Yousif Capital Management LLC Sells 4,282 Shares of Carrier Global Co. (NYSE:CARR)

Yousif Capital Management LLC trimmed its holdings in Carrier Global Co. (NYSE:CARR) by 3.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 105,009 shares of the company’s stock after selling 4,282 shares during the quarter. Yousif Capital Management LLC’s holdings in Carrier Global were worth $7,168,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. FSA Wealth Management LLC purchased a new position in Carrier Global during the third quarter valued at $28,000. McClarren Financial Advisors Inc. boosted its holdings in shares of Carrier Global by 246.0% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 436 shares of the company’s stock valued at $35,000 after purchasing an additional 310 shares during the last quarter. Coastline Trust Co purchased a new position in shares of Carrier Global during the third quarter valued at about $37,000. Country Trust Bank bought a new stake in shares of Carrier Global in the third quarter worth about $40,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Carrier Global in the third quarter worth about $44,000. 91.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on CARR shares. Northcoast Research began coverage on Carrier Global in a report on Friday, November 22nd. They set a “neutral” rating for the company. Wells Fargo & Company cut their target price on shares of Carrier Global from $80.00 to $75.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Royal Bank of Canada decreased their price target on shares of Carrier Global from $87.00 to $86.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Barclays dropped their price objective on shares of Carrier Global from $92.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Finally, Mizuho upped 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. Eight equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $83.93.

Carrier Global Trading Up 1.0 %

Shares of NYSE CARR opened at $64.52 on Thursday. The business’s 50 day moving average price is $69.93 and its 200-day moving average price is $72.46. Carrier Global Co. has a fifty-two week low of $53.13 and a fifty-two week high of $83.32. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.82 and a current ratio of 1.08. The company has a market cap of $57.89 billion, a price-to-earnings ratio of 16.33, a PEG ratio of 2.12 and a beta of 1.35.

Carrier Global declared that its board has approved a stock buyback program on Thursday, October 24th that authorizes the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 4.6% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

Carrier Global Increases Dividend

The business 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 dividend of $0.225 per share. This is a positive change from Carrier Global’s previous quarterly dividend of $0.19. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date is Friday, December 20th. Carrier Global’s payout ratio is currently 22.78%.

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.