CreativeOne Wealth LLC Buys 4,039 Shares of Carrier Global Co. (NYSE:CARR)

CreativeOne Wealth LLC increased its holdings in shares of Carrier Global Co. (NYSE:CARR) by 10.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 43,369 shares of the company’s stock after acquiring an additional 4,039 shares during the quarter. CreativeOne Wealth LLC’s holdings in Carrier Global were worth $3,491,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Silvercrest Asset Management Group LLC boosted its stake in shares of Carrier Global by 3.8% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 47,792 shares of the company’s stock valued at $2,778,000 after purchasing an additional 1,761 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Carrier Global by 28.8% in the 1st quarter. Janus Henderson Group PLC now owns 294,437 shares of the company’s stock valued at $17,114,000 after purchasing an additional 65,796 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in shares of Carrier Global by 203.3% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 40,429 shares of the company’s stock valued at $2,232,000 after purchasing an additional 27,100 shares in the last quarter. Citizens Financial Group Inc. RI boosted its stake in shares of Carrier Global by 25.6% in the 1st quarter. Citizens Financial Group Inc. RI now owns 11,216 shares of the company’s stock valued at $652,000 after purchasing an additional 2,285 shares in the last quarter. Finally, Sanibel Captiva Trust Company Inc. boosted its stake in shares of Carrier Global by 2.6% in the 1st quarter. Sanibel Captiva Trust Company Inc. now owns 26,472 shares of the company’s stock valued at $1,539,000 after purchasing an additional 665 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 $76.89 on Thursday. The firm has a market capitalization of $68.99 billion, a PE ratio of 19.47, a price-to-earnings-growth ratio of 2.83 and a beta of 1.34. The firm has a fifty day simple moving average of $77.87 and a two-hundred day simple moving average of $70.54. 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 Co. has a 12 month low of $51.20 and a 12 month high of $83.32.

Carrier Global Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, October 25th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend was Friday, October 25th. Carrier Global’s dividend payout ratio is 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 outstanding shares. This buyback authorization permits the company to repurchase up to 4.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CARR. Oppenheimer lifted their target price on shares of Carrier Global from $74.00 to $88.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Bank of America lifted their target price 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. Morgan Stanley began coverage on shares of Carrier Global in a research report on Friday, September 6th. They set an “equal weight” rating and a $75.00 target price on the stock. UBS Group upgraded shares of Carrier Global from a “neutral” rating to a “buy” rating and set a $94.00 target price on the stock in a research report on Wednesday, November 13th. Finally, Mizuho lifted their target price on shares of Carrier Global from $65.00 to $78.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Eight investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.