Carrier Global Co. (NYSE:CARR) Stock Position Raised by Hunter Associates Investment Management LLC

Hunter Associates Investment Management LLC boosted its holdings in Carrier Global Co. (NYSE:CARR) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,048 shares of the company’s stock after acquiring an additional 195 shares during the period. Hunter Associates Investment Management LLC’s holdings in Carrier Global were worth $1,502,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CARR. FSA Wealth Management LLC acquired a new stake in shares of Carrier Global in the 3rd quarter worth about $28,000. McClarren Financial Advisors Inc. increased its stake in shares of Carrier Global by 246.0% in the third quarter. McClarren Financial Advisors Inc. now owns 436 shares of the company’s stock valued at $35,000 after purchasing an additional 310 shares during the period. Coastline Trust Co bought a new stake in shares of Carrier Global during the third quarter valued at approximately $37,000. Country Trust Bank acquired a new position in shares of Carrier Global during the third quarter worth approximately $40,000. Finally, Capital Performance Advisors LLP bought a new position in Carrier Global in the 3rd quarter worth approximately $44,000. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Mizuho lifted their target price on Carrier Global from $65.00 to $78.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Barclays reduced their price objective on shares of Carrier Global from $92.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Robert W. Baird dropped their price target on shares of Carrier Global from $88.00 to $86.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. UBS Group upgraded shares of Carrier Global from a “neutral” rating to a “buy” rating and set a $94.00 price objective for the company in a report on Wednesday, November 13th. Finally, Northcoast Research began coverage on Carrier Global in a report on Friday, November 22nd. They set a “neutral” rating on the stock. Eight equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $83.93.

Carrier Global Trading Up 1.7 %

Shares of NYSE CARR opened at $65.90 on Friday. 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 12 month low of $53.13 and a 12 month high of $83.32. The company has a market cap of $59.12 billion, a price-to-earnings ratio of 16.68, a P/E/G ratio of 2.10 and a beta of 1.36. The business has a fifty day simple moving average of $70.95 and a 200-day simple moving average of $72.51.

Carrier Global Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, December 20th will be paid a dividend of $0.225 per share. The ex-dividend date 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 1.37%. Carrier Global’s dividend payout ratio is currently 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 purchase up to 4.6% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

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.