Windward Capital Management Co. CA Sells 1,487 Shares of Carrier Global Co. (NYSE:CARR)

Windward Capital Management Co. CA lessened its stake in shares of Carrier Global Co. (NYSE:CARR) by 1.0% during the 4th quarter, HoldingsChannel reports. The firm owned 153,236 shares of the company’s stock after selling 1,487 shares during the quarter. Carrier Global comprises 0.8% of Windward Capital Management Co. CA’s holdings, making the stock its 29th biggest position. Windward Capital Management Co. CA’s holdings in Carrier Global were worth $10,460,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of CARR. FSA Wealth Management LLC acquired a new stake in shares of Carrier Global in the third quarter worth $28,000. McClarren Financial Advisors Inc. grew its position in Carrier Global by 246.0% in 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 during the last quarter. Coastline Trust Co bought a new position in shares of Carrier Global during the 3rd quarter worth about $37,000. Country Trust Bank acquired a new position in shares of Carrier Global during the third quarter valued at about $40,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of Carrier Global in the third quarter valued at about $44,000. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Carrier Global Stock Up 1.2 %

NYSE CARR opened at $63.91 on Wednesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.82 and a current ratio of 1.08. Carrier Global Co. has a 52 week low of $53.13 and a 52 week high of $83.32. The stock has a market capitalization of $57.34 billion, a P/E ratio of 16.18, a price-to-earnings-growth ratio of 2.12 and a beta of 1.35. The stock has a fifty day moving average of $70.19 and a 200-day moving average of $72.48.

Carrier Global Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, December 20th will be issued a dividend of $0.225 per share. This is a boost from Carrier Global’s previous quarterly dividend of $0.19. This represents a $0.90 annualized dividend and a yield of 1.41%. The ex-dividend date is Friday, December 20th. Carrier Global’s payout ratio is currently 22.78%.

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

Analyst Ratings Changes

Several equities analysts have commented on CARR shares. Stephens cut their price target on Carrier Global from $85.00 to $80.00 and set an “equal weight” rating for the company in a report on Monday, October 28th. Wells Fargo & Company reduced their target price 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. Royal Bank of Canada lowered their price target on shares of Carrier Global from $87.00 to $86.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. The Goldman Sachs Group started coverage on shares of Carrier Global in a research note on Thursday, December 12th. They issued a “buy” rating and a $96.00 price objective for the company. Finally, Robert W. Baird lowered their target price on shares of Carrier Global from $88.00 to $86.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Eight equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $83.93.

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.