2,666 Shares in Carrier Global Co. (NYSE:CARR) Acquired by Whitener Capital Management Inc.

Whitener Capital Management Inc. purchased a new position in Carrier Global Co. (NYSE:CARR) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 2,666 shares of the company’s stock, valued at approximately $215,000.

Several other hedge funds have also made changes to their positions in CARR. Norden Group LLC bought a new stake in shares of Carrier Global in the 1st quarter worth approximately $235,000. Diversify Advisory Services LLC acquired a new stake in Carrier Global in the 1st quarter valued at approximately $383,000. Mission Wealth Management LP increased its position in Carrier Global by 9.5% in the 1st quarter. Mission Wealth Management LP now owns 6,501 shares of the company’s stock valued at $378,000 after acquiring an additional 564 shares during the period. Janney Montgomery Scott LLC increased its position in Carrier Global by 4.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 161,601 shares of the company’s stock valued at $9,394,000 after acquiring an additional 6,553 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. increased its position in Carrier Global by 2.9% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 21,468 shares of the company’s stock valued at $1,248,000 after acquiring an additional 605 shares during the period. Institutional investors own 91.00% of the company’s stock.

Insider Transactions at Carrier Global

In related news, VP Ajay Agrawal sold 62,382 shares of Carrier Global stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $64.55, for a total transaction of $4,026,758.10. Following the completion of the sale, the vice president now owns 103,066 shares of the company’s stock, valued at approximately $6,652,910.30. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 6.95% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts recently commented on the company. Wolfe Research upgraded Carrier Global from an “underperform” rating to a “peer perform” rating in a research report on Friday, September 6th. Baird R W upgraded Carrier Global from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 15th. Barclays lowered their target price on Carrier Global from $90.00 to $89.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Royal Bank of Canada lowered their price target on Carrier Global from $91.00 to $87.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Finally, Wells Fargo & Company lowered their price target on Carrier Global from $82.00 to $76.00 and set an “equal weight” rating on the stock in a research report on Friday, October 25th. Seven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $81.33.

Carrier Global Stock Performance

Shares of NYSE CARR opened at $72.59 on Friday. The company has a quick ratio of 0.82, a current ratio of 1.08 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $65.13 billion, a price-to-earnings ratio of 18.38, a PEG ratio of 2.64 and a beta of 1.32. The stock’s fifty day simple moving average is $76.89 and its 200 day simple moving average is $68.56. Carrier Global Co. has a 52-week low of $49.62 and a 52-week high of $83.32.

Carrier Global announced that its board has initiated a share repurchase plan on Thursday, October 24th that permits the company to buyback $3.00 billion in shares. This buyback authorization permits the company to reacquire up to 4.6% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

Carrier Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Friday, October 25th will be given a $0.19 dividend. The ex-dividend date is Friday, October 25th. This represents a $0.76 annualized dividend and a dividend yield of 1.05%. Carrier Global’s dividend payout ratio (DPR) is presently 19.24%.

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.