Prospera Private Wealth LLC Buys Shares of 5,457 Carrier Global Co. (NYSE:CARR)

Prospera Private Wealth LLC bought a new stake in shares of Carrier Global Co. (NYSE:CARR) during the 3rd quarter, Holdings Channel reports. The firm bought 5,457 shares of the company’s stock, valued at approximately $439,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. West Family Investments Inc. bought a new position in Carrier Global during the 3rd quarter valued at about $285,000. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Carrier Global in the 3rd quarter worth approximately $2,642,000. Banque Cantonale Vaudoise lifted its stake in shares of Carrier Global by 9.2% in the 3rd quarter. Banque Cantonale Vaudoise now owns 44,918 shares of the company’s stock worth $3,615,000 after purchasing an additional 3,771 shares during the period. BIP Wealth LLC bought a new position in shares of Carrier Global in the 3rd quarter worth approximately $417,000. Finally, OneAscent Financial Services LLC bought a new position in shares of Carrier Global in the 3rd quarter worth approximately $212,000. Institutional investors own 91.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Stephens lowered their price objective on shares of Carrier Global from $85.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Monday, October 28th. Mizuho increased 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. Wolfe Research upgraded shares of Carrier Global from an “underperform” rating to a “peer perform” rating in a research note on Friday, September 6th. Robert W. Baird decreased 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. Finally, Oppenheimer lifted their price target on shares of Carrier Global from $74.00 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $82.31.

Carrier Global Trading Up 0.2 %

CARR stock opened at $74.50 on Thursday. The company has a quick ratio of 0.82, a current ratio of 1.08 and a debt-to-equity ratio of 0.69. Carrier Global Co. has a twelve month low of $51.20 and a twelve month high of $83.32. The stock has a market capitalization of $66.84 billion, a price-to-earnings ratio of 18.86, a price-to-earnings-growth ratio of 2.68 and a beta of 1.34. The firm’s fifty day simple moving average is $77.86 and its two-hundred day simple moving average is $70.10.

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

Carrier Global Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, October 25th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date was Friday, October 25th. Carrier Global’s dividend payout ratio (DPR) is 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.