Carrier Global Co. (NYSE:CARR) Shares Acquired by Fisher Asset Management LLC

Fisher Asset Management LLC increased its stake in shares of Carrier Global Co. (NYSE:CARR) by 1.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,267,109 shares of the company’s stock after purchasing an additional 269,538 shares during the period. Fisher Asset Management LLC owned 1.59% of Carrier Global worth $1,148,360,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. EntryPoint Capital LLC purchased a new stake in Carrier Global during the 1st quarter worth about $38,000. BOKF NA raised its position in shares of Carrier Global by 4.8% in the first quarter. BOKF NA now owns 17,384 shares of the company’s stock valued at $998,000 after buying an additional 804 shares during the last quarter. Silvercrest Asset Management Group LLC raised its position in shares of Carrier Global by 3.8% in the first quarter. Silvercrest Asset Management Group LLC now owns 47,792 shares of the company’s stock valued at $2,778,000 after buying an additional 1,761 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of Carrier Global by 28.8% during the first quarter. Janus Henderson Group PLC now owns 294,437 shares of the company’s stock valued at $17,114,000 after buying an additional 65,796 shares during the period. Finally, B. Riley Wealth Advisors Inc. boosted its position in Carrier Global by 203.3% during the first quarter. B. Riley Wealth Advisors Inc. now owns 40,429 shares of the company’s stock worth $2,232,000 after acquiring an additional 27,100 shares during the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on CARR. Mizuho boosted their price target on Carrier Global from $65.00 to $78.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Wells Fargo & Company dropped their target price 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. 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 target on the stock. Royal Bank of Canada lowered their price target on Carrier Global from $91.00 to $87.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Finally, Barclays cut their price objective on shares of Carrier Global from $90.00 to $89.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Eight investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $82.31.

Carrier Global Stock Performance

Shares of CARR stock opened at $77.00 on Monday. 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 $69.09 billion, a PE ratio of 19.49, a P/E/G ratio of 2.73 and a beta of 1.34. The company’s fifty day simple moving average is $77.88 and its 200-day simple moving average is $70.32. Carrier Global Co. has a 52 week low of $51.20 and a 52 week high of $83.32.

Carrier Global Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, October 25th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.99%. The ex-dividend date was Friday, October 25th. Carrier Global’s dividend payout ratio (DPR) is presently 19.24%.

Carrier Global announced that its board has initiated a share repurchase plan on Thursday, October 24th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the company to buy up to 4.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

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.