Fiera Capital Corp Has $609.95 Million Stock Holdings in Carrier Global Co. (NYSE:CARR)

Fiera Capital Corp reduced its stake in shares of Carrier Global Co. (NYSE:CARR) by 4.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 7,577,912 shares of the company’s stock after selling 361,748 shares during the period. Carrier Global makes up approximately 1.8% of Fiera Capital Corp’s holdings, making the stock its 15th biggest holding. Fiera Capital Corp’s holdings in Carrier Global were worth $609,946,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CARR. Olistico Wealth LLC acquired a new stake in Carrier Global in the 2nd quarter valued at $25,000. Meeder Asset Management Inc. boosted its position in Carrier Global by 675.0% during the second quarter. Meeder Asset Management Inc. now owns 465 shares of the company’s stock worth $29,000 after purchasing an additional 405 shares during the period. EdgeRock Capital LLC bought a new position in shares of Carrier Global in the second quarter valued at about $32,000. Hantz Financial Services Inc. acquired a new stake in shares of Carrier Global during the 2nd quarter worth $35,000. Finally, McClarren Financial Advisors Inc. lifted its position in Carrier Global by 246.0% during the third quarter. McClarren Financial Advisors Inc. now owns 436 shares of the company’s stock worth $35,000 after purchasing an additional 310 shares during the period. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Stock Performance

Shares of CARR stock traded up $1.76 during trading on Friday, reaching $76.89. 1,106,661 shares of the company’s stock traded hands, compared to its average volume of 4,143,945. Carrier Global Co. has a 1 year low of $50.31 and a 1 year high of $83.32. The company has a market capitalization of $68.99 billion, a P/E ratio of 19.02, a PEG ratio of 2.60 and a beta of 1.34. The company has a current ratio of 1.08, a quick ratio of 0.82 and a debt-to-equity ratio of 0.69. The firm’s 50-day moving average is $77.03 and its 200 day moving average is $68.99.

Carrier Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Friday, October 25th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend is Friday, October 25th. Carrier Global’s dividend payout ratio (DPR) is presently 19.24%.

Carrier Global declared that its Board of Directors has approved a stock repurchase program on Thursday, October 24th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the company to buy up to 4.6% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CARR. Bank of America boosted their price objective on shares of Carrier Global from $80.00 to $90.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Robert W. Baird lowered their price objective on shares of Carrier Global from $88.00 to $86.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Stephens decreased 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. Wolfe Research upgraded shares of Carrier Global from an “underperform” rating to a “peer perform” rating in a research report on Friday, September 6th. Finally, Oppenheimer boosted their target price on shares of Carrier Global from $74.00 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Seven research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Carrier Global has a consensus rating of “Moderate Buy” and a consensus target price 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.