Carrier Global Co. (NYSE:CARR) Shares Sold by Fiera Capital Corp

Fiera Capital Corp decreased its holdings in Carrier Global Co. (NYSE:CARR - Free Report) by 4.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,577,912 shares of the company's stock after selling 361,748 shares during the period. Carrier Global accounts for approximately 1.8% of Fiera Capital Corp's holdings, making the stock its 15th biggest holding. Fiera Capital Corp owned 0.84% of Carrier Global worth $609,946,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Norden Group LLC bought a new stake in shares of Carrier Global during the 1st quarter worth approximately $235,000. Larson Financial Group LLC grew its stake in Carrier Global by 38.9% in the 1st quarter. Larson Financial Group LLC now owns 718 shares of the company's stock worth $42,000 after acquiring an additional 201 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of Carrier Global by 10.0% during the first quarter. Geneos Wealth Management Inc. now owns 2,694 shares of the company's stock worth $157,000 after acquiring an additional 244 shares during the period. Empirical Finance LLC raised its stake in shares of Carrier Global by 3.5% during the first quarter. Empirical Finance LLC now owns 30,195 shares of the company's stock valued at $1,755,000 after acquiring an additional 1,009 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its stake in Carrier Global by 31.2% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 33,125 shares of the company's stock worth $1,926,000 after purchasing an additional 7,873 shares in the last quarter. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Carrier Global Stock Up 2.1 %

CARR stock traded up $1.58 during midday trading on Friday, hitting $76.71. The company's stock had a trading volume of 3,403,354 shares, compared to its average volume of 4,154,902. The firm has a 50-day simple moving average of $77.11 and a 200-day simple moving average of $69.03. The firm has a market capitalization of $68.83 billion, a P/E ratio of 19.41, a PEG ratio of 2.60 and a beta of 1.34. 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 52-week low of $50.31 and a 52-week high of $83.32.

Carrier Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Friday, October 25th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.99%. The ex-dividend date is Friday, October 25th. Carrier Global's dividend payout ratio (DPR) is presently 19.24%.

Carrier Global announced that its Board of Directors has authorized a share buyback plan on Thursday, October 24th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the company to buy up to 4.6% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's management believes its shares are undervalued.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on CARR shares. Robert W. Baird dropped their price target on Carrier Global from $88.00 to $86.00 and set an "outperform" rating on the stock in a research report on Friday, October 25th. Wells Fargo & Company reduced their price objective on shares of Carrier Global from $82.00 to $76.00 and set an "equal weight" rating for the company in a research note on Friday, October 25th. Baird R W upgraded Carrier Global from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 15th. Wolfe Research raised shares of Carrier Global from an "underperform" rating to a "peer perform" rating in a research report on Friday, September 6th. Finally, Royal Bank of Canada decreased their target price on shares of Carrier Global from $91.00 to $87.00 and set an "outperform" rating for the company in a research report on Friday, October 25th. Seven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Carrier Global presently has a consensus rating of "Moderate Buy" and a consensus target price of $81.33.

About Carrier Global

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.