15,100 Shares in Carrier Global Co. (NYSE:CARR) Bought by Caldwell Investment Management Ltd.

Caldwell Investment Management Ltd. acquired a new stake in shares of Carrier Global Co. (NYSE:CARR - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 15,100 shares of the company's stock, valued at approximately $1,215,000. Carrier Global comprises about 0.9% of Caldwell Investment Management Ltd.'s investment portfolio, making the stock its 25th largest position.

Other institutional investors have also recently made changes to their positions in the company. FSM Wealth Advisors LLC lifted its holdings in shares of Carrier Global by 2.2% in the 3rd quarter. FSM Wealth Advisors LLC now owns 6,373 shares of the company's stock valued at $513,000 after acquiring an additional 136 shares during the last quarter. Essex Savings Bank boosted its holdings in shares of Carrier Global by 2.2% in the 3rd quarter. Essex Savings Bank now owns 6,608 shares of the company's stock worth $532,000 after purchasing an additional 144 shares during the period. Boston Financial Mangement LLC raised its holdings in Carrier Global by 1.7% during the 3rd quarter. Boston Financial Mangement LLC now owns 9,208 shares of the company's stock valued at $741,000 after buying an additional 150 shares during the period. Sittner & Nelson LLC raised its holdings in Carrier Global by 4.9% during the 3rd quarter. Sittner & Nelson LLC now owns 3,187 shares of the company's stock valued at $257,000 after buying an additional 150 shares during the period. Finally, Marathon Capital Management lifted its position in Carrier Global by 4.1% in the second quarter. Marathon Capital Management now owns 3,923 shares of the company's stock worth $247,000 after buying an additional 156 shares during the last quarter. Hedge funds and other institutional investors own 91.00% of the company's stock.

Carrier Global Stock Up 0.3 %

Shares of CARR traded up $0.22 during mid-day trading on Tuesday, hitting $74.27. The company's stock had a trading volume of 6,252,894 shares, compared to its average volume of 4,185,785. The firm has a market capitalization of $66.64 billion, a price-to-earnings ratio of 18.80, a PEG ratio of 2.68 and a beta of 1.34. The company's 50-day moving average is $77.84 and its 200-day moving average is $70.07. The company has a current ratio of 1.08, a quick ratio of 0.82 and a debt-to-equity ratio of 0.69. Carrier Global Co. has a 52-week low of $51.20 and a 52-week high of $83.32.

Carrier Global announced that its board has approved a stock buyback plan on Thursday, October 24th that permits the company to buyback $3.00 billion in shares. This buyback authorization permits the company to purchase up to 4.6% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board believes its stock is undervalued.

Carrier Global Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.02%. Carrier Global's dividend payout ratio is presently 19.24%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Bank of America increased their target price on shares of Carrier Global from $80.00 to $90.00 and gave the company a "neutral" rating in a research note on Friday, October 18th. Barclays decreased their price objective on shares of Carrier Global from $90.00 to $89.00 and set an "overweight" rating for the company in a research note on Friday, October 25th. Wells Fargo & Company cut their target price on Carrier Global from $82.00 to $76.00 and set an "equal weight" rating on the stock in a research note on Friday, October 25th. Morgan Stanley initiated coverage on Carrier Global in a report on Friday, September 6th. They issued an "equal weight" rating and a $75.00 price target on the stock. Finally, Royal Bank of Canada dropped their price objective on Carrier Global from $91.00 to $87.00 and set an "outperform" rating for the company in a report on Friday, October 25th. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Carrier Global currently has a consensus rating of "Moderate Buy" and an average price target 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.