Banco Santander S.A. Buys Shares of 2,679 Carrier Global Co. (NYSE:CARR)

Banco Santander S.A. purchased a new position in Carrier Global Co. (NYSE:CARR) during the third quarter, Holdings Channel reports. The institutional investor purchased 2,679 shares of the company’s stock, valued at approximately $216,000.

A number of other institutional investors also recently modified their holdings of CARR. Olistico Wealth LLC acquired a new position in Carrier Global in the second quarter valued at approximately $25,000. Meeder Asset Management Inc. grew its holdings in shares of Carrier Global by 675.0% during the second quarter. Meeder Asset Management Inc. now owns 465 shares of the company’s stock valued at $29,000 after buying an additional 405 shares during the last quarter. EdgeRock Capital LLC acquired a new stake in shares of Carrier Global in the 2nd quarter worth about $32,000. Hantz Financial Services Inc. bought a new position in Carrier Global in the 2nd quarter valued at about $35,000. Finally, McClarren Financial Advisors Inc. lifted its position in Carrier Global by 246.0% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 436 shares of the company’s stock valued at $35,000 after acquiring an additional 310 shares in the last quarter. 91.00% of the stock is owned by institutional investors.

Carrier Global Stock Up 1.3 %

Shares of NYSE CARR opened at $77.00 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.08 and a quick ratio of 0.82. The stock has a market capitalization of $69.09 billion, a PE ratio of 19.49, a P/E/G ratio of 2.73 and a beta of 1.34. Carrier Global Co. has a one year low of $51.20 and a one year high of $83.32. The business’s fifty day moving average price is $77.88 and its 200-day moving average price is $70.28.

Carrier Global declared that its board has approved a share buyback program on Thursday, October 24th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the company to repurchase up to 4.6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Carrier Global Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, October 25th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Friday, October 25th. This represents a $0.76 dividend on an annualized basis and a yield of 0.99%. Carrier Global’s dividend payout ratio is presently 19.24%.

Wall Street Analyst Weigh In

Several analysts have recently commented on CARR shares. Stephens lowered their price objective on Carrier Global from $85.00 to $80.00 and set an “equal weight” rating for the company in a research note on Monday, October 28th. Northcoast Research assumed coverage on Carrier Global in a research note on Friday. They set a “neutral” rating on the stock. Morgan Stanley assumed coverage on shares of Carrier Global in a research note on Friday, September 6th. They issued an “equal weight” rating and a $75.00 target price for the company. Oppenheimer raised their price target on shares of Carrier Global from $74.00 to $88.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. Finally, UBS Group raised shares of Carrier Global from a “neutral” rating to a “buy” rating and set a $94.00 price objective for the company in a research report on Wednesday, November 13th. Eight analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $82.31.

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.