Carrier Global Co. (NYSE:CARR) Shares Purchased by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. boosted its holdings in shares of Carrier Global Co. (NYSE:CARR) by 1.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,437 shares of the company’s stock after acquiring an additional 150 shares during the period. Great Valley Advisor Group Inc.’s holdings in Carrier Global were worth $759,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of CARR. FSM Wealth Advisors LLC boosted its stake in shares of Carrier Global by 2.2% during the third quarter. FSM Wealth Advisors LLC now owns 6,373 shares of the company’s stock valued at $513,000 after acquiring an additional 136 shares during the last quarter. Meridian Wealth Management LLC boosted its stake in shares of Carrier Global by 2.3% during the 3rd quarter. Meridian Wealth Management LLC now owns 6,030 shares of the company’s stock worth $485,000 after purchasing an additional 137 shares during the last quarter. Essex Savings Bank boosted its stake in shares of Carrier Global by 2.2% during the 3rd 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 last quarter. Boston Financial Mangement LLC grew 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 worth $741,000 after buying an additional 150 shares in the last quarter. Finally, Sittner & Nelson LLC raised its position in shares of Carrier Global by 4.9% in the third quarter. Sittner & Nelson LLC now owns 3,187 shares of the company’s stock valued at $257,000 after buying an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Up 2.4 %

Shares of Carrier Global stock opened at $78.86 on Tuesday. Carrier Global Co. has a twelve month low of $51.20 and a twelve month high of $83.32. The stock has a market cap of $70.76 billion, a price-to-earnings ratio of 19.96, a price-to-earnings-growth ratio of 2.77 and a beta of 1.34. 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 fifty day moving average price of $77.92 and a 200 day moving average price of $70.41.

Carrier Global declared that its board has authorized a share buyback program on Thursday, October 24th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the company to reacquire up to 4.6% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Carrier Global Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, October 25th were paid a $0.19 dividend. The ex-dividend date was Friday, October 25th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.96%. Carrier Global’s dividend payout ratio (DPR) is currently 19.24%.

Analyst Ratings Changes

Several research firms have commented on CARR. Oppenheimer lifted their target price on shares of Carrier Global from $74.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. Wells Fargo & Company lowered their price objective on Carrier Global from $82.00 to $76.00 and set an “equal weight” rating for the company in a research report on Friday, October 25th. Northcoast Research assumed coverage on Carrier Global in a research report on Friday. They set a “neutral” rating on the stock. JPMorgan Chase & Co. initiated coverage on Carrier Global in a report on Thursday, October 10th. They issued a “neutral” rating and a $83.00 price target for the company. Finally, Wolfe Research raised shares of Carrier Global from an “underperform” rating to a “peer perform” rating in a research note on Friday, September 6th. Eight analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Carrier Global has a consensus rating of “Moderate Buy” and an average price target of $82.31.

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.