Carrier Global Corporation $CARR Shares Acquired by Capital Management Corp VA

Capital Management Corp VA grew its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 39.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 120,162 shares of the company’s stock after purchasing an additional 33,785 shares during the period. Capital Management Corp VA’s holdings in Carrier Global were worth $7,174,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Costello Asset Management INC boosted its position in Carrier Global by 4.2% during the second quarter. Costello Asset Management INC now owns 3,153 shares of the company’s stock worth $231,000 after purchasing an additional 127 shares in the last quarter. Rehmann Capital Advisory Group grew its holdings in Carrier Global by 1.3% in the 2nd quarter. Rehmann Capital Advisory Group now owns 12,083 shares of the company’s stock valued at $884,000 after buying an additional 150 shares during the period. Penobscot Investment Management Company Inc. grew its holdings in Carrier Global by 0.7% in the second quarter. Penobscot Investment Management Company Inc. now owns 20,833 shares of the company’s stock valued at $1,525,000 after purchasing an additional 155 shares during the period. Kingsview Wealth Management LLC boosted its holdings in shares of Carrier Global by 1.0% in the 2nd quarter. Kingsview Wealth Management LLC now owns 17,110 shares of the company’s stock valued at $1,252,000 after purchasing an additional 165 shares during the last quarter. Finally, Empirical Finance LLC boosted its holdings in Carrier Global by 0.6% in the second quarter. Empirical Finance LLC now owns 29,227 shares of the company’s stock valued at $2,139,000 after acquiring an additional 168 shares during the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global Price Performance

NYSE CARR opened at $59.60 on Friday. Carrier Global Corporation has a 12 month low of $50.24 and a 12 month high of $81.09. The firm has a market capitalization of $50.20 billion, a PE ratio of 13.33, a P/E/G ratio of 2.40 and a beta of 1.31. The company’s 50 day simple moving average is $54.57 and its 200 day simple moving average is $59.80. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.14 and a quick ratio of 0.75.

Carrier Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Stockholders of record on Tuesday, January 20th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, January 20th. This represents a $0.96 annualized dividend and a dividend yield of 1.6%. This is an increase from Carrier Global’s previous quarterly dividend of $0.23. Carrier Global’s dividend payout ratio is presently 21.48%.

Carrier Global declared that its Board of Directors has authorized a share buyback program on Tuesday, October 28th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the company to buy up to 10.1% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research analysts recently commented on CARR shares. Weiss Ratings restated a “hold (c+)” rating on shares of Carrier Global in a report on Monday, December 29th. Oppenheimer reaffirmed a “market perform” rating on shares of Carrier Global in a research report on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Carrier Global from $70.00 to $64.00 and set a “hold” rating for the company in a research note on Wednesday, October 29th. UBS Group lowered their price objective on Carrier Global from $73.00 to $70.00 and set a “buy” rating for the company in a report on Monday, January 5th. Finally, Rothschild & Co Redburn decreased their price objective on shares of Carrier Global from $67.00 to $61.00 and set a “neutral” rating for the company in a report on Wednesday, January 21st. Ten research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.06.

About Carrier Global

Carrier Global Corporation is a leading global provider of heating, ventilation and air conditioning (HVAC), refrigeration, fire and security, and building automation solutions. The company designs, manufactures and sells a broad portfolio of products that includes air conditioners, furnaces, heat pumps, chillers, rooftop units, commercial refrigeration systems, fire and smoke detection and suppression systems, security sensors and access controls, and a range of building controls and analytics software.