Sawyer & Company Inc Purchases 1,439 Shares of Carrier Global Co. (NYSE:CARR)

Sawyer & Company Inc increased its position in Carrier Global Co. (NYSE:CARR) by 2,359.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,500 shares of the company’s stock after acquiring an additional 1,439 shares during the period. Sawyer & Company Inc’s holdings in Carrier Global were worth $102,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. FSM Wealth Advisors LLC boosted its stake in shares of Carrier Global by 2.2% during the 3rd quarter. FSM Wealth Advisors LLC now owns 6,373 shares of the company’s stock worth $513,000 after acquiring an additional 136 shares during the last quarter. Meridian Wealth Management LLC grew its holdings in Carrier Global by 2.3% during the third quarter. Meridian Wealth Management LLC now owns 6,030 shares of the company’s stock valued at $485,000 after purchasing an additional 137 shares during the period. Essex Savings Bank increased its position in Carrier Global by 2.2% in 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 in the last quarter. Boston Financial Mangement LLC raised its stake in shares of Carrier Global by 1.7% in 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 period. Finally, Sittner & Nelson LLC lifted its position in shares of Carrier Global by 4.9% during the 3rd quarter. Sittner & Nelson LLC now owns 3,187 shares of the company’s stock valued at $257,000 after buying an additional 150 shares in the last quarter. Institutional investors own 91.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on CARR shares. Citigroup lowered their price target on shares of Carrier Global from $94.00 to $90.00 and set a “buy” rating on the stock in a report on Monday. Wells Fargo & Company dropped their price objective on Carrier Global from $80.00 to $75.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Barclays dropped their price target on Carrier Global from $92.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. The Goldman Sachs Group began coverage on shares of Carrier Global in a research note on Thursday, December 12th. They set a “buy” rating and a $96.00 target price for the company. Finally, Royal Bank of Canada decreased their target price on Carrier Global from $87.00 to $86.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Eight investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Carrier Global presently has an average rating of “Moderate Buy” and an average price target of $83.93.

Carrier Global Trading Up 0.8 %

CARR stock opened at $68.93 on Thursday. The company has a market capitalization of $61.85 billion, a PE ratio of 17.45, a P/E/G ratio of 2.73 and a beta of 1.36. 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 12 month low of $53.13 and a 12 month high of $83.32. The firm’s 50-day moving average is $72.34 and its 200 day moving average is $72.17.

Carrier Global announced that its Board of Directors has authorized a share buyback plan on Thursday, October 24th that permits the company to buyback $3.00 billion in shares. This buyback authorization permits the company to purchase up to 4.6% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

Carrier Global Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, December 20th will be issued a $0.225 dividend. This is a positive change from Carrier Global’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.31%. Carrier Global’s payout ratio is presently 22.78%.

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.