Segall Bryant & Hamill LLC Takes Position in Carrier Global Co. (NYSE:CARR)

Segall Bryant & Hamill LLC purchased a new stake in shares of Carrier Global Co. (NYSE:CARR - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 247,231 shares of the company's stock, valued at approximately $19,900,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Prospera Private Wealth LLC bought a new stake in shares of Carrier Global during the 3rd quarter valued at $439,000. West Family Investments Inc. purchased a new stake in Carrier Global in the 3rd quarter worth $285,000. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Carrier Global during the third quarter valued at about $2,642,000. Banque Cantonale Vaudoise lifted its position in shares of Carrier Global by 9.2% in the third quarter. Banque Cantonale Vaudoise now owns 44,918 shares of the company's stock valued at $3,615,000 after acquiring an additional 3,771 shares in the last quarter. Finally, BIP Wealth LLC bought a new position in shares of Carrier Global in the third quarter worth about $417,000. Hedge funds and other institutional investors own 91.00% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CARR. Robert W. Baird decreased their target price on Carrier Global from $88.00 to $86.00 and set an "outperform" rating on the stock in a research note on Friday, October 25th. Stephens lowered their target price 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. Wells Fargo & Company reduced their price target 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. Morgan Stanley began coverage on shares of Carrier Global in a report on Friday, September 6th. They set an "equal weight" rating and a $75.00 price objective for the company. Finally, Barclays decreased their target price on Carrier Global from $90.00 to $89.00 and set an "overweight" rating on the stock in a research report on Friday, October 25th. Seven investment 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 MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $82.31.

Carrier Global Trading Up 0.2 %

CARR opened at $74.50 on Thursday. 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's 50 day moving average price is $77.86 and its 200-day moving average price is $70.10. Carrier Global Co. has a one year low of $51.20 and a one year high of $83.32. The stock has a market cap of $66.84 billion, a price-to-earnings ratio of 18.86, a P/E/G ratio of 2.67 and a beta of 1.34.

Carrier Global announced that its Board of Directors has initiated a share repurchase plan on Thursday, October 24th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the company to buy up to 4.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board believes its shares are undervalued.

Carrier Global Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, October 25th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.02%. The ex-dividend date was Friday, October 25th. Carrier Global's dividend payout ratio is presently 19.24%.

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.