Carrier Global Co. (NYSE:CARR) Shares Acquired by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. boosted its holdings in Carrier Global Co. (NYSE:CARR) by 12.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 100,440 shares of the company’s stock after buying an additional 11,032 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Carrier Global were worth $8,084,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. EntryPoint Capital LLC purchased a new stake in Carrier Global during the first quarter valued at about $38,000. BOKF NA lifted its position in shares of Carrier Global by 4.8% in the 1st quarter. BOKF NA now owns 17,384 shares of the company’s stock valued at $998,000 after acquiring an additional 804 shares in the last quarter. Silvercrest Asset Management Group LLC boosted its stake in Carrier Global by 3.8% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 47,792 shares of the company’s stock worth $2,778,000 after purchasing an additional 1,761 shares during the period. Janus Henderson Group PLC boosted its stake in Carrier Global by 28.8% in the 1st quarter. Janus Henderson Group PLC now owns 294,437 shares of the company’s stock worth $17,114,000 after purchasing an additional 65,796 shares during the period. Finally, B. Riley Wealth Advisors Inc. grew its position in Carrier Global by 203.3% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 40,429 shares of the company’s stock worth $2,232,000 after purchasing an additional 27,100 shares in the last quarter. Institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Up 2.4 %

CARR stock opened at $78.86 on Tuesday. The firm has a market cap of $70.76 billion, a PE ratio of 19.96, a PEG ratio of 2.77 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 fifty day simple moving average of $77.92 and a 200 day simple moving average of $70.41. 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 declared that its Board of Directors has authorized a share buyback plan on Thursday, October 24th that authorizes the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 4.6% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Carrier Global Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Shareholders 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 dividend on an annualized basis and a dividend yield of 0.96%. Carrier Global’s dividend payout ratio is currently 19.24%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CARR. JPMorgan Chase & Co. started coverage on Carrier Global in a research report on Thursday, October 10th. They issued a “neutral” rating and a $83.00 target price for the company. Mizuho raised their price objective on Carrier Global from $65.00 to $78.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Wolfe Research upgraded Carrier Global from an “underperform” rating to a “peer perform” rating in a report on Friday, September 6th. Stephens decreased their price target on shares of 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, Morgan Stanley started coverage on shares of Carrier Global in a research report on Friday, September 6th. They set an “equal weight” rating and a $75.00 price objective on the stock. Eight equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $82.31.

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.