Carrier Global Co. (NYSE:CARR) Position Reduced by Mizuho Securities USA LLC

Mizuho Securities USA LLC reduced its position in Carrier Global Co. (NYSE:CARR) by 15.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 54,441 shares of the company’s stock after selling 10,167 shares during the period. Mizuho Securities USA LLC’s holdings in Carrier Global were worth $4,382,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Frank Rimerman Advisors LLC grew its position in Carrier Global by 54,708.0% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 13,702 shares of the company’s stock worth $864,000 after purchasing an additional 13,677 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in Carrier Global in the 1st quarter worth about $2,019,000. Kintegral Advisory LLC boosted its position in Carrier Global by 44.2% during the 2nd quarter. Kintegral Advisory LLC now owns 28,395 shares of the company’s stock worth $1,797,000 after acquiring an additional 8,705 shares during the period. Foster Victor Wealth Advisors LLC purchased a new position in Carrier Global during the 2nd quarter valued at about $7,720,000. Finally, Vista Investment Partners LLC acquired a new position in shares of Carrier Global in the 2nd quarter valued at about $744,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Wells Fargo & Company lowered their price objective on shares of Carrier Global from $82.00 to $76.00 and set an “equal weight” rating on the stock in a research report on Friday, October 25th. Stephens dropped their price target on shares of Carrier Global from $85.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Monday, October 28th. Morgan Stanley began coverage on Carrier Global in a report on Friday, September 6th. They set an “equal weight” rating and a $75.00 price objective for the company. Wolfe Research raised Carrier Global from an “underperform” rating to a “peer perform” rating in a research report on Friday, September 6th. Finally, Robert W. Baird lowered their price target on Carrier Global from $88.00 to $86.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Seven 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 stock. According to MarketBeat, Carrier Global has a consensus rating of “Moderate Buy” and an average price target of $82.31.

Carrier Global Trading Up 2.1 %

Shares of NYSE:CARR opened at $76.04 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.82 and a current ratio of 1.08. The stock’s 50-day moving average is $77.87 and its 200-day moving average is $70.14. The company has a market cap of $68.22 billion, a P/E ratio of 19.25, a P/E/G ratio of 2.67 and a beta of 1.34. Carrier Global Co. has a 52-week low of $51.20 and a 52-week high of $83.32.

Carrier Global declared that its Board of Directors has approved a stock repurchase program on Thursday, October 24th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the company to purchase up to 4.6% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Carrier Global Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, October 25th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date was Friday, October 25th. Carrier Global’s dividend payout ratio (DPR) is currently 19.24%.

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.