14,783 Shares in Carrier Global Co. (NYSE:CARR) Bought by ING Groep NV

ING Groep NV bought a new stake in shares of Carrier Global Co. (NYSE:CARR - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 14,783 shares of the company's stock, valued at approximately $1,190,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Olistico Wealth LLC purchased a new position in Carrier Global during the 2nd quarter worth $25,000. Meeder Asset Management Inc. raised its holdings in 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 period. EdgeRock Capital LLC purchased a new stake in Carrier Global during the 2nd quarter worth approximately $32,000. Hantz Financial Services Inc. purchased a new stake in shares of Carrier Global in the second quarter valued at approximately $35,000. Finally, McClarren Financial Advisors Inc. raised its stake in shares of Carrier Global by 246.0% in the third quarter. McClarren Financial Advisors Inc. now owns 436 shares of the company's stock valued at $35,000 after acquiring an additional 310 shares in the last quarter. 91.00% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CARR shares. JPMorgan Chase & Co. started coverage on Carrier Global in a report on Thursday, October 10th. They set a "neutral" rating and a $83.00 price target on the stock. UBS Group upgraded shares of Carrier Global from a "neutral" rating to a "buy" rating and set a $94.00 price objective for the company in a research report on Wednesday, November 13th. 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 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. Finally, Royal Bank of Canada reduced their price target 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 investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $82.31.

Carrier Global Stock Performance

Shares of NYSE:CARR traded down $0.53 during trading hours on Monday, hitting $74.00. The stock had a trading volume of 2,956,582 shares, compared to its average volume of 4,167,172. The stock's fifty day simple moving average is $77.73 and its 200 day simple moving average is $69.89. Carrier Global Co. has a 1-year low of $51.20 and a 1-year high of $83.32. The firm has a market capitalization of $66.39 billion, a price-to-earnings ratio of 18.93, a PEG ratio of 2.68 and a beta of 1.34. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.82 and a current ratio of 1.08.

Carrier Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Friday, October 25th will be paid a dividend of $0.19 per share. The ex-dividend date is Friday, October 25th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.03%. Carrier Global's dividend payout ratio is presently 19.24%.

Carrier Global announced that its Board of Directors has authorized a share buyback program on Thursday, October 24th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the company to purchase up to 4.6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its stock is 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.