2,839 Shares in Carrier Global Co. (NYSE:CARR) Bought by Legacy Capital Wealth Partners LLC

Legacy Capital Wealth Partners LLC bought a new stake in shares of Carrier Global Co. (NYSE:CARR) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,839 shares of the company’s stock, valued at approximately $229,000.

A number of other hedge funds and other institutional investors have also modified their holdings of CARR. Sigma Planning Corp lifted its position in Carrier Global by 4.5% during the 3rd quarter. Sigma Planning Corp now owns 12,729 shares of the company’s stock worth $1,025,000 after acquiring an additional 549 shares during the last quarter. Covestor Ltd grew its holdings in shares of Carrier Global by 62.3% during the 3rd quarter. Covestor Ltd now owns 3,851 shares of the company’s stock worth $311,000 after purchasing an additional 1,478 shares in the last quarter. Essex Savings Bank boosted its stake in Carrier Global by 2.2% during the third quarter. Essex Savings Bank now owns 6,608 shares of the company’s stock worth $532,000 after buying an additional 144 shares in the last quarter. Carmel Capital Partners LLC bought a new stake in Carrier Global in the 3rd quarter valued at $1,225,000. Finally, Assetmark Inc. increased its stake in Carrier Global by 4.6% in the third quarter. Assetmark Inc. now owns 297,666 shares of the company’s stock valued at $23,959,000 after acquiring an additional 13,106 shares during the period. Institutional investors and hedge funds own 91.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on CARR shares. Barclays dropped 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. Wells Fargo & Company lowered 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 research report on Friday, October 25th. Mizuho increased their price objective on Carrier Global from $65.00 to $78.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Morgan Stanley started coverage on Carrier Global in a research note on Friday, September 6th. They set an “equal weight” rating and a $75.00 price target on the stock. Finally, Royal Bank of Canada cut their target price on shares of Carrier Global from $91.00 to $87.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Seven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $81.33.

Carrier Global Stock Performance

Shares of CARR stock opened at $76.29 on Tuesday. 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 1 year low of $50.67 and a 1 year high of $83.32. The stock’s 50-day moving average is $77.26 and its two-hundred day moving average is $69.50. The firm has a market cap of $68.45 billion, a price-to-earnings ratio of 19.31, a PEG ratio of 2.75 and a beta of 1.34.

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

Carrier Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Friday, October 25th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, October 25th. This represents a $0.76 annualized dividend and a yield of 1.00%. Carrier Global’s dividend payout ratio is presently 19.24%.

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.