2,629 Shares in Carrier Global Co. (NYSE:CARR) Acquired by OneAscent Financial Services LLC

OneAscent Financial Services LLC bought a new stake in shares of Carrier Global Co. (NYSE:CARR) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,629 shares of the company’s stock, valued at approximately $212,000.

A number of other institutional investors and hedge funds have also made changes to their positions in CARR. Tranquility Partners LLC acquired a new stake in Carrier Global in the third quarter valued at approximately $207,000. Caldwell Investment Management Ltd. purchased a new position in Carrier Global during the 3rd quarter worth $1,215,000. Pathstone Holdings LLC increased its position in Carrier Global by 1.2% during the 3rd quarter. Pathstone Holdings LLC now owns 118,276 shares of the company’s stock valued at $9,520,000 after buying an additional 1,378 shares in the last quarter. Meeder Advisory Services Inc. raised its stake in Carrier Global by 1.6% in the third quarter. Meeder Advisory Services Inc. now owns 21,674 shares of the company’s stock valued at $1,745,000 after buying an additional 343 shares during the last quarter. Finally, Drive Wealth Management LLC acquired a new stake in Carrier Global in the third quarter worth about $215,000. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on CARR. Morgan Stanley assumed coverage on shares of 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. Royal Bank of Canada dropped their price objective on shares of Carrier Global from $91.00 to $87.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Oppenheimer raised their target price on Carrier Global from $74.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. initiated coverage on Carrier Global in a report on Thursday, October 10th. They issued a “neutral” rating and a $83.00 price objective on the stock. Finally, UBS Group raised Carrier Global from a “neutral” rating to a “buy” rating and set a $94.00 target price for the company in a report on Wednesday, November 13th. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Carrier Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.31.

Carrier Global Stock Performance

Shares of NYSE CARR opened at $74.27 on Wednesday. The company’s fifty day moving average price is $77.84 and its 200 day moving average price is $70.07. The company has a market capitalization of $66.64 billion, a PE ratio of 18.80, a price-to-earnings-growth ratio of 2.68 and a beta of 1.34. Carrier Global Co. has a 1 year low of $51.20 and a 1 year high of $83.32. 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 Dividend Announcement

The firm 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. The ex-dividend date of this dividend was Friday, October 25th. This represents a $0.76 annualized dividend and a dividend yield of 1.02%. Carrier Global’s dividend payout ratio is presently 19.24%.

Carrier Global announced that its Board of Directors has approved a stock repurchase plan on Thursday, October 24th that allows the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 4.6% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

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.