Carrier Global Co. (NYSE:CARR) Shares Purchased by Fisher Asset Management LLC

Fisher Asset Management LLC raised its position in Carrier Global Co. (NYSE:CARR) by 1.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 14,267,109 shares of the company’s stock after purchasing an additional 269,538 shares during the period. Fisher Asset Management LLC’s holdings in Carrier Global were worth $1,148,360,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Frank Rimerman Advisors LLC increased its position in shares of Carrier Global by 54,708.0% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 13,702 shares of the company’s stock worth $864,000 after purchasing an additional 13,677 shares during the last quarter. Kintegral Advisory LLC lifted its holdings in Carrier Global by 44.2% during the 2nd quarter. Kintegral Advisory LLC now owns 28,395 shares of the company’s stock worth $1,797,000 after buying an additional 8,705 shares during the last quarter. Foster Victor Wealth Advisors LLC acquired a new position in shares of Carrier Global in the 2nd quarter worth approximately $7,720,000. Vista Investment Partners LLC bought a new stake in shares of Carrier Global in the 2nd quarter valued at approximately $744,000. Finally, Janus Henderson Group PLC raised its position in shares of Carrier Global by 28.8% during the 1st quarter. Janus Henderson Group PLC now owns 294,437 shares of the company’s stock valued at $17,114,000 after acquiring an additional 65,796 shares in the last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Robert W. Baird decreased their price objective on shares of Carrier Global from $88.00 to $86.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Bank of America boosted their price objective 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. 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 report on Friday, October 25th. JPMorgan Chase & Co. assumed coverage on Carrier Global in a report on Thursday, October 10th. They set a “neutral” rating and a $83.00 target price for the company. Finally, UBS Group raised Carrier Global from a “neutral” rating to a “buy” rating and set a $94.00 price target on the stock in a report on Wednesday, November 13th. Eight analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $82.31.

Carrier Global Price Performance

Shares of NYSE:CARR opened at $77.00 on Monday. The stock’s 50 day moving average price is $77.88 and its 200 day moving average price is $70.32. 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 stock has a market cap of $69.09 billion, a price-to-earnings ratio of 19.49, a PEG ratio of 2.73 and a beta of 1.34. Carrier Global Co. has a 12 month low of $51.20 and a 12 month high of $83.32.

Carrier Global Announces Dividend

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

Carrier Global announced that its Board of Directors has authorized a share buyback plan on Thursday, October 24th that allows the company to repurchase $3.00 billion in shares. This repurchase authorization allows the company to repurchase up to 4.6% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its shares are 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.