Nomura Asset Management Co. Ltd. Has $19.24 Million Holdings in Carrier Global Co. (NYSE:CARR)

Nomura Asset Management Co. Ltd. boosted its stake in Carrier Global Co. (NYSE:CARR) by 7.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 238,988 shares of the company’s stock after buying an additional 15,609 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Carrier Global were worth $19,236,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. FSA Wealth Management LLC bought a new stake in shares of Carrier Global in the 3rd quarter worth about $28,000. McClarren Financial Advisors Inc. boosted its position in Carrier Global by 246.0% in the third quarter. McClarren Financial Advisors Inc. now owns 436 shares of the company’s stock valued at $35,000 after buying an additional 310 shares in the last quarter. Coastline Trust Co bought a new stake in Carrier Global during the third quarter worth about $37,000. Meeder Asset Management Inc. raised its stake in shares of Carrier Global by 675.0% in the second quarter. Meeder Asset Management Inc. now owns 465 shares of the company’s stock valued at $29,000 after acquiring an additional 405 shares during the last quarter. Finally, Country Trust Bank acquired a new position in shares of Carrier Global in the 3rd quarter worth approximately $40,000. 91.00% of the stock is currently owned by institutional investors.

Carrier Global Stock Down 0.5 %

NYSE:CARR opened at $72.83 on Wednesday. The stock’s fifty day simple moving average is $77.07 and its 200-day simple moving average is $71.14. The firm has a market capitalization of $65.35 billion, a P/E ratio of 18.44, a P/E/G ratio of 2.73 and a beta of 1.33. The company has a quick ratio of 0.82, a current ratio of 1.08 and a debt-to-equity ratio of 0.69. Carrier Global Co. has a 12-month low of $53.13 and a 12-month high of $83.32.

Carrier Global Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, December 20th will be paid a $0.225 dividend. The ex-dividend date is Friday, December 20th. This is a boost from Carrier Global’s previous quarterly dividend of $0.19. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.24%. Carrier Global’s dividend payout ratio is 19.24%.

Carrier Global announced that its Board of Directors has approved a stock buyback plan 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 plans are usually a sign that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CARR shares. Wolfe Research raised Carrier Global from an “underperform” rating to a “peer perform” rating in a report on Friday, September 6th. Bank of America raised their target price on Carrier Global from $80.00 to $90.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Northcoast Research began coverage on shares of Carrier Global in a research report on Friday, November 22nd. They set a “neutral” rating on the stock. Barclays raised their price objective on shares of Carrier Global from $89.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Finally, Wells Fargo & Company reduced their target price on shares of Carrier Global from $82.00 to $76.00 and set an “equal weight” rating on the stock in a research report on Friday, October 25th. Eight equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $82.54.

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.