Thrivent Financial for Lutherans Sells 13,159 Shares of Carrier Global Co. (NYSE:CARR)

Thrivent Financial for Lutherans decreased its position in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 23.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,434 shares of the company's stock after selling 13,159 shares during the period. Thrivent Financial for Lutherans' holdings in Carrier Global were worth $3,416,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. EntryPoint Capital LLC acquired a new position in shares of Carrier Global during the first quarter worth $38,000. BOKF NA increased its stake in Carrier Global by 4.8% in the 1st quarter. BOKF NA now owns 17,384 shares of the company's stock valued at $998,000 after buying an additional 804 shares during the last quarter. Silvercrest Asset Management Group LLC lifted its holdings in Carrier Global by 3.8% during the first quarter. Silvercrest Asset Management Group LLC now owns 47,792 shares of the company's stock worth $2,778,000 after acquiring an additional 1,761 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of Carrier Global by 28.8% in the 1st quarter. Janus Henderson Group PLC now owns 294,437 shares of the company's stock worth $17,114,000 after buying an additional 65,796 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. lifted its holdings in Carrier Global by 203.3% during the first quarter. B. Riley Wealth Advisors Inc. now owns 40,429 shares of the company's stock valued at $2,232,000 after purchasing an additional 27,100 shares during the last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Carrier Global Price Performance

Shares of NYSE CARR opened at $78.86 on Tuesday. The firm has a market cap of $70.76 billion, a PE ratio of 19.96, a price-to-earnings-growth ratio of 2.77 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. Carrier Global Co. has a fifty-two week low of $51.20 and a fifty-two week high of $83.32. The business has a 50 day moving average price of $77.92 and a two-hundred day moving average price of $70.41.

Carrier Global announced that its Board of Directors has approved 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 often a sign that the company's management believes its stock is undervalued.

Carrier Global Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, October 25th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Friday, October 25th. This represents a $0.76 annualized dividend and a yield of 0.96%. Carrier Global's payout ratio is 19.24%.

Wall Street Analyst Weigh In

CARR has been the subject of several research reports. Morgan Stanley initiated coverage on Carrier Global in a research note on Friday, September 6th. They issued an "equal weight" rating and a $75.00 target price for the company. Robert W. Baird decreased their price objective on shares of Carrier Global from $88.00 to $86.00 and set an "outperform" rating for the company in a report on Friday, October 25th. Barclays lowered their target price on shares of Carrier Global from $90.00 to $89.00 and set an "overweight" rating on the stock in a report on Friday, October 25th. Royal Bank of Canada reduced their price target 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, JPMorgan Chase & Co. assumed coverage on shares of Carrier Global in a report on Thursday, October 10th. They issued a "neutral" rating and a $83.00 price target on the stock. Eight research 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's stock. Based on data from MarketBeat, Carrier Global has a consensus rating of "Moderate Buy" and a consensus target price of $82.31.

Carrier Global Company 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.