Everett Harris & Co. CA Purchases 614 Shares of Carrier Global Co. (NYSE:CARR)

Everett Harris & Co. CA increased its holdings in shares of Carrier Global Co. (NYSE:CARR) by 4.9% in the fourth quarter, HoldingsChannel reports. The firm owned 13,152 shares of the company’s stock after buying an additional 614 shares during the period. Everett Harris & Co. CA’s holdings in Carrier Global were worth $898,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of CARR. Caprock Group LLC boosted its holdings in shares of Carrier Global by 23.9% during the 4th quarter. Caprock Group LLC now owns 25,974 shares of the company’s stock worth $1,779,000 after buying an additional 5,018 shares during the period. Hunter Associates Investment Management LLC grew its position in shares of Carrier Global by 0.9% in the fourth quarter. Hunter Associates Investment Management LLC now owns 22,048 shares of the company’s stock valued at $1,502,000 after purchasing an additional 195 shares during the last quarter. Crews Bank & Trust acquired a new stake in Carrier Global during the 4th quarter worth approximately $1,740,000. OLD National Bancorp IN boosted its stake in Carrier Global by 2.9% in the 4th quarter. OLD National Bancorp IN now owns 7,932 shares of the company’s stock valued at $541,000 after purchasing an additional 225 shares during the period. Finally, Busey Bank grew its holdings in Carrier Global by 12.5% in the 4th quarter. Busey Bank now owns 12,532 shares of the company’s stock valued at $855,000 after buying an additional 1,394 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Stock Performance

NYSE:CARR opened at $65.29 on Friday. The business’s fifty day moving average is $70.75 and its 200 day moving average is $72.47. The firm has a market cap of $58.58 billion, a price-to-earnings ratio of 16.53, a PEG ratio of 2.10 and a beta of 1.36. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.82 and a current ratio of 1.08. Carrier Global Co. has a 52-week low of $53.13 and a 52-week high of $83.32.

Carrier Global announced that its board has authorized a share buyback program on Thursday, October 24th that permits the company to buyback $3.00 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 4.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

Carrier Global Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, December 20th will be given a dividend of $0.225 per share. The ex-dividend date of this dividend 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 1.38%. Carrier Global’s dividend payout ratio is currently 22.78%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CARR. Northcoast Research initiated coverage on shares of Carrier Global in a research report on Friday, November 22nd. They issued a “neutral” rating for the company. UBS Group upgraded shares of Carrier Global from a “neutral” rating to a “buy” rating and set a $94.00 target price on the stock in a research report on Wednesday, November 13th. Citigroup reduced their price target on Carrier Global from $94.00 to $90.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Barclays cut their price target on shares of Carrier Global from $92.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Finally, Wells Fargo & Company decreased their target price on Carrier Global from $80.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Eight research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Carrier Global currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.93.

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.