Carrier Global Co. (NYSE:CARR) Shares Sold by Fiera Capital Corp

Fiera Capital Corp decreased its holdings in Carrier Global Co. (NYSE:CARR) by 4.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,577,912 shares of the company’s stock after selling 361,748 shares during the period. Carrier Global makes up approximately 1.8% of Fiera Capital Corp’s investment portfolio, making the stock its 15th largest position. Fiera Capital Corp owned about 0.84% of Carrier Global worth $609,946,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Frank Rimerman Advisors LLC grew its holdings in shares of 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 during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in Carrier Global by 50.1% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 390,272 shares of the company’s stock valued at $22,687,000 after acquiring an additional 130,192 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in Carrier Global in the first quarter valued at approximately $2,019,000. Kintegral Advisory LLC lifted 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. Finally, Rockport Wealth LLC acquired a new stake in shares of Carrier Global in the 1st quarter valued at approximately $478,000. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CARR has been the subject of a number of research reports. Stephens reduced their price target on shares of Carrier Global from $85.00 to $80.00 and set an “equal weight” rating for the company in a research report on Monday, October 28th. Wolfe Research raised Carrier Global from an “underperform” rating to a “peer perform” rating in a research note on Friday, September 6th. Morgan Stanley initiated coverage on shares of Carrier Global in a report on Friday, September 6th. They set an “equal weight” rating and a $75.00 price target for the company. Baird R W upgraded Carrier Global from a “hold” rating to a “strong-buy” rating in a report on Monday, July 15th. Finally, JPMorgan Chase & Co. assumed coverage on Carrier Global in a report on Thursday, October 10th. They issued a “neutral” rating and a $83.00 price objective on the stock. Seven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.33.

Carrier Global Price Performance

Shares of NYSE CARR traded up $1.76 during midday trading on Friday, reaching $76.89. The company’s stock had a trading volume of 1,106,661 shares, compared to its average volume of 4,143,945. The company has a current ratio of 1.08, a quick ratio of 0.82 and a debt-to-equity ratio of 0.69. The company has a market cap of $68.99 billion, a price-to-earnings ratio of 19.02, a price-to-earnings-growth ratio of 2.60 and a beta of 1.34. Carrier Global Co. has a one year low of $50.31 and a one year high of $83.32. The company has a 50 day moving average price of $77.03 and a 200 day moving average price of $68.99.

Carrier Global declared that its board has approved a share repurchase program on Thursday, October 24th that allows the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization allows 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 believes its shares are undervalued.

Carrier Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Friday, October 25th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.99%. The ex-dividend date is Friday, October 25th. Carrier Global’s dividend payout ratio (DPR) is currently 19.24%.

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.