Flagship Harbor Advisors LLC Acquires 301 Shares of Carrier Global Co. (NYSE:CARR)

Flagship Harbor Advisors LLC boosted its stake in shares of Carrier Global Co. (NYSE:CARR) by 5.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,447 shares of the company’s stock after buying an additional 301 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Carrier Global were worth $372,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. RFG Advisory LLC raised its holdings in shares of Carrier Global by 36.2% in the 4th quarter. RFG Advisory LLC now owns 7,170 shares of the company’s stock worth $489,000 after purchasing an additional 1,904 shares during the period. Cerity Partners LLC increased its position in Carrier Global by 39.0% in the third quarter. Cerity Partners LLC now owns 136,821 shares of the company’s stock worth $11,013,000 after buying an additional 38,365 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Carrier Global by 12.3% in the third quarter. Daiwa Securities Group Inc. now owns 100,440 shares of the company’s stock valued at $8,084,000 after buying an additional 11,032 shares during the period. Miracle Mile Advisors LLC purchased a new position in shares of Carrier Global during the 4th quarter valued at $2,213,000. Finally, Sheaff Brock Investment Advisors LLC bought a new position in shares of Carrier Global during the 3rd quarter worth $1,068,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Wall Street Analysts Forecast Growth

CARR has been the topic of several recent research reports. Northcoast Research started coverage on shares of Carrier Global in a report on Friday, November 22nd. They set a “neutral” rating on the stock. Citigroup cut their price objective on shares of Carrier Global from $94.00 to $90.00 and set a “buy” rating for the company in a report on Monday, January 13th. The Goldman Sachs Group initiated coverage on shares of Carrier Global in a report on Thursday, December 12th. They set a “buy” rating and a $96.00 target price on the stock. Royal Bank of Canada reduced their price target 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. Finally, Wells Fargo & Company dropped their price objective on Carrier Global from $80.00 to $75.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Eight investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.93.

Carrier Global Stock Down 0.2 %

Shares of NYSE:CARR opened at $67.32 on Wednesday. The firm has a fifty day moving average of $71.28 and a 200 day moving average of $72.56. Carrier Global Co. has a 52-week low of $53.13 and a 52-week high of $83.32. 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 firm has a market capitalization of $60.40 billion, a PE ratio of 17.04, a price-to-earnings-growth ratio of 2.26 and a beta of 1.36.

Carrier Global Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, December 20th will be given a dividend of $0.225 per share. The ex-dividend date is Friday, December 20th. This is a positive change from Carrier Global’s previous quarterly dividend of $0.19. This represents a $0.90 annualized dividend and a dividend yield of 1.34%. Carrier Global’s dividend payout ratio is 22.78%.

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