Carrier Global Co. (NYSE:CARR) Stock Holdings Raised by TFG Advisers LLC

TFG Advisers LLC lifted its stake in shares of Carrier Global Co. (NYSE:CARR) by 3.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,751 shares of the company’s stock after purchasing an additional 272 shares during the period. TFG Advisers LLC’s holdings in Carrier Global were worth $529,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Atomi Financial Group Inc. increased its stake in Carrier Global by 20.9% during the third quarter. Atomi Financial Group Inc. now owns 5,528 shares of the company’s stock valued at $445,000 after purchasing an additional 956 shares during the last quarter. Brookstone Capital Management boosted its holdings in shares of Carrier Global by 9.4% in the 3rd quarter. Brookstone Capital Management now owns 5,999 shares of the company’s stock valued at $483,000 after buying an additional 513 shares during the period. Marcum Wealth LLC bought a new stake in shares of Carrier Global during the 3rd quarter valued at about $211,000. Wedmont Private Capital raised its stake in Carrier Global by 5.8% during the third quarter. Wedmont Private Capital now owns 20,779 shares of the company’s stock worth $1,671,000 after acquiring an additional 1,145 shares during the period. Finally, UMB Bank n.a. lifted its holdings in Carrier Global by 1.6% in the third quarter. UMB Bank n.a. now owns 13,150 shares of the company’s stock worth $1,058,000 after acquiring an additional 206 shares during the last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CARR has been the topic of a number of research reports. Royal Bank of Canada dropped their price target on Carrier Global from $87.00 to $86.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. JPMorgan Chase & Co. dropped their target price on Carrier Global from $83.00 to $77.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Bank of America boosted their price target on shares of Carrier Global from $80.00 to $90.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Northcoast Research assumed coverage on shares of Carrier Global in a research report on Friday, November 22nd. They issued a “neutral” rating on the stock. Finally, Mizuho upped their target price on shares of Carrier Global from $65.00 to $78.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Eight equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.93.

Carrier Global Stock Down 1.6 %

Shares of CARR stock opened at $64.17 on Friday. Carrier Global Co. has a 1 year low of $53.13 and a 1 year high of $83.32. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.82 and a current ratio of 1.08. The business’s fifty day moving average is $69.45 and its 200-day moving average is $72.35. The stock has a market cap of $57.58 billion, a PE ratio of 16.25, a price-to-earnings-growth ratio of 2.12 and a beta of 1.35.

Carrier Global Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, December 20th were issued a dividend of $0.225 per share. This is a positive change from Carrier Global’s previous quarterly dividend of $0.19. This represents a $0.90 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date was Friday, December 20th. Carrier Global’s payout ratio is presently 22.78%.

Carrier Global declared that its board has authorized a stock buyback plan on Thursday, October 24th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the company to buy up to 4.6% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

About Carrier Global

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.