Carrier Global Co. (NYSE:CARR) Holdings Boosted by Farther Finance Advisors LLC

Farther Finance Advisors LLC boosted its holdings in Carrier Global Co. (NYSE:CARR) by 4.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,198 shares of the company’s stock after acquiring an additional 294 shares during the period. Farther Finance Advisors LLC’s holdings in Carrier Global were worth $579,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Frank Rimerman Advisors LLC increased 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 valued at $864,000 after purchasing an additional 13,677 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in shares of Carrier Global by 50.1% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 390,272 shares of the company’s stock valued at $22,687,000 after purchasing an additional 130,192 shares during the period. Quadrature Capital Ltd acquired a new stake in shares of Carrier Global in the first quarter valued at approximately $2,019,000. Kintegral Advisory LLC increased its stake in shares of Carrier Global by 44.2% in the second quarter. Kintegral Advisory LLC now owns 28,395 shares of the company’s stock valued at $1,797,000 after purchasing an additional 8,705 shares during the period. Finally, Rockport Wealth LLC acquired a new stake in shares of Carrier Global in the first quarter valued at approximately $478,000. Institutional investors own 91.00% of the company’s stock.

Insiders Place Their Bets

In related news, VP Ajay Agrawal sold 62,382 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $64.55, for a total value of $4,026,758.10. Following the completion of the transaction, the vice president now owns 103,066 shares of the company’s stock, valued at approximately $6,652,910.30. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 6.95% of the stock is currently owned by company insiders.

Carrier Global Trading Up 2.1 %

Carrier Global stock opened at $73.90 on Wednesday. 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 firm has a market cap of $66.31 billion, a price-to-earnings ratio of 18.71, a price-to-earnings-growth ratio of 2.61 and a beta of 1.34. Carrier Global Co. has a 1 year low of $49.62 and a 1 year high of $83.32. The firm’s 50 day moving average price is $76.94 and its two-hundred day moving average price is $68.94.

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

Carrier Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Friday, October 25th will be given a $0.19 dividend. The ex-dividend date is Friday, October 25th. This represents a $0.76 annualized dividend and a yield of 1.03%. Carrier Global’s dividend payout ratio (DPR) is 19.24%.

Wall Street Analysts Forecast Growth

CARR has been the topic of several analyst reports. Robert W. Baird dropped their price target on shares of Carrier Global from $88.00 to $86.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Wolfe Research upgraded shares of Carrier Global from an “underperform” rating to a “peer perform” rating in a research note on Friday, September 6th. Bank of America raised their price objective on shares of Carrier Global from $80.00 to $90.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Morgan Stanley began coverage on shares of Carrier Global in a research note on Friday, September 6th. They set an “equal weight” rating and a $75.00 price objective on the stock. Finally, Mizuho raised their price objective on shares of Carrier Global from $65.00 to $78.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Seven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $81.33.

About Carrier Global

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.