Carrier Global Co. (NYSE:CARR) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC increased its position in Carrier Global Co. (NYSE:CARR - Free Report) by 39.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 136,821 shares of the company's stock after purchasing an additional 38,365 shares during the quarter. Cerity Partners LLC's holdings in Carrier Global were worth $11,013,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. FSM Wealth Advisors LLC boosted its stake in Carrier Global by 2.2% during 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. Meridian Wealth Management LLC boosted its stake in Carrier Global by 2.3% during the 3rd quarter. Meridian Wealth Management LLC now owns 6,030 shares of the company's stock valued at $485,000 after acquiring an additional 137 shares during the last quarter. Essex Savings Bank boosted its stake in Carrier Global by 2.2% during the 3rd quarter. Essex Savings Bank now owns 6,608 shares of the company's stock valued at $532,000 after acquiring an additional 144 shares during the last quarter. Boston Financial Mangement LLC boosted its stake 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 acquiring an additional 150 shares during the last quarter. Finally, Sittner & Nelson LLC boosted its stake 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 acquiring an additional 150 shares during the last quarter. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on CARR shares. Oppenheimer increased their price objective on shares of Carrier Global from $74.00 to $88.00 and gave the company an "outperform" rating in a research note on Wednesday, October 2nd. UBS Group raised shares of Carrier Global from a "neutral" rating to a "buy" rating and set a $94.00 target price on the stock in a report on Wednesday, November 13th. Mizuho increased their target price on shares of Carrier Global from $65.00 to $78.00 and gave the stock a "neutral" rating in a report on Thursday, October 17th. Wolfe Research raised shares of Carrier Global from an "underperform" rating to a "peer perform" rating in a report on Friday, September 6th. Finally, Robert W. Baird dropped their target price on shares of Carrier Global from $88.00 to $86.00 and set an "outperform" rating on the stock in a report on Friday, October 25th. Eight research 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. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $82.31.

Carrier Global Stock Down 2.5 %

CARR stock opened at $76.91 on Wednesday. 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 fifty-two week low of $51.20 and a fifty-two week high of $83.32. The firm's 50-day simple moving average is $77.90 and its 200 day simple moving average is $70.49. The stock has a market cap of $69.01 billion, a PE ratio of 19.47, a price-to-earnings-growth ratio of 2.77 and a beta of 1.34.

Carrier Global Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, October 25th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Friday, October 25th. This represents a $0.76 annualized dividend and a yield of 0.99%. Carrier Global's payout ratio is 19.24%.

Carrier Global declared that its board has approved a stock buyback plan on Thursday, October 24th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 4.6% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's management 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.