Czech National Bank Acquires 9,892 Shares of Carrier Global Co. (NYSE:CARR)

Czech National Bank grew its holdings in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 5.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 180,919 shares of the company's stock after buying an additional 9,892 shares during the period. Czech National Bank's holdings in Carrier Global were worth $12,350,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CARR. FSA Wealth Management LLC purchased a new position in Carrier Global during the third quarter valued at $28,000. Meeder Asset Management Inc. raised its position in shares of Carrier Global by 675.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 465 shares of the company's stock worth $29,000 after purchasing an additional 405 shares during the last quarter. McClarren Financial Advisors Inc. raised its position 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 purchasing an additional 310 shares during the last quarter. Coastline Trust Co bought a new position in Carrier Global in the 3rd quarter worth about $37,000. Finally, Country Trust Bank purchased a new stake in Carrier Global during the 3rd quarter valued at about $40,000. 91.00% of the stock is owned by hedge funds and other institutional investors.

Carrier Global Price Performance

CARR traded up $1.25 on Tuesday, hitting $68.36. 3,409,688 shares of the company's stock traded hands, compared to its average volume of 4,278,936. Carrier Global Co. has a one year low of $53.13 and a one year high of $83.32. The company has a current ratio of 1.08, a quick ratio of 0.82 and a debt-to-equity ratio of 0.69. The firm has a market cap of $61.33 billion, a price-to-earnings ratio of 17.31, a P/E/G ratio of 2.73 and a beta of 1.36. The company's 50 day simple moving average is $72.34 and its 200-day simple moving average is $72.17.

Carrier Global Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, December 20th will be given a dividend of $0.225 per share. This is a positive change from Carrier Global's previous quarterly dividend of $0.19. The ex-dividend date is Friday, December 20th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.32%. Carrier Global's dividend payout ratio (DPR) is presently 22.78%.

Carrier Global declared that its board has authorized 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 often an indication that the company's board believes its stock is undervalued.

Analysts Set New Price Targets

CARR has been the topic of several analyst reports. Mizuho upped their target price on shares of Carrier Global from $65.00 to $78.00 and gave the stock a "neutral" rating in a research note on Thursday, October 17th. Oppenheimer increased their target price on Carrier Global from $74.00 to $88.00 and gave the company an "outperform" rating in a research note on Wednesday, October 2nd. Royal Bank of Canada decreased their price target on Carrier Global from $87.00 to $86.00 and set an "outperform" rating for the company in a research note on Friday, January 3rd. The Goldman Sachs Group initiated coverage on shares of Carrier Global in a report on Thursday, December 12th. They set a "buy" rating and a $96.00 price objective for the company. Finally, Bank of America increased their target price on Carrier Global from $80.00 to $90.00 and gave the company a "neutral" rating in a report on Friday, October 18th. Eight analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $84.36.

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.