Carrier Global Corporation $CARR Stock Holdings Lifted by Capital Management Corp VA

Capital Management Corp VA boosted its position in shares of Carrier Global Corporation (NYSE:CARR) by 39.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 120,162 shares of the company’s stock after purchasing an additional 33,785 shares during the period. Capital Management Corp VA’s holdings in Carrier Global were worth $7,174,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Carrier Global by 0.5% during the second quarter. Vanguard Group Inc. now owns 93,373,143 shares of the company’s stock valued at $6,833,980,000 after purchasing an additional 450,594 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Carrier Global by 23.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 38,536,301 shares of the company’s stock worth $2,820,485,000 after purchasing an additional 7,409,432 shares during the last quarter. Fisher Asset Management LLC lifted its stake in shares of Carrier Global by 3.1% in the second quarter. Fisher Asset Management LLC now owns 15,048,555 shares of the company’s stock worth $1,101,404,000 after buying an additional 448,055 shares during the last quarter. Brown Advisory Inc. lifted its position in Carrier Global by 6.3% during the 2nd quarter. Brown Advisory Inc. now owns 10,281,880 shares of the company’s stock worth $752,533,000 after acquiring an additional 607,901 shares during the last quarter. Finally, Norges Bank bought a new stake in Carrier Global during the 2nd quarter valued at approximately $524,939,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Trading Down 0.3%

Shares of NYSE CARR opened at $59.60 on Friday. The company’s fifty day moving average is $54.57 and its 200-day moving average is $59.80. The company has a quick ratio of 0.75, a current ratio of 1.14 and a debt-to-equity ratio of 0.76. The stock has a market cap of $50.20 billion, a price-to-earnings ratio of 13.33, a P/E/G ratio of 2.40 and a beta of 1.31. Carrier Global Corporation has a twelve month low of $50.24 and a twelve month high of $81.09.

Carrier Global announced that its board has approved a stock buyback plan on Tuesday, October 28th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 10.1% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Carrier Global Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 9th. Shareholders of record on Tuesday, January 20th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, January 20th. This is an increase from Carrier Global’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a yield of 1.6%. Carrier Global’s payout ratio is presently 21.48%.

Wall Street Analysts Forecast Growth

CARR has been the subject of several research analyst reports. The Goldman Sachs Group reduced their price target on shares of Carrier Global from $72.00 to $68.00 and set a “buy” rating for the company in a report on Tuesday, December 16th. Deutsche Bank Aktiengesellschaft dropped their target price on Carrier Global from $70.00 to $64.00 and set a “hold” rating for the company in a report on Wednesday, October 29th. Oppenheimer reissued a “market perform” rating on shares of Carrier Global in a report on Wednesday, October 29th. Zacks Research upgraded Carrier Global from a “strong sell” rating to a “hold” rating in a research report on Friday, November 21st. Finally, JPMorgan Chase & Co. boosted their target price on shares of Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a research note on Friday, January 16th. Ten analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $69.06.

Carrier Global Company Profile

Carrier Global Corporation is a leading global provider of heating, ventilation and air conditioning (HVAC), refrigeration, fire and security, and building automation solutions. The company designs, manufactures and sells a broad portfolio of products that includes air conditioners, furnaces, heat pumps, chillers, rooftop units, commercial refrigeration systems, fire and smoke detection and suppression systems, security sensors and access controls, and a range of building controls and analytics software.