Cobblestone Capital Advisors LLC NY Buys 380 Shares of Carrier Global Co. (NYSE:CARR)

Cobblestone Capital Advisors LLC NY raised its holdings in shares of Carrier Global Co. (NYSE:CARR) by 6.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,282 shares of the company’s stock after purchasing an additional 380 shares during the period. Cobblestone Capital Advisors LLC NY’s holdings in Carrier Global were worth $506,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Verition Fund Management LLC boosted its holdings in shares of Carrier Global by 123.2% in the third quarter. Verition Fund Management LLC now owns 278,569 shares of the company’s stock worth $22,422,000 after buying an additional 153,741 shares during the last quarter. Kingfisher Capital LLC purchased a new position in Carrier Global during the third quarter valued at $228,000. Public Sector Pension Investment Board grew its holdings in Carrier Global by 12.3% during the third quarter. Public Sector Pension Investment Board now owns 40,285 shares of the company’s stock valued at $3,243,000 after purchasing an additional 4,400 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Carrier Global by 1.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,993,169 shares of the company’s stock worth $482,390,000 after buying an additional 110,988 shares in the last quarter. Finally, CreativeOne Wealth LLC raised its stake in shares of Carrier Global by 10.3% in the third quarter. CreativeOne Wealth LLC now owns 43,369 shares of the company’s stock worth $3,491,000 after buying an additional 4,039 shares during the period. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Performance

NYSE:CARR opened at $77.37 on Monday. The company has a market cap of $69.42 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 2.86 and a beta of 1.34. Carrier Global Co. has a 1 year low of $51.20 and a 1 year high of $83.32. The stock’s 50 day simple moving average is $77.75 and its two-hundred day simple moving average is $70.75. 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 declared that its Board of Directors has approved a share repurchase program 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 programs are often a sign that the company’s leadership believes its stock is undervalued.

Carrier Global Dividend Announcement

The firm also recently declared 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 yield of 0.98%. The ex-dividend date of this dividend was Friday, October 25th. Carrier Global’s dividend payout ratio is presently 19.24%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CARR. Wells Fargo & Company reduced their target price on shares of Carrier Global from $82.00 to $76.00 and set an “equal weight” rating for the company in a report on Friday, October 25th. JPMorgan Chase & Co. began coverage on shares of Carrier Global in a research note on Thursday, October 10th. They issued a “neutral” rating and a $83.00 price objective for the company. Stephens lowered their target price on shares of Carrier Global from $85.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Monday, October 28th. Wolfe Research upgraded Carrier Global from an “underperform” rating to a “peer perform” rating in a research note on Friday, September 6th. Finally, Bank of America upped their price objective on Carrier Global from $80.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Eight 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. According to MarketBeat.com, Carrier Global has a consensus rating of “Moderate Buy” and a consensus price target of $82.31.

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.