Sawyer & Company Inc Increases Stock Position in Carrier Global Co. (NYSE:CARR)

Sawyer & Company Inc boosted its stake in shares of Carrier Global Co. (NYSE:CARR) by 2,359.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,500 shares of the company’s stock after purchasing an additional 1,439 shares during the quarter. Sawyer & Company Inc’s holdings in Carrier Global were worth $102,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. FSA Wealth Management LLC purchased a new position in shares of Carrier Global in the 3rd quarter valued at approximately $28,000. McClarren Financial Advisors Inc. lifted its stake in shares of Carrier Global by 246.0% during the third quarter. McClarren Financial Advisors Inc. now owns 436 shares of the company’s stock worth $35,000 after buying an additional 310 shares during the period. Coastline Trust Co purchased a new position in Carrier Global in the 3rd quarter worth $37,000. Country Trust Bank purchased a new stake in Carrier Global during the 3rd quarter valued at about $40,000. Finally, Capital Performance Advisors LLP acquired 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.

Analyst Ratings Changes

Several research analysts recently issued reports on CARR shares. UBS Group raised shares of Carrier Global from a “neutral” rating to a “buy” rating and set a $94.00 target price for the company in a report on Wednesday, November 13th. Bank of America lifted their price target on Carrier Global from $80.00 to $90.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. The Goldman Sachs Group assumed coverage on shares of Carrier Global in a report on Thursday, December 12th. They set a “buy” rating and a $96.00 target price for the company. Barclays decreased their price objective on shares of Carrier Global from $92.00 to $90.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Finally, Northcoast Research initiated coverage on Carrier Global in a research report on Friday, November 22nd. They set a “neutral” rating on the stock. Eight investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $83.93.

Carrier Global Stock Up 0.8 %

NYSE CARR opened at $68.93 on Thursday. The business has a fifty day moving average price of $72.34 and a 200 day moving average price of $72.17. 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 company has a market cap of $61.85 billion, a P/E ratio of 17.45, a P/E/G ratio of 2.73 and a beta of 1.36. Carrier Global Co. has a one year low of $53.13 and a one year high of $83.32.

Carrier Global Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, December 20th will be given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.31%. This is a boost from Carrier Global’s previous quarterly dividend of $0.19. The ex-dividend date is Friday, December 20th. Carrier Global’s dividend payout ratio is 22.78%.

Carrier Global announced that its Board of Directors has initiated a stock repurchase plan on Thursday, October 24th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the company to buy up to 4.6% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are 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.