Carrier Global Co. (NYSE:CARR) Shares Purchased by Pure Financial Advisors LLC

Pure Financial Advisors LLC boosted its stake in shares of Carrier Global Co. (NYSE:CARRFree Report) by 10.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 4,652 shares of the company’s stock after acquiring an additional 425 shares during the period. Pure Financial Advisors LLC’s holdings in Carrier Global were worth $318,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FSA Wealth Management LLC purchased a new position in Carrier Global in the 3rd quarter valued at $28,000. McClarren Financial Advisors Inc. lifted its stake in shares of Carrier Global by 246.0% in the third quarter. McClarren Financial Advisors Inc. now owns 436 shares of the company’s stock worth $35,000 after buying an additional 310 shares in the last quarter. Coastline Trust Co acquired a new position in Carrier Global during the third quarter worth about $37,000. Country Trust Bank purchased a new stake in Carrier Global during the 3rd quarter valued at about $40,000. Finally, Capital Performance Advisors LLP acquired a new stake in Carrier Global in the 3rd quarter valued at about $44,000. 91.00% of the stock is owned by hedge funds and other institutional investors.

Carrier Global Trading Down 0.8 %

Shares of NYSE CARR opened at $70.01 on Thursday. The stock has a fifty day simple moving average of $71.74 and a 200-day simple moving average of $72.40. Carrier Global Co. has a twelve month low of $53.13 and a twelve month high of $83.32. The company has a current ratio of 1.08, a quick ratio of 0.82 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $62.81 billion, a PE ratio of 17.72, a PEG ratio of 2.24 and a beta of 1.36.

Carrier Global Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, December 20th will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Friday, December 20th. This is a positive change from Carrier Global’s previous quarterly dividend of $0.19. This represents a $0.90 dividend on an annualized basis and a yield of 1.29%. Carrier Global’s dividend payout ratio is 22.78%.

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on CARR shares. Oppenheimer upped 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. UBS Group raised Carrier Global from a “neutral” rating to a “buy” rating and set a $94.00 target price for the company in a research note on Wednesday, November 13th. Mizuho boosted their price target on shares of Carrier Global from $65.00 to $78.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. JPMorgan Chase & Co. cut their price objective on shares of Carrier Global from $83.00 to $77.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Finally, The Goldman Sachs Group initiated coverage on shares of Carrier Global in a report on Thursday, December 12th. They issued a “buy” rating and a $96.00 target price on the stock. Eight research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $83.93.

View Our Latest Stock Report on CARR

Carrier Global Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Carrier Global (NYSE:CARR)

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