Carrier Global Co. (NYSE:CARR) Stock Holdings Boosted by Broderick Brian C

Broderick Brian C lifted its position in Carrier Global Co. (NYSE:CARR) by 55.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 90,572 shares of the company’s stock after buying an additional 32,414 shares during the period. Carrier Global makes up 1.4% of Broderick Brian C’s holdings, making the stock its 27th largest position. Broderick Brian C’s holdings in Carrier Global were worth $7,290,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. FSM Wealth Advisors LLC increased its holdings in shares of Carrier Global by 2.2% in the third quarter. FSM Wealth Advisors LLC now owns 6,373 shares of the company’s stock valued at $513,000 after buying an additional 136 shares in the last quarter. Essex Savings Bank raised its position in shares of Carrier Global by 2.2% during the third quarter. Essex Savings Bank now owns 6,608 shares of the company’s stock worth $532,000 after purchasing an additional 144 shares during the period. Boston Financial Mangement LLC lifted its holdings in shares of Carrier Global by 1.7% during the third quarter. Boston Financial Mangement LLC now owns 9,208 shares of the company’s stock valued at $741,000 after purchasing an additional 150 shares during the last quarter. Sittner & Nelson LLC boosted its position in shares of Carrier Global by 4.9% in the 3rd quarter. Sittner & Nelson LLC now owns 3,187 shares of the company’s stock valued at $257,000 after purchasing an additional 150 shares during the period. Finally, Marathon Capital Management increased its stake in Carrier Global by 4.1% in the 2nd quarter. Marathon Capital Management now owns 3,923 shares of the company’s stock worth $247,000 after purchasing an additional 156 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Stock Down 1.9 %

CARR opened at $74.97 on Friday. The firm has a market cap of $67.27 billion, a P/E ratio of 18.98, a price-to-earnings-growth ratio of 2.74 and a beta of 1.34. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.82 and a current ratio of 1.08. The business has a 50 day moving average price of $77.51 and a 200 day moving average price of $69.66. Carrier Global Co. has a twelve month low of $51.20 and a twelve month high of $83.32.

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 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Friday, October 25th will be paid 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 1.01%. Carrier Global’s payout ratio is presently 19.24%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CARR. Mizuho boosted their price target on shares of Carrier Global from $65.00 to $78.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Morgan Stanley assumed coverage on Carrier Global in a research note on Friday, September 6th. They issued an “equal weight” rating and a $75.00 price objective for the company. Bank of America increased their target price 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. Oppenheimer lifted their price objective on Carrier Global from $74.00 to $88.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. Finally, Wells Fargo & Company cut their price target on Carrier Global from $82.00 to $76.00 and set an “equal weight” rating for the company in a research note on Friday, October 25th. 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. According to data from MarketBeat, Carrier Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.31.

Carrier Global 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.