Waldron Private Wealth LLC Has $1.13 Million Stake in Carrier Global Co. (NYSE:CARR)

Waldron Private Wealth LLC increased its holdings in Carrier Global Co. (NYSE:CARR - Free Report) by 90.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,532 shares of the company's stock after purchasing an additional 7,854 shares during the period. Waldron Private Wealth LLC's holdings in Carrier Global were worth $1,128,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. State Street Corp lifted its stake in shares of Carrier Global by 1.4% in the 3rd quarter. State Street Corp now owns 33,665,505 shares of the company's stock valued at $2,709,736,000 after purchasing an additional 469,108 shares in the last quarter. Geode Capital Management LLC lifted its position in Carrier Global by 1.7% during the third quarter. Geode Capital Management LLC now owns 16,937,689 shares of the company's stock valued at $1,357,961,000 after buying an additional 289,439 shares in the last quarter. Fisher Asset Management LLC grew its stake in Carrier Global by 1.9% during the third quarter. Fisher Asset Management LLC now owns 14,267,109 shares of the company's stock worth $1,148,360,000 after buying an additional 269,538 shares during the period. FMR LLC increased its position in shares of Carrier Global by 36.2% in the third quarter. FMR LLC now owns 8,729,073 shares of the company's stock worth $702,603,000 after acquiring an additional 2,320,909 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Carrier Global by 1.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,993,169 shares of the company's stock valued at $482,390,000 after acquiring an additional 110,988 shares during the period. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Carrier Global Stock Up 1.7 %

Shares of NYSE CARR traded up $1.06 during midday trading on Wednesday, reaching $64.94. The company's stock had a trading volume of 2,804,738 shares, compared to its average volume of 5,496,739. 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 fifty-two week low of $53.13 and a fifty-two week high of $83.32. The stock has a 50 day simple moving average of $69.93 and a 200-day simple moving average of $72.46. The stock has a market capitalization of $58.27 billion, a price-to-earnings ratio of 16.44, a PEG ratio of 2.12 and a beta of 1.35.

Carrier Global Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, December 20th will be given a dividend of $0.225 per share. The ex-dividend date is Friday, December 20th. This is a boost from Carrier Global's previous quarterly dividend of $0.19. This represents a $0.90 annualized dividend and a yield of 1.39%. Carrier Global's dividend payout ratio is 22.78%.

Carrier Global declared that its Board of Directors has authorized a share repurchase program on Thursday, October 24th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 4.6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Royal Bank of Canada lowered their price objective on shares of Carrier Global from $87.00 to $86.00 and set an "outperform" rating for the company in a research report on Friday, January 3rd. Robert W. Baird decreased their price target on Carrier Global from $88.00 to $86.00 and set an "outperform" rating for the company in a research note on Friday, October 25th. Barclays decreased their price objective on Carrier Global from $92.00 to $90.00 and set an "overweight" rating for the company in a research report on Wednesday, January 8th. Bank of America boosted their target price on shares of Carrier Global from $80.00 to $90.00 and gave the stock a "neutral" rating in a research report on Friday, October 18th. Finally, JPMorgan Chase & Co. lowered their price objective on Carrier Global from $83.00 to $77.00 and set a "neutral" rating on the stock in a report on Wednesday, January 15th. Eight research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $83.93.

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.