Carrier Global Co. (NYSE:CARR) Shares Sold by Sargent Investment Group LLC

Sargent Investment Group LLC cut its holdings in shares of Carrier Global Co. (NYSE:CARR) by 3.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 43,237 shares of the company’s stock after selling 1,467 shares during the period. Sargent Investment Group LLC’s holdings in Carrier Global were worth $2,902,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in CARR. RFG Advisory LLC raised its holdings in Carrier Global by 36.2% during the 4th quarter. RFG Advisory LLC now owns 7,170 shares of the company’s stock worth $489,000 after buying an additional 1,904 shares during the period. Princeton Global Asset Management LLC raised its holdings in shares of Carrier Global by 1,156.1% during the fourth quarter. Princeton Global Asset Management LLC now owns 20,663 shares of the company’s stock valued at $1,410,000 after acquiring an additional 19,018 shares during the period. Cerity Partners LLC lifted its position in shares of Carrier Global by 39.0% in the 3rd quarter. Cerity Partners LLC now owns 136,821 shares of the company’s stock valued at $11,013,000 after acquiring an additional 38,365 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in Carrier Global by 12.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 100,440 shares of the company’s stock worth $8,084,000 after purchasing an additional 11,032 shares during the period. Finally, Miracle Mile Advisors LLC purchased a new position in Carrier Global during the 4th quarter worth approximately $2,213,000. 91.00% of the stock is currently owned by institutional investors.

Carrier Global Stock Up 1.2 %

NYSE CARR opened at $63.91 on Wednesday. Carrier Global Co. has a 1-year low of $53.13 and a 1-year high of $83.32. The company has a current ratio of 1.08, a quick ratio of 0.82 and a debt-to-equity ratio of 0.69. The stock’s 50 day moving average is $70.19 and its two-hundred day moving average is $72.48. The company has a market capitalization of $57.34 billion, a price-to-earnings ratio of 16.18, a PEG ratio of 2.12 and a beta of 1.35.

Carrier Global Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, December 20th will be given a $0.225 dividend. 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. This represents a $0.90 dividend on an annualized basis and a yield of 1.41%. Carrier Global’s payout ratio is 22.78%.

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

Wall Street Analyst Weigh In

Several research firms recently commented on CARR. The Goldman Sachs Group started coverage on shares of Carrier Global in a report on Thursday, December 12th. They set a “buy” rating and a $96.00 price target for the company. JPMorgan Chase & Co. lowered their price target on shares of Carrier Global from $83.00 to $77.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Royal Bank of Canada cut their price objective on Carrier Global from $87.00 to $86.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Robert W. Baird lowered their target price on 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, Northcoast Research began coverage on Carrier Global in a research note on Friday, November 22nd. They set a “neutral” rating for the company. Eight analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.