9,858 Shares in Carrier Global Co. (NYSE:CARR) Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd bought a new position in shares of Carrier Global Co. (NYSE:CARR) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 9,858 shares of the company’s stock, valued at approximately $793,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Davis R M Inc. acquired a new stake in shares of Carrier Global during the third quarter worth $205,000. Bank of Hawaii boosted its holdings in Carrier Global by 9.2% during the third quarter. Bank of Hawaii now owns 14,719 shares of the company’s stock worth $1,185,000 after buying an additional 1,243 shares during the last quarter. Fisher Asset Management LLC grew its position in shares of Carrier Global by 1.9% during the 3rd quarter. Fisher Asset Management LLC now owns 14,267,109 shares of the company’s stock worth $1,148,360,000 after buying an additional 269,538 shares during the period. Daiwa Securities Group Inc. increased its stake in shares of Carrier Global by 12.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 100,440 shares of the company’s stock valued at $8,084,000 after acquiring an additional 11,032 shares during the last quarter. Finally, Larson Financial Group LLC raised its position in shares of Carrier Global by 101.9% in the 3rd quarter. Larson Financial Group LLC now owns 2,259 shares of the company’s stock valued at $182,000 after acquiring an additional 1,140 shares during the period. Institutional investors own 91.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CARR. Wells Fargo & Company decreased their price objective on shares of Carrier Global from $82.00 to $76.00 and set an “equal weight” rating for the company in a report on Friday, October 25th. Wolfe Research raised shares of Carrier Global from an “underperform” rating to a “peer perform” rating in a research report on Friday, September 6th. Morgan Stanley started coverage on shares of Carrier Global in a research report on Friday, September 6th. They issued an “equal weight” rating and a $75.00 price objective for the company. Royal Bank of Canada reduced their target price on Carrier Global from $91.00 to $87.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Finally, Barclays lowered their price target on Carrier Global from $90.00 to $89.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Eight 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 data from MarketBeat.com, Carrier Global has an average rating of “Moderate Buy” and an average price target of $82.31.

Carrier Global Trading Down 0.1 %

NYSE CARR opened at $76.89 on Thursday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.82 and a current ratio of 1.08. Carrier Global Co. has a 52 week low of $51.20 and a 52 week high of $83.32. The stock has a market capitalization of $68.99 billion, a price-to-earnings ratio of 19.47, a PEG ratio of 2.83 and a beta of 1.34. The stock’s 50 day moving average price is $77.87 and its two-hundred day moving average price is $70.54.

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

Carrier Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, October 25th were paid a dividend of $0.19 per share. The ex-dividend date was Friday, October 25th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.99%. Carrier Global’s dividend payout ratio is 19.24%.

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.