Blue Square Asset Management LLC Purchases 1,006 Shares of Carrier Global Co. (NYSE:CARR)

Blue Square Asset Management LLC lifted its position in Carrier Global Co. (NYSE:CARR) by 3.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 33,585 shares of the company’s stock after purchasing an additional 1,006 shares during the quarter. Blue Square Asset Management LLC’s holdings in Carrier Global were worth $2,293,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CARR. FMR LLC grew its position in Carrier Global by 36.2% during the third quarter. FMR LLC now owns 8,729,073 shares of the company’s stock worth $702,603,000 after buying an additional 2,320,909 shares in the last quarter. Zurich Insurance Group Ltd FI bought a new stake in shares of Carrier Global during the 3rd quarter valued at about $130,479,000. Mizuho Securities USA LLC grew its holdings in shares of Carrier Global by 1,428.4% during the third quarter. Mizuho Securities USA LLC now owns 987,500 shares of the company’s stock worth $79,484,000 after purchasing an additional 922,892 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of Carrier Global by 8,797.3% in the third quarter. International Assets Investment Management LLC now owns 907,258 shares of the company’s stock worth $730,250,000 after purchasing an additional 897,061 shares during the last quarter. Finally, State Street Corp raised its stake in Carrier Global by 1.4% in the third quarter. State Street Corp now owns 33,665,505 shares of the company’s stock valued at $2,709,736,000 after purchasing an additional 469,108 shares in the last quarter. Institutional investors own 91.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Citigroup cut their price target on shares of Carrier Global from $94.00 to $90.00 and set a “buy” rating for the company in a research note on Monday, January 13th. JPMorgan Chase & Co. reduced their target price on Carrier Global from $83.00 to $77.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Mizuho lifted their price target on Carrier Global from $65.00 to $78.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. UBS Group upgraded Carrier Global from a “neutral” rating to a “buy” rating and set a $94.00 price objective on the stock in a research report on Wednesday, November 13th. Finally, Stephens dropped their target price on Carrier Global from $85.00 to $80.00 and set an “equal weight” rating for the company in a research report on Monday, October 28th. Eight investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.93.

Carrier Global Trading Up 0.2 %

Shares of CARR opened at $70.05 on Friday. The firm has a fifty day simple moving average of $71.42 and a two-hundred day simple moving average of $72.42. Carrier Global Co. has a twelve month low of $53.13 and a twelve month high of $83.32. The stock has a market capitalization of $62.85 billion, a P/E ratio of 17.74, a PEG ratio of 2.26 and a beta of 1.36. 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 declared that its Board of Directors has approved a share 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 stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Carrier Global Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, December 20th will be paid a $0.225 dividend. The ex-dividend date is Friday, December 20th. This is a boost from Carrier Global’s previous quarterly dividend of $0.19. This represents a $0.90 annualized dividend and a dividend yield of 1.28%. Carrier Global’s dividend payout ratio (DPR) is presently 22.78%.

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.