Maven Securities LTD Makes New Investment in Carrier Global Co. (NYSE:CARR)

Maven Securities LTD bought a new position in shares of Carrier Global Co. (NYSE:CARR - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 20,400 shares of the company's stock, valued at approximately $1,642,000.

Other institutional investors and hedge funds have also modified their holdings of the company. FSA Wealth Management LLC purchased a new stake in Carrier Global during the 3rd quarter valued at about $28,000. McClarren Financial Advisors Inc. boosted its holdings in Carrier Global by 246.0% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 436 shares of the company's stock valued at $35,000 after purchasing an additional 310 shares during the last quarter. Coastline Trust Co acquired a new position in Carrier Global in the 3rd quarter valued at about $37,000. Meeder Asset Management Inc. boosted 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 valued at $29,000 after purchasing an additional 405 shares during the last quarter. Finally, Country Trust Bank acquired a new position in Carrier Global in the 3rd quarter valued at about $40,000. Hedge funds and other institutional investors own 91.00% of the company's stock.

Carrier Global Stock Down 0.3 %

Shares of NYSE:CARR traded down $0.21 during trading hours on Wednesday, reaching $75.37. The stock had a trading volume of 2,771,631 shares, compared to its average volume of 4,208,451. Carrier Global Co. has a 1 year low of $52.44 and a 1 year high of $83.32. The firm's 50 day moving average is $77.56 and its 200-day moving average is $70.90. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.82 and a current ratio of 1.08. The stock has a market capitalization of $67.62 billion, a price-to-earnings ratio of 19.03, a P/E/G ratio of 2.82 and a beta of 1.33.

Carrier Global Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, October 25th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend was Friday, October 25th. Carrier Global's dividend payout ratio (DPR) is 19.24%.

Carrier Global declared that its board has approved a share buyback plan on Thursday, October 24th that authorizes the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 4.6% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board of directors believes its stock is undervalued.

Analyst Ratings Changes

CARR has been the topic of several recent analyst reports. Wells Fargo & Company decreased their target price on shares of Carrier Global from $82.00 to $76.00 and set an "equal weight" rating on the stock in a report on Friday, October 25th. Northcoast Research started coverage on shares of Carrier Global in a report on Friday, November 22nd. They issued a "neutral" rating on the stock. Morgan Stanley started coverage on shares of Carrier Global in a report on Friday, September 6th. They issued an "equal weight" rating and a $75.00 price objective on the stock. Wolfe Research upgraded shares of Carrier Global from an "underperform" rating to a "peer perform" rating in a report on Friday, September 6th. Finally, Stephens decreased their price objective on shares of Carrier Global from $85.00 to $80.00 and set an "equal weight" rating on the stock in a report on Monday, October 28th. Eight research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $82.31.

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.