Carrier Global Co. (NYSE:CARR) Shares Sold by FORA Capital LLC

FORA Capital LLC decreased its position in Carrier Global Co. (NYSE:CARR) by 42.2% in the third quarter, HoldingsChannel.com reports. The fund owned 24,439 shares of the company’s stock after selling 17,835 shares during the period. FORA Capital LLC’s holdings in Carrier Global were worth $1,967,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Frank Rimerman Advisors LLC raised its stake in shares of Carrier Global by 54,708.0% in the second quarter. Frank Rimerman Advisors LLC now owns 13,702 shares of the company’s stock worth $864,000 after purchasing an additional 13,677 shares during the last quarter. Kintegral Advisory LLC raised its position in 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 during the last quarter. Foster Victor Wealth Advisors LLC acquired a new stake in Carrier Global during the 2nd quarter valued at approximately $7,720,000. Vista Investment Partners LLC acquired a new position in Carrier Global during the second quarter valued at $744,000. Finally, Janus Henderson Group PLC boosted its holdings in Carrier Global by 28.8% in the first quarter. Janus Henderson Group PLC now owns 294,437 shares of the company’s stock valued at $17,114,000 after purchasing an additional 65,796 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Stock Down 0.1 %

Shares of NYSE CARR opened at $76.89 on Thursday. The stock has a market cap of $68.99 billion, a PE ratio of 19.47, a P/E/G ratio of 2.83 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. Carrier Global Co. has a 12-month low of $51.20 and a 12-month high of $83.32. The company has a 50-day moving average of $77.87 and a 200 day moving average of $70.54.

Carrier Global Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, October 25th were issued a $0.19 dividend. The ex-dividend date was Friday, October 25th. This represents a $0.76 annualized dividend and a dividend yield of 0.99%. Carrier Global’s dividend payout ratio is presently 19.24%.

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on CARR shares. JPMorgan Chase & Co. began coverage on Carrier Global in a report on Thursday, October 10th. They issued a “neutral” rating and a $83.00 price objective for the company. Morgan Stanley began coverage on shares of Carrier Global in a report on Friday, September 6th. They set an “equal weight” rating and a $75.00 target price for the company. Wolfe Research raised shares of 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 Carrier Global from $80.00 to $90.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Finally, Stephens lowered their price target on Carrier Global from $85.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Monday, October 28th. 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 MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $82.31.

Carrier Global 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.