Broderick Brian C Has $7.29 Million Position in Carrier Global Co. (NYSE:CARR)

Broderick Brian C raised its holdings in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 55.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 90,572 shares of the company's stock after purchasing an additional 32,414 shares during the quarter. Carrier Global accounts for 1.4% of Broderick Brian C's portfolio, making the stock its 27th largest position. Broderick Brian C's holdings in Carrier Global were worth $7,290,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in CARR. Sei Investments Co. grew its stake in Carrier Global by 0.6% in the first quarter. Sei Investments Co. now owns 238,181 shares of the company's stock worth $13,846,000 after purchasing an additional 1,519 shares in the last quarter. Entropy Technologies LP bought a new stake in shares of Carrier Global in the 1st quarter valued at approximately $583,000. Kingsview Wealth Management LLC increased its holdings in shares of Carrier Global by 8.0% in the 1st quarter. Kingsview Wealth Management LLC now owns 13,866 shares of the company's stock valued at $806,000 after acquiring an additional 1,023 shares during the last quarter. HBK Sorce Advisory LLC raised its position in shares of Carrier Global by 20.4% during the 1st quarter. HBK Sorce Advisory LLC now owns 10,012 shares of the company's stock valued at $582,000 after acquiring an additional 1,696 shares in the last quarter. Finally, Blair William & Co. IL lifted its stake in Carrier Global by 36.1% during the first quarter. Blair William & Co. IL now owns 149,758 shares of the company's stock worth $8,705,000 after purchasing an additional 39,739 shares during the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on CARR. Wells Fargo & Company dropped 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 report on Friday, October 25th. JPMorgan Chase & Co. initiated coverage on shares of Carrier Global in a report on Thursday, October 10th. They issued a "neutral" rating and a $83.00 target price on the stock. Wolfe Research raised Carrier Global from an "underperform" rating to a "peer perform" rating in a report on Friday, September 6th. Bank of America increased their price target on Carrier Global from $80.00 to $90.00 and gave the stock a "neutral" rating in a research report on Friday, October 18th. Finally, Stephens lowered their price objective on Carrier Global from $85.00 to $80.00 and set an "equal weight" rating for the company in a research note on Monday, October 28th. Seven investment 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 stock. Based on data from MarketBeat, Carrier Global presently has a consensus rating of "Moderate Buy" and a consensus price target of $82.31.

Carrier Global Price Performance

NYSE:CARR traded down $0.44 during mid-day trading on Friday, reaching $74.53. 4,549,950 shares of the company were exchanged, compared to its average volume of 4,173,714. The company has a quick ratio of 0.82, a current ratio of 1.08 and a debt-to-equity ratio of 0.69. The company has a fifty day moving average of $77.63 and a 200 day moving average of $69.69. Carrier Global Co. has a 12 month low of $51.20 and a 12 month high of $83.32. The stock has a market cap of $66.87 billion, a PE ratio of 18.98, a PEG ratio of 2.74 and a beta of 1.34.

Carrier Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Friday, October 25th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is 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 19.24%.

Carrier Global announced that its board has initiated a share repurchase plan on Thursday, October 24th that authorizes the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization authorizes the company to buy up to 4.6% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its shares are undervalued.

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.