Tennessee Valley Asset Management Partners Has $309,000 Holdings in Carrier Global Co. (NYSE:CARR)

Tennessee Valley Asset Management Partners lifted its stake in shares of Carrier Global Co. (NYSE:CARR) by 5.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,520 shares of the company’s stock after buying an additional 234 shares during the quarter. Tennessee Valley Asset Management Partners’ holdings in Carrier Global were worth $309,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. FSA Wealth Management LLC acquired a new stake in Carrier Global in the third quarter worth $28,000. McClarren Financial Advisors Inc. boosted its position in shares of Carrier Global by 246.0% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 436 shares of the company’s stock worth $35,000 after purchasing an additional 310 shares in the last quarter. Coastline Trust Co acquired a new stake in shares of Carrier Global in the 3rd quarter valued at about $37,000. Country Trust Bank bought a new stake in Carrier Global in the 3rd quarter valued at about $40,000. Finally, Capital Performance Advisors LLP acquired a new position in Carrier Global during the 3rd quarter worth approximately $44,000. Institutional investors own 91.00% of the company’s stock.

Carrier Global Trading Up 0.2 %

Shares of Carrier Global stock opened at $70.05 on Monday. The firm has a market cap of $62.85 billion, a PE ratio of 17.74, a P/E/G ratio of 2.26 and a beta of 1.36. Carrier Global Co. has a 1 year low of $53.13 and a 1 year high of $83.32. 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 stock has a fifty day moving average price of $71.42 and a 200-day moving average price of $72.49.

Carrier Global declared that its board has authorized 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 repurchase up to 4.6% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Carrier Global Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, December 20th will be given a $0.225 dividend. This is a positive change from Carrier Global’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.90 annualized dividend and a yield of 1.28%. Carrier Global’s payout ratio is currently 22.78%.

Wall Street Analyst Weigh In

CARR has been the subject of several recent research reports. Oppenheimer boosted their price objective on Carrier Global from $74.00 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. The Goldman Sachs Group assumed coverage on shares of Carrier Global in a report on Thursday, December 12th. They set a “buy” rating and a $96.00 price objective on the stock. Royal Bank of Canada dropped their price objective on shares of Carrier Global from $87.00 to $86.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Citigroup decreased their target price on shares of Carrier Global from $94.00 to $90.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Finally, Northcoast Research initiated coverage on Carrier Global in a research note on Friday, November 22nd. They set a “neutral” rating for the company. Eight investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $83.93.

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.