Carrier Global (NYSE:CARR) Upgraded at UBS Group

UBS Group upgraded shares of Carrier Global (NYSE:CARR) from a neutral rating to a buy rating in a report released on Wednesday morning, Marketbeat.com reports. They currently have $94.00 target price on the stock.

Other equities analysts have also recently issued reports about the company. Wolfe Research upgraded Carrier Global from an “underperform” rating to a “peer perform” rating in a research note on Friday, September 6th. Bank of America boosted their price target on shares of Carrier Global from $80.00 to $90.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Royal Bank of Canada reduced their price objective on shares of Carrier Global from $91.00 to $87.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Robert W. Baird dropped their target price on shares of Carrier Global from $88.00 to $86.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Finally, Mizuho boosted their target price on Carrier Global from $65.00 to $78.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Carrier Global has a consensus rating of “Moderate Buy” and a consensus target price of $82.31.

Carrier Global Stock Down 0.6 %

CARR stock opened at $74.53 on Wednesday. The firm has a market capitalization of $66.87 billion, a PE ratio of 18.87, a P/E/G ratio of 2.74 and a beta of 1.34. 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 has a twelve month low of $51.20 and a twelve month high of $83.32. The stock’s 50 day moving average is $77.63 and its 200-day moving average is $69.69.

Carrier Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Friday, October 25th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, October 25th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.02%. Carrier Global’s dividend payout ratio is presently 19.24%.

Carrier Global declared that its Board of Directors has authorized a share repurchase program on Thursday, October 24th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows 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 leadership believes its shares are undervalued.

Institutional Investors Weigh In On Carrier Global

Hedge funds and other institutional investors have recently bought and sold shares of the business. Atomi Financial Group Inc. purchased a new stake in Carrier Global during the 1st quarter worth about $216,000. Sei Investments Co. increased its position in shares of Carrier Global by 0.6% during the first quarter. Sei Investments Co. now owns 238,181 shares of the company’s stock valued at $13,846,000 after buying an additional 1,519 shares during the period. Entropy Technologies LP purchased a new stake in shares of Carrier Global in the first quarter worth about $583,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of Carrier Global by 50.1% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 390,272 shares of the company’s stock valued at $22,687,000 after acquiring an additional 130,192 shares during the period. Finally, Kingsview Wealth Management LLC grew its stake in Carrier Global by 8.0% during the first quarter. Kingsview Wealth Management LLC now owns 13,866 shares of the company’s stock valued at $806,000 after acquiring an additional 1,023 shares in the last quarter. Institutional investors own 91.00% of the company’s stock.

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.