Dakota Wealth Management Has $1.52 Million Stock Holdings in Carrier Global Co. (NYSE:CARR)

Dakota Wealth Management boosted its position in Carrier Global Co. (NYSE:CARR) by 18.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 22,235 shares of the company’s stock after purchasing an additional 3,478 shares during the quarter. Dakota Wealth Management’s holdings in Carrier Global were worth $1,518,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of CARR. Nisa Investment Advisors LLC grew its stake in Carrier Global by 0.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 242,675 shares of the company’s stock valued at $16,620,000 after purchasing an additional 1,222 shares in the last quarter. Simon Quick Advisors LLC grew its stake in Carrier Global by 5.4% in the fourth quarter. Simon Quick Advisors LLC now owns 3,235 shares of the company’s stock valued at $221,000 after purchasing an additional 167 shares in the last quarter. Ballentine Partners LLC grew its stake in Carrier Global by 5.5% in the fourth quarter. Ballentine Partners LLC now owns 16,162 shares of the company’s stock valued at $1,103,000 after purchasing an additional 836 shares in the last quarter. Pure Financial Advisors LLC grew its stake in Carrier Global by 10.1% in the fourth quarter. Pure Financial Advisors LLC now owns 4,652 shares of the company’s stock valued at $318,000 after purchasing an additional 425 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in Carrier Global by 21.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 5,034 shares of the company’s stock valued at $344,000 after purchasing an additional 899 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Wall Street Analyst Weigh In

CARR has been the subject of a number of analyst reports. JPMorgan Chase & Co. decreased their price target on Carrier Global from $83.00 to $77.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. The Goldman Sachs Group began coverage on Carrier Global in a research note on Thursday, December 12th. They set a “buy” rating and a $96.00 target price for the company. Stephens reduced their target price 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. Citigroup reduced their target price on Carrier Global from $94.00 to $90.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Finally, Royal Bank of Canada reduced their target price on Carrier Global from $87.00 to $86.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Eight analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $83.93.

Carrier Global Stock Performance

CARR opened at $69.77 on Friday. The company has a market capitalization of $62.60 billion, a PE ratio of 17.66, a price-to-earnings-growth ratio of 2.27 and a beta of 1.36. 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 business has a fifty day simple moving average of $71.61 and a 200 day simple moving average of $72.39. Carrier Global Co. has a 1 year low of $53.13 and a 1 year high of $83.32.

Carrier Global Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, December 20th will be issued a $0.225 dividend. The ex-dividend date of this dividend is Friday, December 20th. This is a boost from Carrier Global’s previous quarterly dividend of $0.19. This represents a $0.90 annualized dividend and a yield of 1.29%. Carrier Global’s payout ratio is currently 22.78%.

Carrier Global declared that its Board of Directors has authorized a stock buyback plan 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 plans are generally a sign that the company’s board of directors believes its shares are undervalued.

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.