Carrier Global Co. (NYSE:CARR) Shares Bought by Bleakley Financial Group LLC

Bleakley Financial Group LLC increased its holdings in Carrier Global Co. (NYSE:CARR) by 11.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 52,372 shares of the company’s stock after buying an additional 5,368 shares during the quarter. Bleakley Financial Group LLC’s holdings in Carrier Global were worth $3,575,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. FSA Wealth Management LLC acquired a new stake in shares of Carrier Global during the 3rd quarter worth approximately $28,000. McClarren Financial Advisors Inc. grew its stake in shares of 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 during the period. Coastline Trust Co acquired a new stake in shares of Carrier Global during the 3rd quarter worth approximately $37,000. Capital Performance Advisors LLP acquired a new stake in shares of Carrier Global during the 3rd quarter worth approximately $44,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Carrier Global during the 3rd quarter worth approximately $50,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Stock Up 0.9 %

NYSE CARR opened at $65.15 on Friday. Carrier Global Co. has a 52 week low of $53.13 and a 52 week high of $83.32. 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 business’s fifty day simple moving average is $69.69 and its 200-day simple moving average is $72.40. The firm has a market cap of $58.45 billion, a PE ratio of 16.49, a P/E/G ratio of 2.12 and a beta of 1.35.

Carrier Global declared that its board has approved a stock repurchase 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 stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Carrier Global Increases Dividend

The business 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. This represents a $0.90 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend is Friday, December 20th. 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

A number of equities research analysts have recently commented on the stock. Mizuho raised their price objective on shares of Carrier Global from $65.00 to $78.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. UBS Group raised shares of Carrier Global from a “neutral” rating to a “buy” rating and set a $94.00 price objective on the stock in a research note on Wednesday, November 13th. Stephens decreased their target price on Carrier Global from $85.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Monday, October 28th. Royal Bank of Canada decreased their target price on Carrier Global from $87.00 to $86.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Finally, Wells Fargo & Company decreased their target price on Carrier Global from $80.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Eight investment 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $83.93.

Carrier Global 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.