Carrier Global Co. (NYSE:CARR) Shares Sold by Thomasville National Bank

Thomasville National Bank trimmed its stake in Carrier Global Co. (NYSE:CARR) by 5.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 4,548 shares of the company’s stock after selling 273 shares during the quarter. Thomasville National Bank’s holdings in Carrier Global were worth $310,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. FSA Wealth Management LLC bought a new stake in Carrier Global in the 3rd quarter valued at about $28,000. McClarren Financial Advisors Inc. raised its holdings in shares of Carrier Global by 246.0% during the third quarter. McClarren Financial Advisors Inc. now owns 436 shares of the company’s stock valued at $35,000 after buying an additional 310 shares during the last quarter. Coastline Trust Co acquired a new position in shares of Carrier Global during the third quarter worth approximately $37,000. Meeder Asset Management Inc. grew its holdings in Carrier Global by 675.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 465 shares of the company’s stock worth $29,000 after buying an additional 405 shares in the last quarter. Finally, Country Trust Bank bought a new position in Carrier Global in the 3rd quarter worth approximately $40,000. Institutional investors own 91.00% of the company’s stock.

Carrier Global Trading Up 1.0 %

NYSE:CARR opened at $67.18 on Tuesday. The stock has a fifty day simple moving average of $72.45 and a 200 day simple moving average of $72.13. The company has a quick ratio of 0.82, a current ratio of 1.08 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $60.28 billion, a price-to-earnings ratio of 17.01, a price-to-earnings-growth ratio of 2.73 and a beta of 1.36. Carrier Global Co. has a 1-year low of $53.13 and a 1-year high of $83.32.

Carrier Global declared that its board has authorized a stock repurchase program on Thursday, October 24th that permits the company to buyback $3.00 billion in outstanding shares. This buyback authorization permits the company to repurchase up to 4.6% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

Carrier Global Increases Dividend

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

Wall Street Analyst Weigh In

CARR has been the subject of a number of analyst reports. Wells Fargo & Company reduced their price target on Carrier Global from $80.00 to $75.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Robert W. Baird decreased their target price 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. Citigroup dropped their price target on shares of Carrier Global from $94.00 to $90.00 and set a “buy” rating on the stock in a research report on Monday. Barclays decreased their price objective on shares of Carrier Global from $92.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Finally, Northcoast Research started coverage on Carrier Global in a report on Friday, November 22nd. They set a “neutral” rating on the stock. Eight research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Carrier Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.36.

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.