Hancock Whitney Corp Sells 256 Shares of Carrier Global Co. (NYSE:CARR)

Hancock Whitney Corp trimmed its holdings in Carrier Global Co. (NYSE:CARR) by 5.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,327 shares of the company’s stock after selling 256 shares during the quarter. Hancock Whitney Corp’s holdings in Carrier Global were worth $348,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CARR. PineStone Asset Management Inc. boosted its position in shares of Carrier Global by 139.7% during the second quarter. PineStone Asset Management Inc. now owns 6,418,883 shares of the company’s stock worth $404,903,000 after acquiring an additional 3,741,206 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Carrier Global during the second quarter valued at about $58,415,000. Mizuho Securities USA LLC increased its holdings in shares of Carrier Global by 1,428.4% in the third quarter. Mizuho Securities USA LLC now owns 987,500 shares of the company’s stock worth $79,484,000 after purchasing an additional 922,892 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of Carrier Global by 8,797.3% in the third quarter. International Assets Investment Management LLC now owns 907,258 shares of the company’s stock worth $730,250,000 after purchasing an additional 897,061 shares during the last quarter. Finally, Swedbank AB purchased a new stake in shares of Carrier Global in the first quarter worth about $24,600,000. 91.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Morgan Stanley began coverage on Carrier Global in a research note on Friday, September 6th. They issued an “equal weight” rating and a $75.00 price objective on the stock. Northcoast Research initiated coverage on shares of Carrier Global in a research report on Friday, November 22nd. They issued a “neutral” rating on the stock. Wolfe Research upgraded shares of Carrier Global from an “underperform” rating to a “peer perform” rating in a research report on Friday, September 6th. Royal Bank of Canada reduced their target price on shares of Carrier Global from $91.00 to $87.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Finally, Mizuho increased their price target on shares of Carrier Global from $65.00 to $78.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Eight equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Carrier Global has a consensus rating of “Moderate Buy” and an average target price of $82.31.

Carrier Global Trading Down 0.1 %

Shares of NYSE:CARR opened at $76.89 on Thursday. The business’s 50-day moving average is $77.87 and its 200 day moving average is $70.54. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.08 and a quick ratio of 0.82. Carrier Global Co. has a 1 year low of $51.20 and a 1 year high of $83.32. The firm has a market capitalization of $68.99 billion, a P/E ratio of 19.47, a P/E/G ratio of 2.83 and a beta of 1.34.

Carrier Global Dividend Announcement

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

Carrier Global declared that its Board of Directors has initiated 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 stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Carrier Global 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.