Natixis Advisors LLC Has $22.55 Million Stake in Carrier Global Co. (NYSE:CARR)

Natixis Advisors LLC grew its stake in Carrier Global Co. (NYSE:CARR - Free Report) by 25.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 280,146 shares of the company's stock after acquiring an additional 57,042 shares during the period. Natixis Advisors LLC's holdings in Carrier Global were worth $22,549,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Mizuho Securities USA LLC raised its stake in shares of Carrier Global by 1,428.4% in the third quarter. Mizuho Securities USA LLC now owns 987,500 shares of the company's stock worth $79,484,000 after acquiring an additional 922,892 shares during the last quarter. Coastline Trust Co bought a new position in shares of Carrier Global in the third quarter worth about $37,000. KCM Investment Advisors LLC grew its position in shares of Carrier Global by 1.4% during the 3rd quarter. KCM Investment Advisors LLC now owns 21,363 shares of the company's stock worth $1,720,000 after buying an additional 297 shares during the period. Empirical Finance LLC grew its position in shares of Carrier Global by 2.3% during the 3rd quarter. Empirical Finance LLC now owns 28,829 shares of the company's stock worth $2,320,000 after buying an additional 643 shares during the period. Finally, Sheaff Brock Investment Advisors LLC acquired a new stake in shares of Carrier Global during the 3rd quarter worth approximately $1,068,000. 91.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CARR has been the subject of several analyst reports. Wells Fargo & Company lowered their price target on shares of Carrier Global from $82.00 to $76.00 and set an "equal weight" rating for the company in a research report on Friday, October 25th. Wolfe Research upgraded shares of Carrier Global from an "underperform" rating to a "peer perform" rating in a research report on Friday, September 6th. Robert W. Baird lowered their price target on shares of Carrier Global from $88.00 to $86.00 and set an "outperform" rating for the company in a research report on Friday, October 25th. Mizuho lifted their price target 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. Finally, Stephens decreased their price objective on shares of Carrier Global from $85.00 to $80.00 and set an "equal weight" rating for the company in a report on Monday, October 28th. Seven 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $82.31.

Carrier Global Stock Up 0.4 %

NYSE CARR traded up $0.29 during trading on Tuesday, hitting $74.34. The stock had a trading volume of 4,626,061 shares, compared to its average volume of 4,177,384. Carrier Global Co. has a 12 month low of $51.20 and a 12 month 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 company's 50-day moving average price is $77.79 and its two-hundred day moving average price is $69.99. The company has a market capitalization of $66.70 billion, a PE ratio of 18.75, a P/E/G ratio of 2.68 and a beta of 1.34.

Carrier Global Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, October 25th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend was Friday, October 25th. Carrier Global's dividend payout ratio (DPR) is currently 19.24%.

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

Carrier Global 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.