Hara Capital LLC Acquires New Shares in Carrier Global Co. (NYSE:CARR)

Hara Capital LLC acquired a new stake in Carrier Global Co. (NYSE:CARR) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,340 shares of the company’s stock, valued at approximately $108,000.

Several other large investors have also bought and sold shares of CARR. Olistico Wealth LLC bought a new position in Carrier Global in the second quarter valued at about $25,000. Meeder Asset Management Inc. raised its position in Carrier Global by 675.0% in the second 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. EdgeRock Capital LLC bought a new position in Carrier Global in the second quarter valued at about $32,000. Hantz Financial Services Inc. bought a new position in Carrier Global in the second quarter valued at about $35,000. Finally, McClarren Financial Advisors Inc. raised its position in Carrier Global by 246.0% in the third 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. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global Trading Down 0.3 %

Shares of CARR stock opened at $75.13 on Friday. The company has a market cap of $67.41 billion, a P/E ratio of 19.02, a PEG ratio of 2.60 and a beta of 1.34. The stock has a 50 day simple moving average of $77.03 and a two-hundred day simple moving average of $68.99. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.82 and a current ratio of 1.08. Carrier Global Co. has a fifty-two week low of $50.31 and a fifty-two week high of $83.32.

Carrier Global announced that its Board of Directors has approved a share buyback 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 shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Carrier Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Friday, October 25th will be paid a $0.19 dividend. The ex-dividend date is Friday, October 25th. This represents a $0.76 dividend on an annualized basis and a yield of 1.01%. Carrier Global’s dividend payout ratio (DPR) is presently 19.24%.

Analysts Set New Price Targets

Several research firms have commented on CARR. Royal Bank of Canada dropped their target price on Carrier Global from $91.00 to $87.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Bank of America raised their price objective on Carrier Global from $80.00 to $90.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Morgan Stanley assumed coverage on Carrier Global in a research report on Friday, September 6th. They set an “equal weight” rating and a $75.00 price objective for the company. 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 objective for the company. Finally, Oppenheimer raised their price objective on Carrier Global from $74.00 to $88.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Seven investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $81.33.

Carrier Global 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.