2,606 Shares in Carrier Global Co. (NYSE:CARR) Bought by Camden National Bank

Camden National Bank purchased a new position in shares of Carrier Global Co. (NYSE:CARR) in the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 2,606 shares of the company’s stock, valued at approximately $210,000.

Several other hedge funds have also recently modified their holdings of the stock. EntryPoint Capital LLC acquired a new stake in Carrier Global in the first quarter valued at $38,000. BOKF NA lifted its holdings in Carrier Global by 4.8% in the first quarter. BOKF NA now owns 17,384 shares of the company’s stock valued at $998,000 after acquiring an additional 804 shares during the period. Silvercrest Asset Management Group LLC lifted its holdings in Carrier Global by 3.8% in the first quarter. Silvercrest Asset Management Group LLC now owns 47,792 shares of the company’s stock valued at $2,778,000 after acquiring an additional 1,761 shares during the period. BROOKFIELD Corp ON acquired a new stake in Carrier Global in the first quarter valued at $3,512,000. Finally, Janus Henderson Group PLC lifted its holdings in Carrier Global by 28.8% in the first quarter. Janus Henderson Group PLC now owns 294,437 shares of the company’s stock valued at $17,114,000 after acquiring an additional 65,796 shares during the period. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global Trading Up 1.3 %

NYSE CARR opened at $77.00 on Friday. Carrier Global Co. has a 12 month low of $51.20 and a 12 month high of $83.32. The company has a 50-day moving average of $77.88 and a 200-day moving average of $70.28. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.08 and a quick ratio of 0.82. The company has a market cap of $69.09 billion, a P/E ratio of 19.49, a P/E/G ratio of 2.73 and a beta of 1.34.

Carrier Global declared that its board has approved a share buyback plan on Thursday, October 24th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the company to reacquire up to 4.6% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.

Carrier Global Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, October 25th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend was Friday, October 25th. Carrier Global’s dividend payout ratio is currently 19.24%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Northcoast Research assumed coverage on Carrier Global in a research report on Friday. They issued a “neutral” rating for the company. Mizuho raised their price target on Carrier Global from $65.00 to $78.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. JPMorgan Chase & Co. assumed coverage on Carrier Global in a research report on Thursday, October 10th. They issued a “neutral” rating and a $83.00 price target for the company. Wolfe Research upgraded Carrier Global from an “underperform” rating to a “peer perform” rating in a research report on Friday, September 6th. Finally, Wells Fargo & Company dropped their price target on Carrier Global from $82.00 to $76.00 and set an “equal weight” rating for the company in a research report on Friday, October 25th. Eight investment analysts have rated the stock with a hold rating, seven have assigned 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 target price of $82.31.

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.