Carrier Global Co. (NYSE:CARR) Shares Acquired by Continuum Advisory LLC

Continuum Advisory LLC lifted its holdings in shares of Carrier Global Co. (NYSE:CARR) by 40.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,887 shares of the company’s stock after purchasing an additional 545 shares during the period. Continuum Advisory LLC’s holdings in Carrier Global were worth $141,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Sequoia Financial Advisors LLC boosted its stake in shares of Carrier Global by 5.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 13,097 shares of the company’s stock worth $826,000 after purchasing an additional 650 shares during the last quarter. Diversified Trust Co grew its stake in Carrier Global by 29.1% in the 2nd quarter. Diversified Trust Co now owns 13,906 shares of the company’s stock worth $877,000 after acquiring an additional 3,137 shares during the period. ORG Partners LLC raised its holdings in Carrier Global by 417.3% in the 2nd quarter. ORG Partners LLC now owns 776 shares of the company’s stock valued at $48,000 after acquiring an additional 626 shares during the last quarter. GPS Wealth Strategies Group LLC purchased a new position in shares of Carrier Global during the 2nd quarter worth $51,000. Finally, Bar Harbor Wealth Management grew its holdings in Carrier Global by 2.2% in the 2nd quarter. Bar Harbor Wealth Management now owns 14,719 shares of the company’s stock valued at $928,000 after buying an additional 315 shares during the period. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CARR. Morgan Stanley began coverage on shares of Carrier Global in a research report on Friday, September 6th. They issued an “equal weight” rating and a $75.00 target price on the stock. Robert W. Baird decreased their price target on shares of Carrier Global from $88.00 to $86.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. JPMorgan Chase & Co. began coverage on shares of Carrier Global in a research note on Thursday, October 10th. They set a “neutral” rating and a $83.00 price objective for the company. Barclays increased their target price on Carrier Global from $89.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Finally, Oppenheimer boosted their price target on Carrier Global from $74.00 to $88.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. Eight equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $82.54.

Carrier Global Stock Up 1.2 %

Shares of Carrier Global stock opened at $73.71 on Thursday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.08 and a quick ratio of 0.82. Carrier Global Co. has a 1-year low of $53.13 and a 1-year high of $83.32. The business has a 50-day moving average of $76.94 and a 200-day moving average of $71.19. The company has a market capitalization of $66.13 billion, a PE ratio of 18.44, a P/E/G ratio of 2.73 and a beta of 1.33.

Carrier Global Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, December 20th will be given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.22%. This is a positive change from Carrier Global’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Friday, December 20th. Carrier Global’s dividend payout ratio is presently 19.24%.

Carrier Global announced that its Board of Directors has initiated a share repurchase program on Thursday, October 24th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the company to buy up to 4.6% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Carrier Global 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.