Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD Buys 119,979 Shares of Carrier Global Corporation $CARR

Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD raised its position in Carrier Global Corporation (NYSE:CARR) by 79.3% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 271,207 shares of the company’s stock after acquiring an additional 119,979 shares during the period. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD’s holdings in Carrier Global were worth $16,147,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of CARR. Spirepoint Private Client LLC lifted its holdings in Carrier Global by 547.7% during the third quarter. Spirepoint Private Client LLC now owns 60,694 shares of the company’s stock worth $3,623,000 after acquiring an additional 51,324 shares during the period. Foster Victor Wealth Advisors LLC boosted its holdings in shares of Carrier Global by 24.1% in the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 216,777 shares of the company’s stock worth $12,931,000 after buying an additional 42,161 shares during the last quarter. Oak Thistle LLC purchased a new stake in Carrier Global during the third quarter worth about $1,986,000. Triasima Portfolio Management inc. bought a new stake in Carrier Global in the second quarter worth about $1,421,000. Finally, Brookstone Capital Management boosted its stake in Carrier Global by 220.8% in the third quarter. Brookstone Capital Management now owns 51,852 shares of the company’s stock valued at $3,096,000 after acquiring an additional 35,691 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on CARR. UBS Group reduced 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. Wolfe Research reduced their target price on shares of Carrier Global from $74.00 to $70.00 and set an “outperform” rating for the company in a research note on Thursday, January 15th. Zacks Research upgraded shares of Carrier Global from a “strong sell” rating to a “hold” rating in a research note on Friday, November 21st. Barclays cut their price target on Carrier Global from $74.00 to $72.00 and set an “overweight” rating for the company in a report on Wednesday, December 10th. Finally, Rothschild & Co Redburn cut their target price on Carrier Global from $67.00 to $61.00 and set a “neutral” rating for the company in a research note on Wednesday, January 21st. Ten investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $69.06.

Carrier Global Trading Up 1.4%

Shares of CARR opened at $61.18 on Wednesday. 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 Corporation has a 1-year low of $50.24 and a 1-year high of $81.09. The company has a market capitalization of $51.53 billion, a P/E ratio of 13.69, a P/E/G ratio of 2.43 and a beta of 1.33. The firm’s 50 day simple moving average is $54.89 and its 200 day simple moving average is $59.47.

Carrier Global Increases Dividend

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

Carrier Global declared that its board has approved a stock buyback plan on Tuesday, October 28th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 10.1% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its shares are undervalued.

Carrier Global Profile

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.