Carrier Global Co. (NYSE:CARR) Shares Acquired by Windward Capital Management Co. CA

Windward Capital Management Co. CA increased its holdings in shares of Carrier Global Co. (NYSE:CARR) by 0.3% during the third quarter, Holdings Channel.com reports. The fund owned 154,723 shares of the company’s stock after buying an additional 418 shares during the period. Carrier Global comprises approximately 1.0% 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 $12,454,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of CARR. Frank Rimerman Advisors LLC raised its position in Carrier Global by 54,708.0% during the second quarter. Frank Rimerman Advisors LLC now owns 13,702 shares of the company’s stock worth $864,000 after acquiring an additional 13,677 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in Carrier Global by 50.1% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 390,272 shares of the company’s stock valued at $22,687,000 after buying an additional 130,192 shares in the last quarter. Quadrature Capital Ltd purchased a new position in Carrier Global in the 1st quarter valued at about $2,019,000. Kintegral Advisory LLC boosted its holdings in Carrier Global by 44.2% in the 2nd quarter. Kintegral Advisory LLC now owns 28,395 shares of the company’s stock worth $1,797,000 after buying an additional 8,705 shares during the last quarter. Finally, Rockport Wealth LLC purchased a new stake in Carrier Global during the 1st quarter worth approximately $478,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CARR. Oppenheimer lifted their price target on Carrier Global from $74.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. Royal Bank of Canada lowered their target price on shares of Carrier Global from $91.00 to $87.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Morgan Stanley began coverage on shares of Carrier Global in a research report on Friday, September 6th. They issued an “equal weight” rating and a $75.00 target price for the company. Bank of America boosted their price target on shares of Carrier Global from $80.00 to $90.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Finally, Baird R W raised shares of Carrier Global from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 15th. Seven equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.33.

Carrier Global Stock Up 2.1 %

Shares of NYSE CARR opened at $76.71 on Friday. Carrier Global Co. has a 1 year low of $50.31 and a 1 year high of $83.32. The company has a market capitalization of $68.83 billion, a P/E ratio of 19.42, a P/E/G ratio of 2.60 and a beta of 1.34. The company has a 50 day simple moving average of $77.11 and a 200-day simple moving average of $69.03. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.08 and a quick ratio of 0.82.

Carrier Global Announces Dividend

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

Carrier Global announced that its Board of Directors has initiated a share repurchase program on Thursday, October 24th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the company to purchase up to 4.6% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

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.