Carrier Global Co. (NYSE:CARR) Shares Sold by Sentry LLC

Sentry LLC decreased its holdings in Carrier Global Co. (NYSE:CARR) by 5.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,410 shares of the company’s stock after selling 250 shares during the period. Sentry LLC’s holdings in Carrier Global were worth $301,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Busey Bank grew its stake in shares of Carrier Global by 12.5% during the fourth quarter. Busey Bank now owns 12,532 shares of the company’s stock worth $855,000 after purchasing an additional 1,394 shares in the last quarter. New England Research & Management Inc. grew its stake in shares of Carrier Global by 0.4% during the fourth quarter. New England Research & Management Inc. now owns 46,700 shares of the company’s stock worth $3,188,000 after purchasing an additional 175 shares in the last quarter. Hanson & Doremus Investment Management grew its stake in shares of Carrier Global by 6.2% during the fourth quarter. Hanson & Doremus Investment Management now owns 2,572 shares of the company’s stock worth $176,000 after purchasing an additional 150 shares in the last quarter. Foster Victor Wealth Advisors LLC grew its stake in shares of Carrier Global by 6.7% during the fourth quarter. Foster Victor Wealth Advisors LLC now owns 148,117 shares of the company’s stock worth $10,318,000 after purchasing an additional 9,332 shares in the last quarter. Finally, Gateway Wealth Partners LLC grew its stake in shares of Carrier Global by 221.8% during the fourth quarter. Gateway Wealth Partners LLC now owns 10,327 shares of the company’s stock worth $705,000 after purchasing an additional 7,118 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Trading Down 3.7 %

NYSE CARR opened at $64.78 on Thursday. The stock has a market capitalization of $58.12 billion, a P/E ratio of 16.40, a P/E/G ratio of 2.26 and a beta of 1.36. Carrier Global Co. has a 52-week low of $53.13 and a 52-week high of $83.32. The firm has a 50-day moving average price of $70.95 and a 200 day moving average price of $72.51. The company has a quick ratio of 0.82, a current ratio of 1.08 and a debt-to-equity ratio of 0.69.

Carrier Global declared that its Board of Directors has authorized 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 repurchase up to 4.6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Carrier Global Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, December 20th will be issued a dividend of $0.225 per share. This is a boost from Carrier Global’s previous quarterly dividend of $0.19. This represents a $0.90 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend is Friday, December 20th. Carrier Global’s dividend payout ratio is currently 22.78%.

Analyst Upgrades and Downgrades

CARR has been the subject of a number of analyst reports. Citigroup lowered 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 note on Monday, January 13th. Mizuho boosted their price target on shares of Carrier Global from $65.00 to $78.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Oppenheimer boosted their price target on shares of Carrier Global from $74.00 to $88.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. Robert W. Baird reduced their price target 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. Finally, Bank of America boosted their price target 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. Eight analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $83.93.

About Carrier Global

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.