57,400 Shares in Carrier Global Corporation $CARR Bought by Lingohr Asset Management GmbH

Lingohr Asset Management GmbH bought a new stake in shares of Carrier Global Corporation (NYSE:CARR) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 57,400 shares of the company’s stock, valued at approximately $3,414,000.

Other institutional investors have also added to or reduced their stakes in the company. AdvisorShares Investments LLC purchased a new position in shares of Carrier Global in the 2nd quarter valued at approximately $25,000. Winnow Wealth LLC purchased a new position in shares of Carrier Global in the 2nd quarter valued at about $26,000. Twin Peaks Wealth Advisors LLC acquired a new position in Carrier Global in the 2nd quarter worth about $26,000. Clayton Financial Group LLC purchased a new stake in Carrier Global in the 3rd quarter worth $26,000. Finally, Traub Capital Management LLC acquired a new position in shares of Carrier Global during the 2nd quarter worth about $27,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Price Performance

Shares of CARR opened at $59.60 on Friday. The firm’s fifty day simple moving average is $54.57 and its 200-day simple moving average is $59.91. The firm has a market capitalization of $50.20 billion, a price-to-earnings ratio of 13.33, a PEG ratio of 2.40 and a beta of 1.31. Carrier Global Corporation has a twelve month low of $50.24 and a twelve month high of $81.09. The company has a current ratio of 1.14, a quick ratio of 0.75 and a debt-to-equity ratio of 0.76.

Carrier Global (NYSE:CARR) last announced its earnings results on Tuesday, October 28th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.10. The firm had revenue of $5.58 billion during the quarter, compared to analysts’ expectations of $5.65 billion. Carrier Global had a return on equity of 16.65% and a net margin of 18.05%.The business’s revenue was down 6.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.83 EPS. Equities analysts forecast that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

Carrier Global declared that its board has authorized a share buyback program on Tuesday, October 28th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the company to repurchase up to 10.1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Carrier Global Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 9th. Shareholders of record on Tuesday, January 20th will be given a dividend of $0.24 per share. The ex-dividend date is Tuesday, January 20th. This is an increase from Carrier Global’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a yield of 1.6%. Carrier Global’s dividend payout ratio (DPR) is presently 21.48%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CARR. JPMorgan Chase & Co. upped their target price on shares of Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a report on Friday, January 16th. Mizuho reduced their target price on shares of Carrier Global from $75.00 to $67.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. Wolfe Research dropped their price target on shares of Carrier Global from $74.00 to $70.00 and set an “outperform” rating for the company in a research note on Thursday, January 15th. Oppenheimer reaffirmed a “market perform” rating on shares of Carrier Global in a research note on Wednesday, October 29th. Finally, Morgan Stanley set a $55.00 target price on Carrier Global in a research note on Thursday, January 8th. Ten equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Carrier Global has a consensus rating of “Moderate Buy” and an average price target of $69.06.

Carrier Global Company Profile

Carrier Global Corporation is a leading global provider of heating, ventilation and air conditioning (HVAC), refrigeration, fire and security, and building automation solutions. The company designs, manufactures and sells a broad portfolio of products that includes air conditioners, furnaces, heat pumps, chillers, rooftop units, commercial refrigeration systems, fire and smoke detection and suppression systems, security sensors and access controls, and a range of building controls and analytics software.