0.51 EPS. The firm's revenue for the quarter was down 3.7% on a year-over-year basis. On average, research analysts forecast that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Friday, May 2nd were given a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 1.29%. The ex-dividend date was Friday, May 2nd. Carrier Global's dividend payout ratio (DPR) is currently 13.93%.

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.