Hall Laurie J Trustee Has $6.65 Million Stock Holdings in Carrier Global Co. (NYSE:CARR)

Hall Laurie J Trustee trimmed its position in Carrier Global Co. (NYSE:CARR - Free Report) by 3.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 97,355 shares of the company's stock after selling 3,935 shares during the quarter. Carrier Global makes up approximately 2.2% of Hall Laurie J Trustee's portfolio, making the stock its 11th largest position. Hall Laurie J Trustee's holdings in Carrier Global were worth $6,645,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. FSA Wealth Management LLC bought a new stake in shares of Carrier Global during the third quarter valued at approximately $28,000. McClarren Financial Advisors Inc. boosted its holdings in shares of Carrier Global by 246.0% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 436 shares of the company's stock worth $35,000 after acquiring an additional 310 shares in the last quarter. Coastline Trust Co bought a new stake in Carrier Global during the 3rd quarter worth approximately $37,000. Country Trust Bank acquired a new stake in Carrier Global during the 3rd quarter valued at $40,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of Carrier Global during the third quarter worth $44,000. Institutional investors and hedge funds own 91.00% of the company's stock.

Analyst Ratings Changes

CARR has been the topic of several research reports. Royal Bank of Canada reduced their price target on shares of Carrier Global from $87.00 to $86.00 and set an "outperform" rating on the stock in a research report on Friday, January 3rd. Northcoast Research assumed coverage on Carrier Global in a research report on Friday, November 22nd. They set a "neutral" rating for the company. Mizuho boosted their price objective on Carrier Global from $65.00 to $78.00 and gave the stock a "neutral" rating in a report on Thursday, October 17th. Bank of America lifted their price target 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, Wells Fargo & Company reduced their price objective on shares of Carrier Global from $80.00 to $75.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 7th. Eight research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Carrier Global currently has an average rating of "Moderate Buy" and a consensus price target of $83.93.

Carrier Global Price Performance

Shares of Carrier Global stock remained flat at $69.74 during trading hours on Monday. The company's stock had a trading volume of 4,601,408 shares, compared to its average volume of 4,039,499. The company has a market capitalization of $62.57 billion, a P/E ratio of 17.66, a PEG ratio of 2.03 and a beta of 1.36. 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 stock has a 50 day simple moving average of $71.96 and a 200 day simple moving average of $72.31. Carrier Global Co. has a 12 month low of $53.13 and a 12 month high of $83.32.

Carrier Global Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, December 20th will be issued a dividend of $0.225 per share. This is an increase from Carrier Global's previous quarterly dividend of $0.19. This represents a $0.90 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Friday, December 20th. Carrier Global's dividend payout ratio (DPR) is 22.78%.

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

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.