Mutual Advisors LLC Purchases 15,188 Shares of Carrier Global Corporation $CARR

Mutual Advisors LLC grew its holdings in Carrier Global Corporation (NYSE:CARR) by 124.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 27,351 shares of the company’s stock after acquiring an additional 15,188 shares during the period. Mutual Advisors LLC’s holdings in Carrier Global were worth $1,562,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Terra Alpha Investments LLC acquired a new position in Carrier Global in the 3rd quarter valued at $1,974,000. Lingohr Asset Management GmbH bought a new position in Carrier Global during the third quarter worth about $3,414,000. National Pension Service increased its position in Carrier Global by 1.2% during the third quarter. National Pension Service now owns 2,651,861 shares of the company’s stock worth $158,316,000 after acquiring an additional 30,812 shares during the period. AlphaQuest LLC raised its stake in Carrier Global by 103.5% in the 3rd quarter. AlphaQuest LLC now owns 18,241 shares of the company’s stock worth $1,089,000 after purchasing an additional 9,277 shares in the last quarter. Finally, Pegasus Asset Management Inc. boosted its holdings in Carrier Global by 1.5% in the 3rd quarter. Pegasus Asset Management Inc. now owns 83,681 shares of the company’s stock valued at $4,996,000 after purchasing an additional 1,258 shares during the period. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Price Performance

Shares of NYSE:CARR opened at $61.18 on Wednesday. Carrier Global Corporation has a one year low of $50.24 and a one year high of $81.09. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.14 and a quick ratio of 0.75. The company has a market cap of $51.53 billion, a price-to-earnings ratio of 13.69, a PEG ratio of 2.43 and a beta of 1.33. The firm has a 50 day simple moving average of $54.89 and a 200 day simple moving average of $59.47.

Carrier Global Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Investors of record on Tuesday, January 20th will be issued a dividend of $0.24 per share. This is a positive change from Carrier Global’s previous quarterly dividend of $0.23. 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%. Carrier Global’s dividend payout ratio (DPR) is 21.48%.

Carrier Global declared that its board has approved a stock repurchase plan on Tuesday, October 28th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the company to repurchase up to 10.1% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price target on Carrier Global from $60.00 to $63.00 and gave the company a “neutral” rating in a research note on Friday, January 16th. Morgan Stanley set a $55.00 target price on Carrier Global in a report on Thursday, January 8th. Robert W. Baird reduced their price objective on shares of Carrier Global from $72.00 to $66.00 and set an “outperform” rating on the stock in a research note on Monday, January 26th. Weiss Ratings restated a “hold (c+)” rating on shares of Carrier Global in a research report on Monday, December 29th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Carrier Global from $70.00 to $64.00 and set a “hold” rating on the stock in a research report on Wednesday, October 29th. Ten research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.