Carrier Global Co. (NYSE:CARR) Shares Sold by OLD Second National Bank of Aurora

OLD Second National Bank of Aurora lessened its holdings in Carrier Global Co. (NYSE:CARR) by 21.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,420 shares of the company’s stock after selling 380 shares during the quarter. OLD Second National Bank of Aurora’s holdings in Carrier Global were worth $97,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. RFG Advisory LLC boosted its holdings in shares of Carrier Global by 36.2% during the fourth quarter. RFG Advisory LLC now owns 7,170 shares of the company’s stock valued at $489,000 after acquiring an additional 1,904 shares during the period. Cerity Partners LLC boosted its holdings in shares of Carrier Global by 39.0% during the third quarter. Cerity Partners LLC now owns 136,821 shares of the company’s stock valued at $11,013,000 after acquiring an additional 38,365 shares during the period. Daiwa Securities Group Inc. boosted its holdings in shares of Carrier Global by 12.3% during the third quarter. Daiwa Securities Group Inc. now owns 100,440 shares of the company’s stock valued at $8,084,000 after acquiring an additional 11,032 shares during the period. Miracle Mile Advisors LLC acquired a new position in shares of Carrier Global during the fourth quarter valued at $2,213,000. Finally, Sheaff Brock Investment Advisors LLC acquired a new position in shares of Carrier Global during the third quarter valued at $1,068,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Price Performance

Shares of Carrier Global stock opened at $64.78 on Thursday. The company has a current ratio of 1.08, a quick ratio of 0.82 and a debt-to-equity ratio of 0.69. The company’s 50-day moving average price is $70.95 and its two-hundred day moving average price is $72.51. Carrier Global Co. has a 52 week low of $53.13 and a 52 week high of $83.32. The stock has a market cap of $58.12 billion, a PE ratio of 16.40, a price-to-earnings-growth ratio of 2.26 and a beta of 1.36.

Carrier Global Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, December 20th will be issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend is Friday, December 20th. This is an increase from Carrier Global’s previous quarterly dividend of $0.19. Carrier Global’s payout ratio is presently 22.78%.

Carrier Global announced that its board has initiated a stock buyback program on Thursday, October 24th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 4.6% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CARR shares. UBS Group raised shares of Carrier Global from a “neutral” rating to a “buy” rating and set a $94.00 price target for the company in a report on Wednesday, November 13th. Oppenheimer upped their price objective on shares of Carrier Global from $74.00 to $88.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. Wells Fargo & Company reduced their price objective 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. Robert W. Baird reduced their price objective on shares of Carrier Global from $88.00 to $86.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Finally, Royal Bank of Canada reduced their price objective on shares of Carrier Global from $87.00 to $86.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Eight analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $83.93.

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.