Mizuho Securities USA LLC Has $4.38 Million Holdings in Carrier Global Co. (NYSE:CARR)

Mizuho Securities USA LLC trimmed its stake in Carrier Global Co. (NYSE:CARR) by 15.7% during the third quarter, HoldingsChannel.com reports. The fund owned 54,441 shares of the company’s stock after selling 10,167 shares during the quarter. Mizuho Securities USA LLC’s holdings in Carrier Global were worth $4,382,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CARR. PineStone Asset Management Inc. increased its holdings in Carrier Global by 139.7% during the 2nd quarter. PineStone Asset Management Inc. now owns 6,418,883 shares of the company’s stock valued at $404,903,000 after purchasing an additional 3,741,206 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Carrier Global by 1.7% in the second quarter. Victory Capital Management Inc. now owns 4,438,959 shares of the company’s stock valued at $280,010,000 after buying an additional 72,633 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Carrier Global by 3.6% in the second quarter. Dimensional Fund Advisors LP now owns 4,298,990 shares of the company’s stock valued at $271,202,000 after buying an additional 147,835 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Carrier Global by 0.8% during the 3rd quarter. Principal Financial Group Inc. now owns 2,561,877 shares of the company’s stock worth $206,206,000 after acquiring an additional 20,500 shares during the last quarter. Finally, Swiss National Bank increased its position in Carrier Global by 0.4% in the 3rd quarter. Swiss National Bank now owns 2,406,985 shares of the company’s stock valued at $193,738,000 after acquiring an additional 8,500 shares in the last quarter. 91.00% of the stock is owned by institutional investors.

Carrier Global Stock Performance

Shares of CARR stock opened at $76.04 on Friday. The company has a market capitalization of $68.22 billion, a P/E ratio of 19.25, a price-to-earnings-growth ratio of 2.67 and a beta of 1.34. Carrier Global Co. has a 52 week low of $51.20 and a 52 week 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. The company’s 50 day moving average price is $77.87 and its two-hundred day moving average price is $70.14.

Carrier Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, October 25th were given a $0.19 dividend. The ex-dividend date of this dividend was Friday, October 25th. This represents a $0.76 annualized dividend and a yield of 1.00%. Carrier Global’s dividend payout ratio is currently 19.24%.

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CARR shares. Robert W. Baird decreased their price target on shares of Carrier Global from $88.00 to $86.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Mizuho boosted their target price on Carrier Global from $65.00 to $78.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Oppenheimer raised their price target on Carrier Global from $74.00 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Stephens dropped their price objective on Carrier Global from $85.00 to $80.00 and set an “equal weight” rating for the company in a report on Monday, October 28th. Finally, Bank of America lifted their price target on shares of Carrier Global from $80.00 to $90.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Seven 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.com, the stock currently has an average rating of “Moderate Buy” and a consensus 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.