Empirical Finance LLC Has $2.32 Million Stock Position in Carrier Global Co. (NYSE:CARR)

Empirical Finance LLC lifted its holdings in shares of Carrier Global Co. (NYSE:CARR) by 2.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,829 shares of the company’s stock after purchasing an additional 643 shares during the period. Empirical Finance LLC’s holdings in Carrier Global were worth $2,320,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. Frank Rimerman Advisors LLC boosted its stake in shares of Carrier Global by 54,708.0% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 13,702 shares of the company’s stock valued at $864,000 after purchasing an additional 13,677 shares during the last quarter. Quadrature Capital Ltd acquired a new position in shares of Carrier Global in the 1st quarter valued at about $2,019,000. Kintegral Advisory LLC boosted its holdings in shares of Carrier Global by 44.2% during the 2nd quarter. Kintegral Advisory LLC now owns 28,395 shares of the company’s stock worth $1,797,000 after buying an additional 8,705 shares in the last quarter. Rockport Wealth LLC acquired a new stake in shares of Carrier Global during the 1st quarter worth approximately $478,000. Finally, Foster Victor Wealth Advisors LLC bought a new position in Carrier Global during the second quarter worth $7,720,000. Institutional investors own 91.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CARR. Oppenheimer upped their price target on Carrier Global from $74.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. Wolfe Research upgraded Carrier Global from an “underperform” rating to a “peer perform” rating in a report on Friday, September 6th. Bank of America lifted their price target on shares of Carrier Global from $80.00 to $90.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Mizuho upped their price objective on shares of Carrier Global from $65.00 to $78.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Finally, Barclays reduced their price objective on shares of Carrier Global from $90.00 to $89.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $82.31.

Carrier Global Trading Down 0.6 %

NYSE:CARR opened at $74.53 on Friday. The company has a market cap of $66.87 billion, a PE ratio of 18.87, a price-to-earnings-growth ratio of 2.74 and a beta of 1.34. Carrier Global Co. has a 12 month low of $51.20 and a 12 month high of $83.32. 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 50 day simple moving average of $77.73 and a two-hundred day simple moving average of $69.78.

Carrier Global announced that its Board of Directors has authorized a share buyback plan on Thursday, October 24th that permits the company to buyback $3.00 billion in shares. This buyback authorization permits the company to purchase up to 4.6% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

Carrier Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Friday, October 25th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, October 25th. This represents a $0.76 annualized dividend and a yield of 1.02%. Carrier Global’s payout ratio is 19.24%.

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.