Liberty Capital Management Inc. Purchases 1,118 Shares of Carrier Global Co. (NYSE:CARR)

Liberty Capital Management Inc. raised its position in shares of Carrier Global Co. (NYSE:CARR) by 4.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,010 shares of the company’s stock after purchasing an additional 1,118 shares during the period. Liberty Capital Management Inc.’s holdings in Carrier Global were worth $1,980,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Brookstone Capital Management lifted its holdings in shares of Carrier Global by 9.4% during the third quarter. Brookstone Capital Management now owns 5,999 shares of the company’s stock worth $483,000 after purchasing an additional 513 shares during the period. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of Carrier Global by 359.3% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 6,729 shares of the company’s stock worth $542,000 after acquiring an additional 5,264 shares during the period. Valeo Financial Advisors LLC boosted its stake in shares of Carrier Global by 1.5% in the 3rd quarter. Valeo Financial Advisors LLC now owns 12,244 shares of the company’s stock valued at $986,000 after purchasing an additional 179 shares during the last quarter. InTrack Investment Management Inc raised its stake in Carrier Global by 114.0% during the third quarter. InTrack Investment Management Inc now owns 8,570 shares of the company’s stock worth $690,000 after buying an additional 4,565 shares during the last quarter. Finally, Exchange Traded Concepts LLC lifted its holdings in Carrier Global by 69.6% in the third quarter. Exchange Traded Concepts LLC now owns 1,187 shares of the company’s stock valued at $96,000 after buying an additional 487 shares during the period. Institutional investors and hedge funds own 91.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Mizuho raised their price objective on Carrier Global from $65.00 to $78.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Robert W. Baird lowered their price objective on Carrier Global from $88.00 to $86.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Wells Fargo & Company dropped their price objective on Carrier Global from $80.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. The Goldman Sachs Group assumed coverage on shares of Carrier Global in a research report on Thursday, December 12th. They set a “buy” rating and a $96.00 target price on the stock. Finally, Royal Bank of Canada decreased 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. 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. According to data from MarketBeat.com, Carrier Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.93.

Carrier Global Stock Down 1.6 %

NYSE:CARR opened at $64.17 on Monday. The stock has a fifty day simple moving average of $69.19 and a 200-day simple moving average of $72.36. 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 company has a market cap of $57.58 billion, a price-to-earnings ratio of 16.25, a price-to-earnings-growth ratio of 2.11 and a beta of 1.35. Carrier Global Co. has a twelve month low of $53.13 and a twelve month high of $83.32.

Carrier Global declared 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 outstanding shares. This buyback authorization allows the company to repurchase up to 4.6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Carrier Global Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, December 20th were given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 1.40%. The ex-dividend date was Friday, December 20th. This is a boost from Carrier Global’s previous quarterly dividend of $0.19. Carrier Global’s dividend payout ratio (DPR) is 22.78%.

Carrier Global Company 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.