Mizuho Securities USA LLC Has $79.48 Million Stock Position in Carrier Global Co. (NYSE:CARR)

Mizuho Securities USA LLC grew its position in Carrier Global Co. (NYSE:CARR - Free Report) by 1,428.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 987,500 shares of the company's stock after purchasing an additional 922,892 shares during the quarter. Mizuho Securities USA LLC owned about 0.11% of Carrier Global worth $79,484,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Olistico Wealth LLC acquired a new stake in shares of Carrier Global during the second quarter worth $25,000. Meeder Asset Management Inc. raised its stake 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 in the last quarter. EdgeRock Capital LLC bought a new stake in Carrier Global in the 2nd quarter valued at about $32,000. Hantz Financial Services Inc. acquired a new position in shares of Carrier Global during the 2nd quarter worth approximately $35,000. Finally, McClarren Financial Advisors Inc. increased its holdings in shares of Carrier Global by 246.0% during the third 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 period. Institutional investors own 91.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on CARR shares. JPMorgan Chase & Co. assumed coverage on Carrier Global in a research report on Thursday, October 10th. They set a "neutral" rating and a $83.00 price target on the stock. UBS Group upgraded Carrier Global from a "neutral" rating to a "buy" rating and set a $94.00 price target on the stock in a research report on Wednesday. Bank of America boosted their price target on Carrier Global from $80.00 to $90.00 and gave the company a "neutral" rating in a research note on Friday, October 18th. Royal Bank of Canada reduced their price objective on shares of Carrier Global from $91.00 to $87.00 and set an "outperform" rating on the stock in a research note on Friday, October 25th. Finally, Robert W. Baird dropped their target price on shares of Carrier Global from $88.00 to $86.00 and set an "outperform" rating for the company in a research report on Friday, October 25th. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $82.31.

Carrier Global Trading Down 0.6 %

Shares of CARR stock traded down $0.44 during mid-day trading on Friday, reaching $74.53. 4,600,509 shares of the stock traded hands, compared to its average volume of 4,173,714. The company has a market cap of $66.87 billion, a price-to-earnings ratio of 18.87, a price-to-earnings-growth ratio of 2.74 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. The stock's fifty day simple moving average is $77.73 and its two-hundred day simple moving average is $69.78. Carrier Global Co. has a 1-year low of $51.20 and a 1-year high of $83.32.

Carrier Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Friday, October 25th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend is Friday, October 25th. Carrier Global's dividend payout ratio (DPR) is currently 19.24%.

Carrier Global announced that its board has authorized a share repurchase plan on Thursday, October 24th that permits the company to buyback $3.00 billion in shares. This buyback authorization permits the company to reacquire up to 4.6% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board believes its stock is 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.