Carrier Global Co. (NYSE:CARR) Shares Purchased by Benjamin Edwards Inc.

Benjamin Edwards Inc. grew its position in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 1,111.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,588 shares of the company's stock after buying an additional 62,009 shares during the quarter. Benjamin Edwards Inc.'s holdings in Carrier Global were worth $5,440,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Frank Rimerman Advisors LLC increased its stake in Carrier Global by 54,708.0% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 13,702 shares of the company's stock worth $864,000 after buying an additional 13,677 shares in the last quarter. Kintegral Advisory LLC boosted its holdings in shares of Carrier Global by 44.2% during the 2nd quarter. Kintegral Advisory LLC now owns 28,395 shares of the company's stock valued at $1,797,000 after purchasing an additional 8,705 shares during the last quarter. Foster Victor Wealth Advisors LLC bought a new position in shares of Carrier Global during the 2nd quarter valued at about $7,720,000. Vista Investment Partners LLC bought a new position in shares of Carrier Global during the 2nd quarter valued at about $744,000. Finally, Cerity Partners LLC lifted its holdings in shares of Carrier Global by 39.0% in the 3rd quarter. Cerity Partners LLC now owns 136,821 shares of the company's stock valued at $11,013,000 after acquiring an additional 38,365 shares during the last quarter. 91.00% of the stock is owned by institutional investors.

Carrier Global Price Performance

NYSE CARR traded down $0.21 during trading hours on Wednesday, hitting $75.37. 2,771,631 shares of the company's stock traded hands, compared to its average volume of 4,208,451. Carrier Global Co. has a 52-week low of $52.44 and a 52-week high of $83.32. The company has a market capitalization of $67.62 billion, a PE ratio of 19.08, a PEG ratio of 2.82 and a beta of 1.33. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.08 and a quick ratio of 0.82. The firm's 50-day moving average is $77.47 and its 200-day moving average is $70.93.

Carrier Global Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, October 25th were issued a $0.19 dividend. The ex-dividend date of this dividend was Friday, October 25th. This represents a $0.76 annualized dividend and a yield of 1.01%. Carrier Global's payout ratio is 19.24%.

Carrier Global declared that its board has authorized a stock repurchase plan on Thursday, October 24th that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 4.6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Morgan Stanley began coverage on shares of Carrier Global in a research note on Friday, September 6th. They issued an "equal weight" rating and a $75.00 price objective for the company. UBS Group raised shares of Carrier Global from a "neutral" rating to a "buy" rating and set a $94.00 price objective on the stock in a report on Wednesday, November 13th. Oppenheimer lifted their price objective on shares of Carrier Global from $74.00 to $88.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 2nd. Stephens decreased their target price on shares of Carrier Global from $85.00 to $80.00 and set an "equal weight" rating for the company in a research report on Monday, October 28th. Finally, Wolfe Research upgraded shares of Carrier Global from an "underperform" rating to a "peer perform" rating in a research report on Friday, September 6th. Eight analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Carrier Global has a consensus rating of "Moderate Buy" and an average target price of $82.31.

Carrier Global Company 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.