Carrier Global Co. (NYSE:CARR) Shares Sold by Hall Laurie J Trustee

Hall Laurie J Trustee decreased its position in shares of Carrier Global Co. (NYSE:CARR) by 3.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 97,355 shares of the company’s stock after selling 3,935 shares during the period. Carrier Global comprises 2.2% of Hall Laurie J Trustee’s investment portfolio, making the stock its 11th biggest position. Hall Laurie J Trustee’s holdings in Carrier Global were worth $6,645,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several brokerages recently weighed in on CARR. Wells Fargo & Company reduced their target price on shares of Carrier Global from $80.00 to $75.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Robert W. Baird decreased their price objective on shares of Carrier Global from $88.00 to $86.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. JPMorgan Chase & Co. lowered their target price on shares of Carrier Global from $83.00 to $77.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Oppenheimer raised their price target on Carrier Global from $74.00 to $88.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Finally, Royal Bank of Canada lowered their price objective on Carrier Global from $87.00 to $86.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Eight equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Carrier Global has an average rating of “Moderate Buy” and an average price target of $83.93.

Carrier Global Stock Performance

Shares of Carrier Global stock opened at $69.74 on Monday. The stock has a market capitalization of $62.57 billion, a price-to-earnings ratio of 17.66, a PEG ratio of 2.03 and a beta of 1.36. The firm’s fifty day simple moving average is $71.96 and its 200-day simple moving average is $72.25. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.08 and a quick ratio of 0.82. Carrier Global Co. has a 12 month low of $53.13 and a 12 month high of $83.32.

Carrier Global Increases Dividend

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

Carrier Global declared that its board has initiated a share buyback program on Thursday, October 24th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 4.6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Carrier Global Company 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.