Townsquare Capital LLC Has $1.32 Million Stock Holdings in Carrier Global Co. (NYSE:CARR)

Townsquare Capital LLC boosted its position in shares of Carrier Global Co. (NYSE:CARR) by 67.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,337 shares of the company’s stock after purchasing an additional 6,608 shares during the period. Townsquare Capital LLC’s holdings in Carrier Global were worth $1,315,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. PineStone Asset Management Inc. lifted its holdings in shares of Carrier Global by 139.7% during the 2nd quarter. PineStone Asset Management Inc. now owns 6,418,883 shares of the company’s stock valued at $404,903,000 after buying an additional 3,741,206 shares during the last quarter. FMR LLC raised 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 valued at $702,603,000 after acquiring an additional 2,320,909 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in Carrier Global in the second quarter valued at approximately $58,415,000. Mizuho Securities USA LLC grew its position in Carrier Global by 1,428.4% in the third quarter. Mizuho Securities USA LLC now owns 987,500 shares of the company’s stock worth $79,484,000 after acquiring an additional 922,892 shares in the last quarter. Finally, International Assets Investment Management LLC increased its stake in shares of Carrier Global by 8,797.3% during the 3rd 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. Institutional investors and hedge funds own 91.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CARR. 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. Royal Bank of Canada decreased their price target on Carrier Global from $91.00 to $87.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Stephens cut their price objective on Carrier Global from $85.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Monday, October 28th. Wolfe Research raised Carrier Global from an “underperform” rating to a “peer perform” rating in a research report on Friday, September 6th. Finally, 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. Eight equities research analysts have rated the stock with a hold rating, seven have assigned 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 price target of $82.31.

Carrier Global Stock Up 0.6 %

Shares of CARR opened at $77.37 on Monday. Carrier Global Co. has a 52 week low of $51.20 and a 52 week high of $83.32. The firm has a market capitalization of $69.42 billion, a P/E ratio of 19.59, a P/E/G ratio of 2.86 and a beta of 1.34. The company has a 50-day simple moving average of $77.75 and a 200-day simple moving average of $70.75. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, October 25th were given a $0.19 dividend. The ex-dividend date was Friday, October 25th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.98%. Carrier Global’s dividend payout ratio is currently 19.24%.

Carrier Global declared that its Board of Directors has approved a share repurchase plan on Thursday, October 24th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the company to purchase up to 4.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

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.