Union Bancaire Privee UBP SA Acquires New Shares in Carrier Global Co. (NYSE:CARR)

Union Bancaire Privee UBP SA bought a new position in Carrier Global Co. (NYSE:CARR) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 7,386 shares of the company’s stock, valued at approximately $482,000.

Other large investors have also recently added to or reduced their stakes in the company. RFG Advisory LLC increased its position in Carrier Global by 36.2% in the fourth quarter. RFG Advisory LLC now owns 7,170 shares of the company’s stock worth $489,000 after buying an additional 1,904 shares during the period. Cerity Partners LLC increased its position in Carrier Global by 39.0% in the third quarter. Cerity Partners LLC now owns 136,821 shares of the company’s stock worth $11,013,000 after buying an additional 38,365 shares during the period. Daiwa Securities Group Inc. increased its position in Carrier Global by 12.3% in the third quarter. Daiwa Securities Group Inc. now owns 100,440 shares of the company’s stock worth $8,084,000 after buying an additional 11,032 shares during the period. Miracle Mile Advisors LLC acquired a new stake in Carrier Global in the fourth quarter worth $2,213,000. Finally, Sheaff Brock Investment Advisors LLC bought a new position in shares of Carrier Global in the third quarter worth $1,068,000. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global Stock Down 0.2 %

CARR opened at $67.32 on Wednesday. Carrier Global Co. has a fifty-two week low of $53.13 and a fifty-two week high of $83.32. The business has a 50-day moving average of $71.28 and a 200-day moving average of $72.56. 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 company has a market capitalization of $60.40 billion, a PE ratio of 17.04, a price-to-earnings-growth ratio of 2.26 and a beta of 1.36.

Carrier Global Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, December 20th will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Friday, December 20th. This is an increase from Carrier Global’s previous quarterly dividend of $0.19. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.34%. Carrier Global’s dividend payout ratio (DPR) is 22.78%.

Carrier Global declared that its Board of Directors has approved a share buyback plan 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 shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CARR. Robert W. Baird decreased their price target on Carrier Global from $88.00 to $86.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Bank of America increased their price target on Carrier Global from $80.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Royal Bank of Canada decreased their price target on Carrier Global from $87.00 to $86.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Oppenheimer raised their target price on Carrier Global from $74.00 to $88.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Finally, Wells Fargo & Company decreased their target price on Carrier Global from $80.00 to $75.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Eight research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Carrier Global presently has a consensus rating of “Moderate Buy” and a consensus 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.