Bensler LLC Sells 1,235 Shares of Carrier Global Co. (NYSE:CARR)

Bensler LLC reduced its stake in shares of Carrier Global Co. (NYSE:CARR) by 3.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 39,887 shares of the company’s stock after selling 1,235 shares during the period. Bensler LLC’s holdings in Carrier Global were worth $2,723,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of CARR. FMR LLC boosted its holdings in Carrier Global by 36.2% in the 3rd quarter. FMR LLC now owns 8,729,073 shares of the company’s stock worth $702,603,000 after buying an additional 2,320,909 shares during the period. Zurich Insurance Group Ltd FI bought a new position in Carrier Global in the 3rd quarter worth approximately $130,479,000. Mizuho Securities USA LLC boosted its holdings in Carrier Global by 1,428.4% in the 3rd quarter. Mizuho Securities USA LLC now owns 987,500 shares of the company’s stock worth $79,484,000 after buying an additional 922,892 shares during the period. International Assets Investment Management LLC boosted its holdings in Carrier Global by 8,797.3% in the 3rd quarter. International Assets Investment Management LLC now owns 907,258 shares of the company’s stock worth $730,250,000 after buying an additional 897,061 shares during the period. Finally, State Street Corp boosted its holdings in Carrier Global by 1.4% in the 3rd quarter. State Street Corp now owns 33,665,505 shares of the company’s stock worth $2,709,736,000 after buying an additional 469,108 shares during the period. 91.00% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on CARR. Barclays lowered their target price on shares of Carrier Global from $92.00 to $90.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Robert W. Baird lowered their target price on shares of Carrier Global from $88.00 to $86.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Royal Bank of Canada lowered their target price 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. 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. Finally, Mizuho increased their target price on shares of Carrier Global from $65.00 to $78.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Eight investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $83.93.

Carrier Global Trading Down 0.1 %

Shares of NYSE CARR opened at $67.38 on Tuesday. Carrier Global Co. has a 1 year low of $53.13 and a 1 year high of $83.32. The stock has a market cap of $60.45 billion, a P/E ratio of 17.06, a price-to-earnings-growth ratio of 2.26 and a beta of 1.36. The firm has a 50-day moving average of $71.28 and a 200 day moving average of $72.56. 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 initiated a share repurchase plan on Thursday, October 24th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the company to repurchase up to 4.6% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Carrier Global Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, December 20th will be given a dividend of $0.225 per share. This is a boost from Carrier Global’s previous quarterly dividend of $0.19. This represents a $0.90 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date is Friday, December 20th. Carrier Global’s dividend payout ratio (DPR) is 22.78%.

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.