Virtu Financial LLC Sells 13,236 Shares of Carrier Global Co. (NYSE:CARR)

Virtu Financial LLC reduced its holdings in Carrier Global Co. (NYSE:CARR - Free Report) by 66.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,802 shares of the company's stock after selling 13,236 shares during the period. Virtu Financial LLC's holdings in Carrier Global were worth $547,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CARR. M&T Bank Corp boosted its holdings in Carrier Global by 8.9% during the third quarter. M&T Bank Corp now owns 311,453 shares of the company's stock worth $25,069,000 after buying an additional 25,346 shares during the last quarter. Soltis Investment Advisors LLC raised its position in shares of Carrier Global by 5.1% in the 3rd quarter. Soltis Investment Advisors LLC now owns 12,730 shares of the company's stock valued at $1,025,000 after acquiring an additional 615 shares during the period. Toronto Dominion Bank boosted its stake in Carrier Global by 14.0% during the 3rd quarter. Toronto Dominion Bank now owns 289,988 shares of the company's stock worth $23,341,000 after acquiring an additional 35,550 shares during the last quarter. Wilson & Boucher Capital Management LLC grew its holdings in Carrier Global by 19.2% during the third quarter. Wilson & Boucher Capital Management LLC now owns 6,297 shares of the company's stock valued at $507,000 after purchasing an additional 1,015 shares during the period. Finally, Coldstream Capital Management Inc. increased its stake in Carrier Global by 33.8% in the third quarter. Coldstream Capital Management Inc. now owns 11,635 shares of the company's stock valued at $927,000 after purchasing an additional 2,942 shares in the last quarter. 91.00% of the stock is owned by institutional investors.

Carrier Global Stock Down 2.0 %

Shares of Carrier Global stock traded down $1.47 during trading hours on Monday, reaching $71.54. 6,438,710 shares of the company's stock were exchanged, compared to its average volume of 4,201,496. The stock has a market cap of $64.19 billion, a P/E ratio of 18.48, a P/E/G ratio of 2.73 and a beta of 1.33. The company has a 50 day moving average of $76.52 and a two-hundred day moving average of $71.38. The company has a current ratio of 1.08, a quick ratio of 0.82 and a debt-to-equity ratio of 0.69. Carrier Global Co. has a fifty-two week low of $53.13 and a fifty-two week high of $83.32.

Carrier Global Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, December 20th will be paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 1.26%. This is an increase from Carrier Global's previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Friday, December 20th. Carrier Global's dividend payout ratio (DPR) is currently 22.78%.

Carrier Global declared that its board has approved a share repurchase program on Thursday, October 24th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the company to reacquire up to 4.6% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Northcoast Research initiated coverage on shares of Carrier Global in a report on Friday, November 22nd. They issued a "neutral" rating for the company. JPMorgan Chase & Co. began coverage on Carrier Global in a report on Thursday, October 10th. They issued a "neutral" rating and a $83.00 price target for the company. Bank of America lifted their price objective on Carrier Global from $80.00 to $90.00 and gave the company a "neutral" rating in a report on Friday, October 18th. Wolfe Research raised Carrier Global from an "underperform" rating to a "peer perform" rating in a research note on Friday, September 6th. Finally, Barclays lifted their price target on shares of Carrier Global from $89.00 to $92.00 and gave the company an "overweight" rating in a research note on Thursday, December 5th. Eight analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Carrier Global currently has a consensus rating of "Moderate Buy" and an average price target of $83.50.

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.