Simon Quick Advisors LLC Has $221,000 Stock Holdings in Carrier Global Co. (NYSE:CARR)

Simon Quick Advisors LLC increased its position in Carrier Global Co. (NYSE:CARR) by 5.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,235 shares of the company’s stock after acquiring an additional 167 shares during the quarter. Simon Quick Advisors LLC’s holdings in Carrier Global were worth $221,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. FSM Wealth Advisors LLC raised its stake in shares of Carrier Global by 2.2% during the third quarter. FSM Wealth Advisors LLC now owns 6,373 shares of the company’s stock valued at $513,000 after acquiring an additional 136 shares during the last quarter. Meridian Wealth Management LLC lifted its position in shares of Carrier Global by 2.3% in the 3rd quarter. Meridian Wealth Management LLC now owns 6,030 shares of the company’s stock worth $485,000 after purchasing an additional 137 shares during the period. UMB Bank n.a. boosted its stake in shares of Carrier Global by 1.1% in the 4th quarter. UMB Bank n.a. now owns 13,293 shares of the company’s stock valued at $907,000 after purchasing an additional 143 shares during the last quarter. Essex Savings Bank increased its position in shares of 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 during the period. Finally, Boston Financial Mangement LLC raised its stake in Carrier Global by 1.7% during the third quarter. Boston Financial Mangement LLC now owns 9,208 shares of the company’s stock worth $741,000 after buying an additional 150 shares during the last quarter. Institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Up 0.2 %

CARR stock opened at $70.05 on Friday. The stock’s 50 day moving average is $71.50 and its 200-day moving average is $72.37. Carrier Global Co. has a twelve month low of $53.13 and a twelve month high of $83.32. The firm has a market capitalization of $62.85 billion, a PE ratio of 17.74, a P/E/G ratio of 2.26 and a beta of 1.36. 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 has authorized a stock repurchase program on Thursday, October 24th that permits the company to buyback $3.00 billion in outstanding shares. This buyback authorization permits the company to purchase up to 4.6% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Carrier Global Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, December 20th will be paid a $0.225 dividend. This is a positive change from Carrier Global’s previous quarterly dividend of $0.19. The ex-dividend date is Friday, December 20th. This represents a $0.90 annualized dividend and a dividend yield of 1.28%. Carrier Global’s dividend payout ratio is presently 22.78%.

Wall Street Analyst Weigh In

CARR has been the subject of a number of recent analyst reports. Barclays decreased their price target on Carrier Global from $92.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. The Goldman Sachs Group started coverage on Carrier Global in a report on Thursday, December 12th. They issued a “buy” rating and a $96.00 target price for the company. Wells Fargo & Company cut their price target on Carrier Global from $80.00 to $75.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Mizuho boosted their target price 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. Finally, Northcoast Research assumed coverage on shares of Carrier Global in a research note on Friday, November 22nd. They set a “neutral” rating on the stock. Eight investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently 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.